UNDERTAKING

NOT TO WITHHOLD INCOME TAX

21st October, 2019

With reference to amendment made by Finance Act 2017 in Second Schedule Part I Clause 143,
reproduce as under.

“Profit and gains derived by a start up as defined in clause (62A) of section 2 for the tax year in which
the start up is certified by the Pakistan Software Export Board and the following two tax years.”

Clause (62A) of Section 2 is reproduce as under

(62A) start up means,

I. a business of a resident individual, AOP or a company that commenced on or after first day of
July, 2012 and the person is engaged in or intends to offer technology driven products or
services to any sector of the economy provided that the person is registered with duly certified
by the Pakistan Software Export Board (PSEB) and has turnover of less than one hundred
million in each of last five years; or
II. any business of a person or class of persons, subject to the conditions as Federal Government
may, by notification in the Official Gazette, specify.

We undertake that we qualify under the amendment of the Second Schedule Part I of Clause 143 and
we are entitled to exemption from withholding tax u/s 153(1)(a) and u/s 153 (1)(b) of the Income Tax
Ordinance, 2001 under this clause.

Any liability for non-withholding of tax u/s 153(1)(a) and u/s 153 (1)(b) of the Income Tax Ordinance,
2001 will be the responsibility of the M/S Skill Orbit (Pvt) Limited., to handle the matter with in all
respect with the Department of Income Tax in future.

Period of exemption, as per amendment, is from 1 st July, 2017 to 30th June, 2020.

You are requested to please enter this exemption in our vendor profile in your system, to avoid
deduction of income tax under above mentioned section, for the 3 year period and acknowledge.

Thanks & regards,

_________________
M/s. Skill Orbit (Pvt.) Ltd.