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(Corporate, Tax & Legal Consultants) – Pakistan Based Law Firm
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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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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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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WHAT PRODUCTS/SERVICES ARE SUBJECT TO SALES TAX IN PAKISTAN? Sales Tax in Pakistan is levied at various stages of economic activity at the rate of 0 upto 21 per cent by the government of Pakistan on the following items: all goods imported into Pakistan, payable by the importers; all supplies made in Pakistan by a registered…
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Law applicable in Pakistan is predominantly Inherited from the British, however several amendments and new legislation has been brought in to Pakistan to cater the needs of a more dynamic pakistan, therefore, employing a qualified and experienced lawyer to assist you in the dynamic world Masood & Masood will always stand out for you. The…
2010 Y L R 526 [Lahore] Before Khawaja Muhammad Sharif, C.J. and Ijaz Ahmed Chaudhry, J Kh. ZAHID AHMAD and others—Petitioners Versus THE STATE—Respondent Criminal Miscellaneous No. 9216/B of 2009, decided on 20th August, 2009. Criminal Procedure Code (V of 1898)— —-Ss.498—Penal Code (XLV of 1860), Ss.406/109—Criminal breach…
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2010 M L D 229 [Lahore] Before Ijaz Ahmad Chaudhry, J MUHAMMAD SHAFIQUE—Petitioner Versus THE STATE—Respondents Criminal Miscellaneous No. 8747-B of 2009, decided on 7th August, 2009. Criminal Procedure Code (V of 1898)— —-S.498—Penal Code (XLV of 1860), Ss.419, 420, 467 & 471—Cheating, forgery and using as genuine forged documents—Pre-arrest bail, refusal of—In the present…
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2010 C L D 274 [Lahore] Before Umar Ata Bandial, J ZESHAN JAMIL—Petitioner Versus JUDGE BANKING COURT, FAISALABAD and 2 others—Respondents Writ Petition No. 8096 of 2009, decided on 9th July, 2009. Financial Institutions (Recovery of Finances) Ordinance (XLVI of 2001)— —-S.16(3)—Constitution of Pakistan (1973) Art.199—Constitutional petition—Obtaining property through finance lease—Taking over of possession of…
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BUDGET 2009-10 TAX COMMENTRY ON FINANCE, BILL 2009′ BUDGET 2009-10 TAX COMMENTRY ON FINANCE, BILL 2009 MASOOD & MASOOD (CORPORATE & LEGAL CONSULTANTS) June 13, 2009 MOVING PAKISTAN’S TRAIN The point to remember is that what the government gives it must first take away. ~John S. Coleman, address, Detroit Chamber of Commerce, 1956…
2010 Y L R 512 [Lahore] Before Khawaja Muhammad Sharif, C. J. and M.A. Zafar, J AMJAD ALI—Petitioner Versus THE STATE and another—Respondents Criminal Miscellaneous No. 3811/B of 2009, decided on 12th May, 2009. Criminal Procedure Code (V of 1898)— —-S.497—Penal Code (XLV of 1860), Ss.420, 467, 468,…
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