IT business is exempt from tax in Pakistan, if any company receives payment from foreign clients through proper banking Chanel and declares the income in annual income tax return of the company.
Software House or IT business is a very growing business in Pakistan as well as in whole world, a lot of freelancer are doing business without registration in Pakistan, which is an illegal activity. It is strongly recommended to register your business with government of Pakistan and declare your income from business, there are a lot of benefits to declare annual income to departments of Pakistan.
Software Export business is almost tax exempted business in Pakistan, however the income from software house, must be declared to relevant departments, otherwise, the income would not be exempted from tax
In Pakistan IT business is registered as follows:-.
- Software House Registration in Pakistan
- Information Technology company Registration / IT consultancy company Registration
- Software House Registration
- Web Development Company
- Networking security Company Registration
Our contact details are:
Shahzada Qamer (Adv)
S.Qamer & Co.
Tax & corporate consultant
Member Lahore Tax Bar Association
Mob: +92-300-9439703 / Whatsapp: +923009439703
email: firstname.lastname@example.org or email@example.com
Office No. 1, Ali Center, 2nd Floor, Lodhi Arcade, Mozang Chungi, LOS stop, Near ICAM College, 42-Ferozepur Road, Lahore