Category: Islamabad

Liaison Office in Pakistan Liaison Office is established by a foreign company for promotion of product(s), provision of technical advice & assistance, exploring the possibility of joint collaboration and export promotion. However they cannot undertake any commercial and trading activities. Above definition of Liaison office is defined by Board of Investment in Pakistan who register…

How to de-register from income tax or in simple words how to cancel or delete National Tax Number NTN in Pakistan? This question arose in many tax payer especially who registered AOP and Companies. As once closed business they required to do so. In Income Tax Rules there is no rule specific for this purpose.…

To a query whether sales tax de-registration and cancellation are same things, sources said that under rule 11 of the Sales Tax Rules, de-registration and cancellation of registration are entirely two different things. The registered persons have to follow a detailed procedure for obtaining de-registration certificates. Once a person is de-registered, his sales tax registration…

Authorize Capital Fee Difficult Closure of Company Fee High Professional Tax WHT Agent Minimum Tax Provision Advance Tax applicable ACT (Alternative Corporate tax ) Update about Address Double Taxation Corporate Tax Alteration in Memorandum required for change in Business Activity UBO Compliances Lack of Secrecy Annual Return Form A/29 Appointment of Auditor Legal Advisor Financial…

Through this link you may calculate PEC FEE http://221.120.235.62:8001/ Contractor Fee S. No. PEC License Category License Project Limit Annual / Renewal fee 1. C6 2.5 Million Rs 15,000 2. C5 6.5 Million Rs 30,000 3. C4 20 Million Rs 45,000 4. C3 50 Million Rs 75,000 5. C2 100 Million Rs 1,25,000 6. C1…

Its common question arise once you registered a company without knowing the compliances of the corporate sector. After realization of the fact, wise individuals decided to wind-up company as earliest as possible to keep save themselves from further risk of mandatory obligations and liabilities arose because of continuation of company. There is misperception in many…

Every individual can do below mentioned changes in NTN issued by FBR. There are few changes which can be done online and you don’t required to visit your concerned tax office. A person can change their registration information recorded for filing Income Tax Return in three (3) possible ways. Changing information through Iris, a person…

WithHolding Agents are those who collect tax on behalf of FBR and deposit in Government Accounts. Every incorporated Company is WHT Agent in Pakistan. While in case of AOP And sole Proprietor whose turnover is more than 50 Million fall in WHT Agent list. Section 153(9) of Income Tax Ordinance  In this section, – “prescribed…

A new addition in form of business registration legally in Pakistan is Limited Liability Partnership. The word limited doesn’t mean to be limited scope. It actually limited your legal compliance. Every business man desire to do business with limited liability as it mitigate the risk factor and less legal compliance that save time and energy.…

Limited Liability Partnership  (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. In Pakistan the concept of Limited Liability Partnership was introduced in 2017. Limited Liability Partnership Act, 2017 was promulgate in 2017 and later on rules regulations were formulated for LLP registration in Pakistan. Limited Liability Partnership…