Govt decided to exempt Freelancers from Tax Returns

.mejs-overlay-button{--wpr-bg-8d940f5e-c62e-4e6e-bae7-500566cd07d8: url('https://c0.wp.com/c/7.0/wp-includes/js/mediaelement/mejs-controls.svg');}.mejs-overlay-loading-bg-img{--wpr-bg-f34265c8-c416-4f95-8c3d-e93a9e54e717: url('https://c0.wp.com/c/7.0/wp-includes/js/mediaelement/mejs-controls.svg');}.mejs-button>button{--wpr-bg-e1dccc56-b73a-4f53-96dc-97dc6a58b81d: url('https://c0.wp.com/c/7.0/wp-includes/js/mediaelement/mejs-controls.svg');}.owl-carousel .owl-video-play-icon{--wpr-bg-595499e3-7fe3-4860-ba0f-00e5bb8571de: url('https://wikitechlibrary.com/wp-content/plugins/related-post/assets/front/css/owl.video.play.png');}.rll-youtube-player .play{--wpr-bg-86aa65d8-f704-42fe-907f-f117e08f0ecc: url('https://wikitechlibrary.com/wp-content/plugins/wp-rocket/assets/img/youtube.png');}

bloggertaxes

In the fiscal year 2023-2024 budget, the federal government has chosen to exclude freelancers from filing tax returns while granting IT the status of small and medium company.

Govt decided to exempt Freelancers from Tax Returns

The federal government has decided to exclude freelancers from filing tax returns. Five billion rupees have been earmarked for venture capital to encourage new start-ups and youngsters to undertake business, while the tax on IT services in Islamabad has been decreased from 15% to 5%.

Lending banks will receive a 20% tax break for giving loans in the IT industry, and the government has agreed to launch a program to provide professional training to 50,000 IT graduates in the coming fiscal year.

Abdullah

Abdullah is an experienced educator and content creator at WikiTechLibrary, dedicated to helping students excel in their academic journeys. With a strong background in education, he writes about the latest education news, exam results, and study materials to support learners. His passion lies in simplifying complex topics and providing practical resources that empower students to achieve their goals.

Leave a ReplyCancel reply

Join Now