The government presented the budget proposals on Friday, June 10, 2022, for the fiscal year 2022-23. The total federal budget outlay is Rs 9,502 billion. Upon approval from the National Assembly of Pakistan, the following will be incorporated into the new finance act. INCOME TAX ORDINANCE 2001: Relief measures: The fixed tax regime for retailers …
STEPS BY STEP GUIDE ON INCORPORATION OF PRIVATE LIMITED COMPANY IN PAKISTAN PRIVATE LIMITED COMPANY: A Private Limited Company is a legal person in the eyes of law. Therefore in case of any legal issue, the case or legal proceedings can only be initiated against the company and not the owners. A Private Limited Company …
Guide on the incorporation of the private limited company in Pakistan. Read More »
Table of Content: Easy to get started Partnership-advantages Sharing the burden Access to knowledge, skills, experience, and, contacts Better decision making Privacy Ownership and Control combined More partners, more capital Easy to access profits Wide range of opportunities. How to Register a Partnership: You can opt to register a Partnership Firm or Business in Pakistan. …
Guide Incorporating a Single Member Company (Pakistan): Single Member Company is incorporated with only one member and consequently has only one owner. It’s a private company having share capital limited by shares. The following documents are required to form Single member company are as follows: Name of Company or Business. Copy of CNIC OF Director …
HOW TO BECOME A FILER – COMPLETE GUIDE: Open the FBR IRIS portal, click on registration for an unregistered person, and give all relevant information. Open the IRIS portal again and click on e-enrolment from the different options. Enter all the details such as CNIC, and mobile number to complete the registration process. Login to …
A company is a separate legal entity: Advantages of Incorporating a Company: A company is a separate legal entity and distinct from its directors and shareholders. A company has many of the same legal rights and responsibilities as a person, like entering into contracts, the right to sue or be sued, borrowing money, paying taxes …
Advantages of Incorporating a Company in Pakistan and four types of companies Read More »
Active Tax Payer: The Active Tax payer list is a central record of online Income Tax Return filers for the preceding tax year. As defined in the Ordinance, a tax payers whose name appears in the active tax payer list issued by FBR. A non-filer person is not a filer. A person’s name will be …
When one starts a business, Everyone needs Bookkeeping for Startups. A decision must be made to do the heavy lifting and handle accounting on your or to find some help. As an owner, you may become quite busy in the daily running of your company, and may not pay too much attention to the complicated …
