Netflix Ordered to Pay Rs. 200 Million Income Tax by FBR
the Netflix has received a notice from the Federal Board of Revenue (FBR) for the recovery of income tax exceeding Rs. 200 million.
Netflix is a streaming service available on thousands of internet-connected devices that provides access to a vast selection of award-winning TV series, films, animation, documentaries, and more.
According to the details, Netflix has given different plans ranging from Rs. 250 to Rs. 1,100 a month to its viewers, and viewers living in Pakistan also got Netflix subscriptions.
Additional Commissioner CTO Islamabad has generated a demand of over Rs. 200 million in two different years as per section 6 of ITO, 2001.
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The company has declared Rs. 1.3 billion in revenue during the tax year 2021 alone just in Pakistan, sources added.
Sources said that Netflix and some other companies are providing offshore digital services without having their offices in Pakistan.
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The FBR had served notice to the Netflix Singapore office whereas it also established an office in the Netherlands earlier, sources added.