I started my online Freelancing about 3 months ago and I am having a blast! I think I can grow very fast and earn a lot of money online. I had to cross a lot of hurdles already in opening bank account, opening online Payment Processor account and so on simply because I am in Pakistan
The next hurdle in my way is TAXES. I have no idea if online earnings are taxable and if it is, how much tax should be paid?
I did some research and landed on PSEB (Pakistan Software Export Board) website http://www.pseb.org.pk/pseb-programs/facilitation/pseb-registration.html
It says there are alot of benefits of registering with them and the very first benefit as you can see is “Tax exemption on exports of IT services”.
So I want to know some advice from Pakistani community websites who are doing it for some time now and are earning BIG. Please dont tell me “I dont have to Pay Tax because no one does in Pakistan”. Its a matter of personal preference as to who wants to pay tax and who does not want to pay tax.
Really appreciate the feedback from our community! Looking forward to have this post as a detailed guide for taxes in Pakistan.