Tax Cut on Telecom Services Expected in Upcoming Budget

Pakistan Telecommunication Authority has recommended Federal Board of Revenue to bring down the tax level on Telecom services from 21 percent to 16 percent, reported APP, citing Dr. Yaseen, Chairman PTA.

Quoting Dr. Yaseen, APP further reports that that Telecom industry is going to hear good news in upcoming budget as the Pakistan Telecommunication Authority (PTA) has recommended the federal government to cut taxes ratio on the telecom sector to bring the sector at par with the other sectors.

It merits mentioning here, that taxes on Telecom services were hiked to 21 percent in previous budget – which negatively impacted the sector.

Recently, telecom companies collectively wrote a letter to PTA requesting authority’s role in bring the tax level down.

Tech reporter with over 10 years of experience, founder of ProPakistani.PK