Starting a business in Pakistan is an exciting opportunity, but turning a business idea into a properly registered and compliant company requires careful planning. Company registration in Pakistan involves selecting the right business structure, reserving a company name, preparing incorporation documents, registering with the Securities and Exchange Commission of Pakistan (SECP), and completing relevant tax...
Filing your income tax return in Pakistan becomes much easier when your financial information is organized before you open FBR IRIS. Many taxpayers start the return first and then try to remember their salary, bank balances, property, investments, expenses, and tax deductions. That approach can create mistakes, especially when the return also includes a Wealth...
Earning income from more than one source is common in Pakistan. A person may have a salary, rental income from property, profits from a business, dividends, bank profit, or capital gains from the sale of shares or property—all within the same tax year. The challenge is not simply calculating the total amount earned; each source...
Changing a business structure can be an important milestone for a growing business in Pakistan. A sole proprietorship may become a partnership, an Association of Persons (AOP) may be converted into a company, or an existing business may be reorganized for expansion, investment, liability management, or succession planning. But once the legal structure changes, the...
Making a mistake while filing your income tax return can be stressful, especially when the incorrect income entry has already been submitted through FBR IRIS. You may have entered the wrong salary amount, business income, property income, bank profit, foreign income, or another source of income. The good news is that FBR provides a mechanism...
Filing your income tax return in Pakistan becomes much easier when your financial information is organized before you open FBR IRIS. Many taxpayers start the return first and then try to remember their salary, bank balances, property, investments, expenses, and tax deductions. That approach can create mistakes, especially when the return also includes a Wealth...
Earning income from more than one source is common in Pakistan. A person may have a salary, rental income from property, profits from a business, dividends, bank profit, or capital gains from the sale of shares or property—all within the same tax year. The challenge is not simply calculating the total amount earned; each source...
Changing a business structure can be an important milestone for a growing business in Pakistan. A sole proprietorship may become a partnership, an Association of Persons (AOP) may be converted into a company, or an existing business may be reorganized for expansion, investment, liability management, or succession planning. But once the legal structure changes, the...
Making a mistake while filing your income tax return can be stressful, especially when the incorrect income entry has already been submitted through FBR IRIS. You may have entered the wrong salary amount, business income, property income, bank profit, foreign income, or another source of income. The good news is that FBR provides a...
How to Declare Capital Gains in Your Pakistan Tax Return If you sold a property, shares, securities, or another capital asset during the tax year and made a profit, one question quickly comes to mind: where does that profit go in your Pakistan income tax return? Capital gains can look deceptively simple. You purchased something...
What Is Rental Income Under Pakistan Tax Law? Rental income is one of the important sources of taxable income that individuals, businesses, and other taxpayers may need to report in Pakistan. If you own a house, apartment, shop, office, warehouse, plaza, or another property and receive rent from it, that income generally needs to be...
If you own a house, apartment, shop, office, warehouse, plaza, or another rentable property in Pakistan, receiving rent can create an important income tax filing obligation. Many property owners receive monthly rent through a bank account or in cash but are unsure where that income belongs in their FBR tax return, what expenses can be...
Copyright by G. Ali & Co. All rights reserved.
Copyright by GAliCo. All rights reserved.
