05-21-2007, 10:02 PM
AOA
According to income tax law, income from export of software is exempted from tax. So what are the requirements to avail this opportunity? Our company is already registered with Pakistan Software Export Board and we are receiving our remittances through banking channel.
I have also come to know that Software Companies are required to get themselves registered with the Exchange Policy Department of the State Bank of Pakistan. These companies are also required to submit monthly export/import statement to State Bank of Pakistan. For that purpose I visited to the Islamabad office of the State Bank of Pakistan but they directed me to contact Exchange Policy Department of Karachi. However, a question is arising if a person is living in Islamabad then how can he register with the Exchange Policy Department of Karachi office? I shall be thankful if any one provides more information about this topic.
Thanks
Zia ur Rahman
According to income tax law, income from export of software is exempted from tax. So what are the requirements to avail this opportunity? Our company is already registered with Pakistan Software Export Board and we are receiving our remittances through banking channel.
I have also come to know that Software Companies are required to get themselves registered with the Exchange Policy Department of the State Bank of Pakistan. These companies are also required to submit monthly export/import statement to State Bank of Pakistan. For that purpose I visited to the Islamabad office of the State Bank of Pakistan but they directed me to contact Exchange Policy Department of Karachi. However, a question is arising if a person is living in Islamabad then how can he register with the Exchange Policy Department of Karachi office? I shall be thankful if any one provides more information about this topic.
Thanks
Zia ur Rahman
