A damning report by the Pakistan Software Houses Association for IT and ITeS (P@SHA) has revealed that after the recent withdrawal of the tax exemptions granted to the IT Industry till 2025, Pakistan has become the worst country for an IT Industry to operate and is lagging behind all major countries in the region. However, India is in the lead with its IT Industry enjoying the most facilities, while Pakistan’s number of facilities and benefits has been reduced to zero.
The tweet by P@SHA said, “Tax exemption was the biggest benefit given in Pakistan, and with the recent change in tax regime, it’s also been compromised.”
The comparison issued by P@SHA evaluated Pakistan’s tax benefits against all major countries in the region, including India, China, and Bangladesh. Tax exemptions on exports, special economic zones, Tax, and Duty-free imports, and cash awards were some of the major benefits whose availability in these countries has been highlighted by the P@SHA.
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