7. Amendments of Income Tax Ordinance, 2001 (XLIX of 2001). —In the Income Tax Ordinance, 2001 (XLIX of 2001), the following

further amendments shall be made, namely: -

(27) after section 65E, the following new sections shall be inserted, namely: -

            "65F Tax credit for certain persons. - (1) Following persons or incomes shall be allowed a tax credit equal to one hundred per cent of the tax payable under any provisions of this Ordinance including minimum, alternate corporate tax and final taxes for the period, to the extent, upon fulfillment of conditions and subject to limitations detailed as under: -

             (c) Income from exports of computer software or IT services or IT enabled    services as defined in clause (30AD) and (30AE) of section 2 upto the period           ending on the 30th day of June, 2025:                       

      Provided that eighty per cent of the export proceeds is brought into Pakistan in foreign exchange remitted from outside Pakistan through normal banking channels.                          

(2)  The tax credit under sub-section (1) shall be available subject to fulfillment of the following conditions, where applicable, namely: -

(a) return has been filed ;

(b) withholding tax statements for the relevant tax year have been filed in respect of those provisions of the Ordinance, where the person is a withholding agent; and

(c) sales tax returns for the tax periods corresponding to relevant tax year have been filed if the person is required to file Sales Tax Return under any of the Federal or Provincial sales tax laws.

Source:

Sub clause (27) of Clause 7 of the Finance Act 2021 dated June 30, 2021

https://download1.fbr.gov.pk/Docs/2021751375221891FinanceAct2021.pdf