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Pakistan Budget 2023-24: What's In It For The IT Sector? | MoneyCurve | Dawn News English
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The income tax, which is at 0.25%, has been extended till 2026, said Finance Minister Ishaq Dar.
Professionals from this sector have been allowed to import equipment at zero duty up to 1% of their exports, the finance minister said. The limit for import is set at $50,000 per year.
Separately, those IT professionals that make up to $24,000 a year have been exempted from filing income tax returns.
“The government will also establish a Rs5-billion Venture Capital Fund to facilitate business capital in the IT sector,” said Dar.
#budget2023 #itsector #tech #informationtechnology #budgetsession #budget #ishaqdar #financeminister #financialcrisis #pakistannews #news #pakistanlivenews #latestnews #latestnewspakistan #pakistannewstoday #dawnnewsenglish #dawnnews
Professionals from this sector have been allowed to import equipment at zero duty up to 1% of their exports, the finance minister said. The limit for import is set at $50,000 per year.
Separately, those IT professionals that make up to $24,000 a year have been exempted from filing income tax returns.
“The government will also establish a Rs5-billion Venture Capital Fund to facilitate business capital in the IT sector,” said Dar.
#budget2023 #itsector #tech #informationtechnology #budgetsession #budget #ishaqdar #financeminister #financialcrisis #pakistannews #news #pakistanlivenews #latestnews #latestnewspakistan #pakistannewstoday #dawnnewsenglish #dawnnews
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