ISLAMABAD – The Federal Board of Revenue (FBR) has issued a tax notice to popular streaming platform, Netflix, to recover millions of rupees in wake of tax it generated from Pakistan.
The top tax authority has sent the notice to the American company’s Singapore office, directing them to pay Rs200 million in tax on income to two previous years.
Reports claimed that Netflix earned over Rs1 billion in Pakistan only in year 2021 as it has huge number subscribers in the South Asian country.
The notice was issued Corporate Tax Office, Islamabad, to the company, which is yet to comment on the development.
Netflix is a streaming service that offers a wide variety of award-winning TV shows, movies, anime, documentaries, and more on thousands of internet-connected devices.
Users can watch Netflix on their smartphone, tablet, Smart TV, laptop, or streaming device, all for one fixed monthly fee. The Plans range from Rs250 to Rs1,100 a month.
Grab Netflix subscription in Pakistan for as low as Rs250 per month
