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FBR Issues Clarification on Tax Exemption from Income of Exported IT Services

The Federal Board of Revenue (FBR) has issued a clarification regarding the news about a proposal to withdraw exemption available to income from exports of computer software or IT services or IT enabled services. FBR has clarified that under the current legal dispensation, the exports of computer software, IT Services or IT enabled services are exempt from […]

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Govt to Withdraw Income Tax Exemption on IT and IT-Enabled Services

The government has decided to withdraw income tax exemption available to IT services and IT-enabled services through the Income Tax Amendment Bill, 2021. Under the draft bill, the IT services and IT-enabled services will be allowed to avail 100 percent tax credit at the time of filing of income tax returns. The withdrawal of income

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Pakistan Among World’s Largest Manpower Provider for Online Services

As demand for Pakistani manpower grows worldwide, the country has become the third-largest supplier of technical manpower for online services globally. “We are glad to share that, as a testament to abilities of our youth, the International Labour Organization (ILO) has ranked Pakistan as the 3rd largest contributor of technical manpower for online services globally,”

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