Pakistan Taxation Law

Income Tax

Income Tax in Pakistan is one of the top most contributors to Tax income of government of Pakistan. Many changes in taxation has been introduced to promote income tax registered persons as opposed to non-registered persons.   Taxation according to a person’s ability to pay is universally accepted principle, and income is considered a satisfactory though not […]

Company Incorporation FAQs Foreign Investment In Pakistan Investment in Pakistan

How to do Foreign Investment in pakistan?

Various Corporate structures are available for setting up a place of business in Pakistan for which Masood and Masood, Corporate and Legal Consultants can gice you the best advice in all of Pakistan Law Firms. In terms of the Investment Policy of the Government of Pakistan, there are three (03) ways, whereby, a foreign company may […]

FAQs Pakistan Taxation

Has Pakistan entered into Agreement for Avoidance of Double Taxation with other countries?

The Government of Pakistan has so far signed agreements to avoid double taxation with 47 countries including almost all the developed countries of the world and such agreements are being signed with other countries as well. These agreements lay down the ceilings on tax rates applicable to different types of income arising in Pakistan. They also […]

A Taste of Humour Cross Examination

In Lawyers we Trust

A defense attorney was cross-examining a police officer during a murder trial – it went like this: Q. Officer, did you see my client fleeing the scene? A. No sir, but I subsequently observed a person matching the description of the offender running several blocks away. Q. Officer, who provided this description? A. The officer […]

M&M Services

Hotel/Restraunt Registration and Taxation Law in Pakistan

Hotel/Restraunt Registration is mandatory for a food supplier in order to commence business in Pakistan. In Pakistan Law relating to food items which may or may not be served in hotels and restraunts is administered under various statutes and rules.The Pakistan Hotels and Restaurants Act, 1976 and The Pakistan Hotels and Restaurants Rules, 1977 were incorporated for […]