Foreign remittance tax exemption case: ATIR grants relief to software exporter

Foreign remittance tax exemption case: ATIR grants relief to software exporter

ISLAMABAD: In a major development for Pakistan’s information technology export sector, the Appellate Tribunal Inland Revenue (ATIR) has passed a landmark order, providing meaningful tax relief to a software exporter whose foreign remittance income under exemption schedule of the Income Tax Ordinance, 2001, had been subjected to arbitrary addition by the tax department. The ATIR documents revealed that the IT Exporter Majaz Elahi through lawyer W…