Tax Consultants in Islamabad

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How to Incorporate a company in Pakistan

To incorporate a company in Pakistan, you can follow these steps: Company Name Reservation: Choose a unique name for your company. Check the availability of the chosen name with the Securities and Exchange Commission of Pakistan (SECP) online or through their office. Submit the name reservation application with the required fee. Preparation of Legal Documents: Prepare the Memorandum of Association (MOA) and Articles of Association (AOA). These documents define the company's objectives, structure, and internal regulations. Determine the share capital, shareholding structure, and appointment of directors. Filing with the SECP: Prepare the incorporation application, including the required forms, MOA, AOA, and other relevant documents. Submit the application to the SECP along with the prescribed fee. Obtaining Digital Signature and National Tax Number (NTN): Apply for a Digital Signature from the National Institutional Facilitation Technologies (NIFT) or any other authorized service pr...
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Taxation in Pakistan

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Taxation in Pakistan is governed by the Federal Board of Revenue (FBR) and the provincial tax authorities. Here are the key aspects of taxation in Pakistan: Income Tax: Individuals, companies, and other entities are subject to income tax on their taxable income. Income tax rates vary based on income brackets and taxpayer types. Employers deduct income tax from employees' salaries through the Pay As You Earn (PAYE) system. Sales Tax : Sales tax is levied on the sale of goods and services at various stages of the supply chain. The standard sales tax rate is currently 18%, with reduced rates for specific sectors. Certain goods and services may be exempted from sales tax. Federal Excise Duty (FED) : FED is imposed on specific goods and services, such as petroleum products, cigarettes, beverages, and luxury items. The rates and applicability vary depending on the nature of the goods or services. Customs Duties : Customs duties are imposed on imports and exports of goods. These duties ...
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company registration service in Islamabad

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