𝐂𝐨𝐩𝐲𝐫𝐢𝐠𝐡𝐭 𝐑𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐏𝐚𝐤𝐢𝐬𝐭𝐚𝐧: 𝐀 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐆𝐮𝐢𝐝𝐞 Copyright Registration in Pakistan protects original literary, artistic, musical, and other creative and intellectual works. Although protection is automatic upon creation under the Berne Convention (an international treaty that protects the rights of creators of artistic and literary works), registering your work can provide valuable legal evidence and […]
HISTORY OF TAX LAWS IN PAKISTAN AND ITS TYPES. HISTORY OF TAX LAWS IN PAKISTAN In undivided India (now Pakistan, Bangladesh, and India), income tax was first introduced in 1860 through the Income Tax Act, 1860, mirroring the UK’s system. This Act was effective from July 31, 1860, until its repeal on August 1, 1865. […]
General Accounting Mistakes in Businesses, How to Avoid… Accounting is the backbone of any business, ensuring financial stability and compliance with regulations. However, many businesses in Pakistan, particularly small and medium enterprises (SMEs), make accounting errors that can lead to financial penalties and operational inefficiencies. Below are some common accounting mistakes and how to avoid […]
What is NTN and How can we Register NTN. The term NTN stands for National Tax Number in Pakistan, a critical identifier for taxpayers and businesses. Whether you are an individual taxpayer or owner of a business, having an NTN number is essential for filing income tax returns, conducting taxable activities, and availing yourself of tax-related […]
Intellectual Property (IPO) Registration In Pakistan and Worldwide. Intellectual Property (IP) registration is crucial for businesses and individuals as it provides legal protection, economic benefits, and exclusive rights over innovations, trademarks, and creative works. Below are the key reasons why registering IP is important: 1. Legal Protection and Exclusive Rights2. Encourages Innovation and Creativity3. […]
Company Registration in Pakistan: Business Start-up Guide Company Registration in Pakistan is required for Entrepreneurs. Company registration in Pakistan is not merely a formality but a first step that unlocks numerous benefits for entrepreneurs. Legal identity and recognition is one of the basic advantages, providing a business entity with a distinct identity separate from its […]
Some Tax Statistics of 2024-25. Some Tax Statistics of 2024-25January 29, 2025 Over 44% tax filers declare zero income as Pakistan’s tax base remains narrow: Report Total number of Tax filers in 2024-25 Individuals 5,800,000 Associations of Persons (AOPs) 104,269Companies 87,900 Received Tax returns 5.9 […]
Proprietorship vs Partnership (AOP) vs Private Limited Company: A Detailed Analysis. What is a Company? A company is a legally constituted entity established by individuals or organizations to engage in business operations. It exists as a distinct entity, independent of its owners, enabling it to possess assets, assume liabilities, enter into contractual agreements, and function […]
Software House Registration in Pakistan. If you are keen to establish your software house in Pakistan, this blog post is tailored for you. It offers a summary of the registration procedure and essential factors to consider beforehand. Establishing a software house in Pakistan involves multiple stages, such as meeting legal obligations, obtaining tax registration, and […]
SALARY TAXATION IN PAKISTAN DIFFERENCE BETWEEN WAGE AND SALARY Wage: · Payment Basic: Wages are typically paid on an hourly or daily basis. · Fluctuation: The amount earned can vary based on the number of hours worked. Overtime, holidays, and shift differentials can increase total pay. · Job Type: Often associated with jobs where the […]
