IT enabled services Clause 30AE of Section 2
IT enabled services Clause 30AE : The definition of IT ENABLED services is proposed to be shifted in section 2 of the Income Tax Ordinance, 2001 by inserting a new clause 30AE. Presently the said definition is referred in section 65F which was inserted in Tax Laws (Second Amendment) Ordinance, 2021 dated 24.03.2021. Before this, the said definition was mentioned in clause 133 Part 1 of Second Schedule.
The said definition is as under:
“IT enabled services include inbound or outbound call centers, medical transcription, remote monitoring, graphics design, accounting services, Human Resource (HR) services, telemedicine centers, data entry operations, cloud computing services, data storage services, locally produced television programs and insurance claims processing”.
Cloud Computing services and data storage services are newly inserted IT enabled services through Finance Bill 2021.
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