As per the media reports, the government is considering removing a 1 percent tax on IT receipts to encourage IT, exporters, to maintain export rates in the current fiscal year.
At a recent meeting, Finance Minister Shaukat Tarin assured IT Ministry that the 1-2% Tax deduction by banks on IT receipts would soon be withdrawn for every IT export .
Prime Minister Imran Khan recently held a high-level meeting with representatives from export-oriented sectors after Pakistan hit a record $ 2.3 billion in monthly exports.
Recently, it was observed that IT exporters are being deducted 1% tax on each IT receipt through Banking Channel.
The following two tabs change content below.
Latest posts by News Desk (see all)
- Oil Prices down amid Geo-Political Uncertainty - November 1, 2023
- Govt to borrow PKR8.5 trillion in Bond Auction till Jan-2024 - November 1, 2023
- Nishat Chunian Ltd: 1QFY24 profit rises 13 percent to PKR 500mn - October 31, 2023
