The Federal Board of Revenue (FBR) has suspended the Digital Presence Proceeds Act Tax from July 1, 2025, a move made to strike a trade deal with the United States.
Finance Minister Muhammad Aurangzeb and senior officials are in Washington to finalize the agreement. The deal could boost Pakistan’s exports by several billion dollars and give it a trade edge over India, Bangladesh and Vietnam.
The federal government has directed that the Digital Presence Proceeds Tax shall not apply to digitally ordered goods and services supplied from outside Pakistan by any person, which are chargeable to tax under the said Act, FBR said in a notification.
This notification shall come into force on and from July 1, 2025, which means that the 5 percent tax imposed under the Act will no longer be applicable.
آ گئے پریشر میں۔
پہلے ہی تھوڑا سوچ کر قانون بناتے۔
وجہ چاہے کوئی بھی ھو حکومت اپنی باتوں سے جلدی پھر جاتی ھے۔
امھے واہ کام کا یہی نتیجہ ھوتا ھے۔
From july 1st or august 1st?
Definitely a typo.. the writer got excited as well😂
😂
A very good decision.
This is not a big issue. FBR has reduced the online duty-free import limit to PKR 1,000, which was previously PKR 5,000. It should be increased further.