Introduction: Complying with tax laws is crucial for individuals and businesses in Pakistan to ensure legal and ethical practices and contribute to the country’s economic growth. This guide aims to provide a detailed overview of how to stay compliant with tax laws in Pakistan. Definitions: Taxation: Taxation refers to the process of levying and collecting […]
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Introduction: Registering a foreign company in Pakistan requires compliance with specific legal requirements set forth by the country’s regulatory authorities. The process ensures transparency, accountability, and adherence to business laws. Definitions: Foreign Company: A foreign company refers to an entity incorporated outside Pakistan, intending to establish a presence or conduct business activities within the country.
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Introduction Company registration is a crucial step for businesses in Pakistan, as it establishes legal recognition and protection for the entity. While the process may appear straightforward, the intricacies of Pakistani corporate law and bureaucratic procedures can be challenging to navigate without proper legal guidance. This is where hiring a competent lawyer becomes crucial. A
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Introduction: Once a company is registered in Pakistan, it becomes subject to various legal obligations and responsibilities. These obligations ensure that the company operates in accordance with the law, maintains transparency, protects the interests of stakeholders, and contributes to the overall economic and regulatory framework of the country. Definitions: Registered Company: A registered company is
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Introduction: Registering a company is an essential step towards establishing a legal entity in Pakistan. The process ensures that the company operates within the framework of the law and provides a structured environment for conducting business. This article aims to provide a detailed overview of the legal requirements for company registration in Pakistan, including definitions,
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SECTION 51 FOREIGN SOURCE INCOME OF RETURNING EXPATRIATES The Income Tax Ordinance in Pakistan provides certain exemptions to returning expatriates for foreign source income earned by them during their stay outside of Pakistan. This is provided under Section 51 of the Ordinance, which allows a certain period of exemption for foreign source income earned
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A society and a trust are two legal entities in Pakistan that have different purposes and functions. Both are non-profit organizations, but they are governed by different laws and regulations. In this article, we will discuss the differences between a society and a trust in Pakistan. Society in Pakistan A society is a non-profit
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