The definition of IT Services and IT Enabled Services has been moved from Table-2 to Table-1 of the Islamabad Capital Territory (Tax on Services) Ordinance 2001. This is a positive development, as it will help to protect the legality of taxation and streamline the taxability of these services.
The previous definition of IT Services and IT Enabled Services was vague and open to interpretation. This led to uncertainty and confusion among taxpayers and tax authorities. The new definition is more specific and comprehensive, which will help to reduce uncertainty and ensure that these services are taxed in a fair and consistent manner.
The new definition is also more harmonized with the definition of IT Services and IT Enabled Services used in other tax laws, such as the Income Tax Ordinance 2001. This will help to ensure that taxpayers are treated consistently across different tax laws.
The move of the definition of IT Services and IT Enabled Services to Table-1 is a positive development that will benefit taxpayers and tax authorities alike. It will help to protect the legality of taxation, streamline the taxability of these services, and ensure that taxpayers are treated consistently across different tax laws.
