Govt announces cash prizes for companies on IT exports
Federal Finance Minister Shaukat Tareen Tuesday announced cash prizes for the companies that would show outstanding exports in Information and Technology (IT) sector.
According to the 24News HD TV channel, Tareen took the decision to give cash prizes to the IT companies on the recommendation of Federal Minister for IT Syed Aminul Haque.
Tareen also announced that one percent of the total IT exports would be allocated for the fund of Software Export Board to develop IT parks and other skill programs.
Amin said the finance ministry had constituted a committee on tax issues of the IT companies and FBR would formulate revised tax interpretations of the companies in consultation with the IT ministry.
The IT minister also assured the foreign investment companies to resolve the issue of transferring their profit to foreign countries on a priority basis.
He also said that they were working to resolve the matters of the opening of foreign currency accounts for IT companies, startups and freelancers.