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Masood & Masood

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Tag: Money Talks

Hotel/Restraunt Registration and Taxation Law in Pakistan

Posted on June 3, 2010 By masood 28 Comments on 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…

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M&M Services

Sole Trader/Sole Proprietorship in Pakistan

Posted on June 3, 2010 By masood 63 Comments on Sole Trader/Sole Proprietorship in Pakistan

 WHAT IS A SOLE TRADER? A sole proprietorship also known as a sole trader/sole owner, or simply proprietorship is a type of business entity which is owned and run by one individual and where there is no legal distinction between the owner and the business. All profits and all losses accrue to the sole owner…

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Business Formations, M&M Services, Sole Trader / Proprieter

What is Capital Value Tax in Pakistan?

Posted on June 3, 2010 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?

Posted on June 3, 2010 By masood No Comments on What is the Process of Trademark Registration in Pakistan?

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

How is the taxation system structured in Pakistan?

Posted on June 3, 2010 By masood No Comments on How is the taxation system structured in Pakistan?

Taxes in Pakistan have a large spectrum which include taxes at muncipal level upto Federal Level. Legislation and Law exists to regulate all type of taxation. A broad description regarding the nature of administration of these taxes is explained below: Direct Taxes Direct taxes primarily comprise income tax, alongwith supplementary role of wealth tax. For the…

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FAQs, Pakistan Taxation

Does a Contract Worker have Employment rights under pakistan law?

Posted on June 3, 2010 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 Steps/Process for Company Formation/Incorporation in Pakistan?

Posted on June 3, 2010 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

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

Posted on June 3, 2010 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

BANKING COMPANIES ORDINANCE, 1962

Posted on May 2, 1962 By masood No Comments on BANKING COMPANIES ORDINANCE, 1962
Pages From Pakistan, Statutes

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