Federal Board of Revenue (FBR) expands scope of definition of Information Technology, IT-enabled services -
ISLAMABAD: The Federal Board of Revenue (FBR) has expanded the scope of the definition of IT and IT-enabled services, raised the advance tax rate from two to four percent for commercial importers and reduced the turnover tax for Oil Marketing Companies (OMCs) from 0.75 percent to 0.5 percent through amendment in the Finance Bill, 2022.
Source: pakistanpressfoundation.org