IT firms demand major tax reforms

IT firms demand major tax reforms

Pakistan's Information Technology (IT) companies have strongly demanded the government to rationalise taxes on the IT sector in order to enhance its exports manifold in the coming years. Muhammad Umair Nizam, Senior Vice Chairman of the Pakistan Software Houses Association (P@SHA), called for a major reduction in the burden of income tax on employees' salaries from the current 35% to a flat 5% in order to facilitate IT companies in maintaining t…

IT Industry Leaders Urge Government to Cut Taxes and Support Growth

Copyright protected content copied from PhoneWorld website. Pakistan’s IT industry leaders have urged the government to cut taxes. They believe this step will help boost IT exports in the coming years. Muhammad Umair Nizam, Senior Vice Chairman of the Pakistan Software Houses Association (P@SHA), highlighted key issues. He demanded a major cut in the income tax on employees’ salaries. Currently, it stands at 35%. Nizam suggested it should be red…