The AJK Government Declares No Income Tax for Its IT Sector

Azad Kashmir Prime Minister (PM) Sardar Tanveer Ilyas said it was decided that there would be no income tax for the IT sector.
The Government of Jammu and Kashmir has announced a special package for the IT sector and other industries.

Azad Kashmir Prime Minister (PM) Sardar Tanveer Ilyas said the AJK government has decided to introduce zero income tax for his IT sector.

Vacant land and buildings for the IT industry are also made available by the government. The companies exporting up to 20% within the IT industry receive incentives and tax exemptions from the government.

He also said that an IT Center of Excellence will be established in Rawalakot Azad Kashmir. A project under construction for an IT Center of Excellence will start in Muzaffarabad. It will be up and running by the end of this month. Cheaper electricity tariff which is Rs according to Sardar Tanveer Ilyas. 3 per unit is given to the industry. Azad and Kashmir have halved excise duty, and reduced withholding tax. The eliminated tax on regular vehicles, and reduced excise tax on hybrid vehicles by up to 12%.

Azad Kashmir’s taxpayer count increased from 5,000 to 37,000. These decisions and actions by the Kashmir government directly focus on an environment conducive to the industry, with the main reason for expanding. The industry and creating higher employment opportunities, AJK-PM said.

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