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Guidelines on Tax Treatment on the Income of Medical Practitioners (Specialist Doctors) .....

Guidelines on Tax Treatment on the Income of Medical Practitioners (Specialist Doctors) in Private Hospitals

The Inland Revenue Board “IRB” has issued the guidelines on Tax Treatment on the Income of Medical Practitioners (Specialist Doctors) in Private Hospitals on 16th March 2022. The guidelines explain whether the fee received by a Specialist Doctor from Private Hospitals in return for services rendered shall be assessed under the following categories:-

  • Business income of an individual to be assessed under Section 4(a) of the Income Tax Act, 1967 (“the Act”)
  • Business income of a company to be assessed under Section 4(a) of the Act; and
  • Employment income assessed under Section 4(b) of the Act.

To know more about the tax treatments mentioned in the guidelines, please take a look at our Tax Alert publication.

Should you require any clarification or further assistance, please do not hesitate to contact our Tax team in our respective offices.