Allowed Deductions in Freelance Income - Pakistan

Allowed Deductions in Freelance Income - Pakistan

Blog Article

Deductions are allowed in freelance income only for local service providers. If you’re exporting services outside Pakistan, you’re not allowed for any deductions. To minimize your freelance tax liability, it’s essential to understand the available deductions from freelance income in Pakistan. Some common deductions in freelance income include:

Professional expenses: Costs related to your work, such as software licenses, internet fees, and office supplies.

Travel expenses: Expenses click here incurred for business travel, including airfare and accommodation.

Health insurance premiums: Payments made for health insurance coverage.

Donations to approved charitable organizations.

Other Expenses: Other expenses incurred for running the business like salaries, rent, utilities bills etc as discussed in deductions allowed in business income.

Report this page