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IT Export Misreporting: Lawmakers Allege Tax Evasion by Textile Exporters

Summary by TechJuice

ISLAMABAD: Lawmakers have raised concerns over IT export misreporting, alleging that textile exporters are falsely declaring their shipments as IT exports to take advantage of lower tax rates. During a Senate Standing Committee on Finance meeting, Senator Anusha Rahman claimed that businesses were misusing the 0.25% income tax facility for IT exports to avoid the newly imposed 29% tax on goods exports. Senator Rahman’s remarks were based on repo…

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PhoneWorld

Lawmakers Accuse Textile Firms of Exploiting IT Tax Perks, P@SHA Chairman Rejects Allegations

Copyright protected content copied from PhoneWorld website. Lawmakers have raised concerns over alleged misreporting of IT exports, claiming that textile exporters are falsely declaring their shipments as IT services to exploit lower tax rates. The issue was brought up during a Senate Standing Committee on Finance meeting, where Senator Anusha Rahman alleged that some businesses were misusing the 0.25% income tax facility available to IT exporte…

3 days ago

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