Pakistan Software Houses Association (P @ SHA) has called on the federal government not to introduce new taxes and a friendly set for the country’s information technology sector in the next tax budget, which should be presented on June 10.
In a statement to the media, the president of P @ Sha Sajjad Mustafa Syed revealed that out of the $ 700 million invested in the IT industry in Pakistan, $ 600 million come from companies affiliated to the association.
He underlined the dependence of the sector with regard to stability, coherent policies and favorable incentives to ensure continuous growth.
“We urge the government to implement a fixed tax regime for the next ten years, from 2025 to 2035, and to engage in the budget of fiscal year 26,” said Syed.
Syed also argued for the continuation of the tax rate of the reservoir at 0.25% for companies registered with Pakistan Software Export Board (PSEB) beyond 2026 within the framework of the fixed tax system.
Stressing a disparity in tax rates in the sector, he stressed that computer self -employed people face a tax rate of only 1%, while employee employees can pay up to 35% income tax.
Syed has called on the government to harmonize tax treatment in industry employment categories.
He also underlined the need to facilitate the transfer of currency income, warning that incoherent policies can hinder foreign direct investments in the Pakistan technological ecosystem.
“Without decisive and pro-business reforms, nearly 600,000 jobs in the IT sector could be compromised,” he warned.
