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Govt Proposes to Impose 12.5 Percent FED on Internet Services

From the Blog propakistani The government has proposed the withdrawal of exemption of Federal Excise Duty (FED) on internet services and foreign satellite bandwidth service in the Finance Bill 2019-20. According to the budgetary documents, the government has proposed the withdrawal of exemption of FED on internet services and foreign satellite bandwidth service. Telecom services provided in Islamabad Capital Territory are subject to FED under the Federal Excise Act, 2005. However, internet services are presently exempt from payment of FED under Third Schedule to the Federal Excise Act, 2005. Further, bandwidth services are also exempted from payment of FED. In order to protect local services providers, it is proposed to withdraw exemption on services provided by foreign satellites and maintain exemptiopakistanblogs.blogspot.comRead Full PostComments

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