Impact of Tax Credit System on the IT Industry

Declared by many a major setback in the growth of the IT sector, the recent Tax credit regime introduced by the Government of Pakistan has now officially replaced the Income Tax exemption on IT & ITES exports from March 22nd, 2021.

The exemption was previously valid till June 2025 and its sudden substitution with the tax regime 3 and a half years prior to its due date has not been received well by the members of the industry.

To dive deeper into how this development will affect the sector, Pakistan Software Houses Association for IT & ITES (P@SHA) organized an informative Candid with P@SHA webinar on April 12th, 2021 under the moderation of Shahzad Shahid, CEO TPS Worldwide & CEC Member P@SHA.

The experts invited to speak on this panel were as follows.

-Sadia Nazeer – Partner Tax, KPMG Taseer Hadi & Co.
-Sharif uddin Khilji – CEO Khilji & Co.
-Naseer Akhtar – CEO InfoTech & Member, PM IT TaskForce