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Legal humour Archives - Page 2 of 2 - MASOOD & MASOOD

Tag: Legal humour

What are the Federal Taxes Applicable in Pakistan?

Posted on By masood 2 Comments on What are the Federal Taxes Applicable in Pakistan?

Following are major taxes collected vide law and legislation levied by the Pakistan Federal government. Federal Government Taxes: Income Tax Super Tax Wealth Tax Gift tax Turnover Tax Corporate Asset Tax Corporate Income Tax (A) Import Duties Import Surcharge Export Duties Iqra Surcharge Income Tax on imports Import Licence Fee Import Registration Fee Export Registration Fee…

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FAQs, Pakistan Taxation

How can a company / person purchase /acquire a Real Estate in Pakistan Law?

Posted on By masood No Comments on How can a company / person purchase /acquire a Real Estate in Pakistan Law?

Purchasing  a real estate in Pakistan can be atricky process due to lack of a standardised system,therefore,  a complete and thorough search in respect of title of the seller to the real estate must be carried out. A general practice is to investigate title of the current vendor and any previous owner(s) for the last…

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FAQs, Real Estate

What is Capital Value Tax in Pakistan?

Posted on By masood 12 Comments on What is Capital Value Tax in Pakistan?

Capital Value Tax on Real Estate Related Transactions in Pakistan  A Capital value tax at the rate of 2 percent of recorded value has been levied vide Finance Act, 2006. This is applicable in urban areas for residential property exceeding an area of one kanal and in case of commercial properties without any threshold of…

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FAQs, Pakistan Taxation, Real Estate

What is the Process of Trademark Registration in Pakistan?

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Following are the Steps for trademark registration in pakistan: Search before filing of Application. Filing of Application. Preliminary Examination. Final order for Publication. Printing in Trademarks Journal. Opposition Procedure. Issuance of Registration Certificate. Renewal of the Registration. Post Registration matters. Rectification Procedure.

FAQs, Trademarks in Pakistan

Does a Contract Worker have Employment rights under pakistan law?

Posted on By masood 2 Comments on Does a Contract Worker have Employment rights under pakistan law?

While Article 18 of the Constitution affords every citizen with the right to enter upon any lawful profession or occupation, and to conduct any lawful trade or business, the Industrial and Commercial Employment (Standing Orders) Ordinance was enacted in 1968 to address the relationship between employer and employee and the contract of employment. The Ordinance…

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FAQs, Labour Matters

What are the types of Businesses a person / company can start in Pakistan?

Posted on By masood No Comments on What are the types of Businesses a person / company can start in Pakistan?

A person who intends to start/form a business in pakistan can work as any of the following given proper approvals and licenses are acquired by the individual/person : A sole trader A sole service provider A partnership (partnership can be from two members to twenty members) usuall  Doctors, Accountants and Lawyers An association not for profit A…

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Business Start-Up, FAQs

What are the Steps/Process for Company Formation/Incorporation in Pakistan?

Posted on By masood 1 Comment on What are the Steps/Process for Company Formation/Incorporation in Pakistan?

The Steps to formation/incorporation of a company in pakistan are as follows; Seek Approval from the concerned ministry if special permission before incorporation/formation of a  company in Pakista is required Seek approval for the availability of the proposed name. File  a range of documents to the Registrar which varies from company to company depnding on whether it is a single member company,…

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Business Start-Up, FAQs