State Property: Taxing Both Partners’ Shares in a Silent Partnership
Practical Laws of Islam as per the teachings of Imam Khamenei
State Property: Taxing Both Partners’ Shares in a Silent Partnership
English:
Question #1973:
A person concludes a silent partnership deed with a bank and gives the bank a certain percent of the profit according to the contract. Is it permissible for the Tax Office to demand the tax of the bank’s share from him besides that of his share?
Answer #1973:
It depends on the rules and regulations on tax revenue. Therefore, if he is to pay only tax revenue only on his share as per the law, he is not liable for the tax revenue on the partner’s share.
-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of State Property