Stock options are a form of employee compensation that gives an employee the right to buy or sell a certain number of shares of a company’s stock at a set price within a specific time period. The taxation of stock options in Pakistan is governed by the Income Tax Ordinance, 2001, and the rules made […]
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A holding company is a type of company that does not engage in active business operations but instead owns and controls other companies. Holding companies are often used for the purposes of investment, to manage and consolidate assets, and to facilitate mergers and acquisitions. In Pakistan, holding companies are subject to taxation under the Income
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A joint venture (JV) is a business agreement in which two or more parties combine their resources to undertake a specific business venture. In Pakistan, joint ventures are common in various sectors such as infrastructure, construction, energy, and technology. The taxation of joint venture companies in Pakistan is governed by the Income Tax Ordinance, 2001
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Introduction: A Limited Liability Company (LLC) is a business structure that combines the liability protection of a corporation with the tax benefits of a partnership. In Pakistan, LLCs are registered under the Companies Act, 2017. The taxation of LLCs in Pakistan is governed by the Income Tax Ordinance, 2001. Definition of Limited Liability Company: A
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In Pakistan, the taxation of inheritance and estate is governed by the Income Tax Ordinance, 2001, and the rules made thereunder. Inheritance is the transfer of property, money, or assets from a deceased person to his/her heirs, while estate refers to the total assets of a deceased person, including property, cash, investments, and other assets.
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In Pakistan, taxation of gifts and donations is governed by the Income Tax Ordinance, 2001, and the rules made thereunder. A gift is a transfer of property from one person to another without any consideration or compensation, while a donation is a voluntary contribution of money or property made to a charitable organization or a
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In Pakistan, taxation of insurance premiums is governed by the Income Tax Ordinance, 2001, and the rules made thereunder. Insurance premiums are payments made by individuals or businesses to insurance companies to obtain coverage against various types of risks, such as loss or damage to property, illness, or death. Under the Income Tax Ordinance, 2001,
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In Pakistan, taxation of pension funds is governed by the Income Tax Ordinance, 2001, and the rules made thereunder. A pension fund is a type of investment vehicle that is designed to provide income to individuals during their retirement years. The fund is usually managed by a professional investment manager who invests the assets of
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Taxation of retirement benefits in Pakistan is governed by the Income Tax Ordinance, 2001, which is administered by the Federal Board of Revenue (FBR). Retirement benefits include any payments received by an employee upon retirement, including gratuity, pension, commutation of pension, and other similar payments. In this article, we will discuss the basic concepts, definitions,
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In Pakistan, bonuses and perks are considered a part of an employee’s income and are subject to taxation. In this article, we will discuss the taxation system for bonuses and perks in Pakistan in detail. Definition of Bonuses and Perks: A bonus is an additional payment made to an employee on top of their
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