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Tax cut for telecom sector in upcoming budget

Tax cut for telecom sector in upcoming budget Cabinet grants status of industry to telecom sector A senior govt official said the spectrum strategy would provide a roadmap to the operators and manufacturers for investment in the telecom sector. PHOTO: FILE ISLAMABAD: The government on Thursday announced that it would reduce taxes on the telecom sector in the upcoming budget in order to give a boost to the information technology industry. On recommendations of the Ministry of IT and Telecommunication, the federal cabinet has approved the grant of industry status to the telecom sector and a gradual reduction in heavy taxes on the sector and mobile phone users.

Govt's Tax Incentives for Telecom Industry and Users to Come into Effect from July

The government has announced massive tax incentives packages for the telecom sector. However, while addressing a press conference here on Thursday, the