12-18-2024, 09:21 PM
Supreme Court Rules Software Payments as Exempt from Tax
The recent ruling by Pakistan’s Supreme Court reclassifying payments for software usage as “business income” rather than “royalties” marks a pivotal moment in the country’s tax law landscape. This verdict resolves a longstanding debate, providing clarity for businesses involved in cross-border software transactions. The case revolved around M/s Inter Quest Informatics Services, a Netherlands-based company, […]
https://taxationpk.com/supreme-court-rul...royalties/
The recent ruling by Pakistan’s Supreme Court reclassifying payments for software usage as “business income” rather than “royalties” marks a pivotal moment in the country’s tax law landscape. This verdict resolves a longstanding debate, providing clarity for businesses involved in cross-border software transactions. The case revolved around M/s Inter Quest Informatics Services, a Netherlands-based company, […]
https://taxationpk.com/supreme-court-rul...royalties/