(Corporate, Tax & Legal Consultants) – Pakistan Based Law Firm
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…
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 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…
COPYRIGHT REGISTRATION IN PAKISTAN Before we explain, the procedure and requirements for copyright registration in Pakistan, it is essential to understand what a copyright actually is? Copyright is literally, the right to copy, though in legal terms “the right to control copying” is more accurate. Copyright are exclusive statutory rights to exercise control over copying…
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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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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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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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…
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…
WHAT IS PROPERTY/REAL ESTATE LAW? Property law is the area of law that governs the various form of ownership in real property (land as distinct from personal or movable possessions) and in personal property, within the common law legal system. In the civil law system, there is a division between movable and immovable property. Movable…
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