The National Assembly’s Standing Committee on Finance has approved a proposal to impose a tax on social media income. According to FBR officials, if dollars are deposited in the bank from YouTube, a withholding tax will be levied there. The country currently earns up to Rs 10 billion from social media.
FBR officials said that a 5 percent withholding tax will be
levied on social media income. The officials also approved a proposal to
abolish the one percent advance tax on exporters.
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