Author: Advocate Shahid

In the opinion of Advocate Shahid (Best Tax Consultant in Lahore). Registration of trademarks in Pakistan is under the protection of the Intellectual Property Organization (IPO-Pakistan), which safeguards brand name, logos, and symbols, within a period of 10 years (renewable). This will require a search, application filing, examination, publication, and registration and thus will take…

Partnership Firm Registration in Lahore Pakistan: One of the most frequent of legal business formations in Pakistan is to start up a business with one or more partners. From establishing a trading company to a consultancy, a law firm to a construction firm, or a retail store to a trading shop, registering a partnership business…

An Association of Persons (AOP) is a group of Two or More Persons who come together to carry on a business, profession, or other income-generating activity. Under Pakistan’s Income Tax Ordinance, 2001, a registered partnership firm is generally treated as an AOP for taxation purposes. Legal & Tax Registration Business Registration FBR Registration How AOPs…

Entrepreneurs face one of the most significant business decisions—the selection of the proper legal entity in which to structure their business—as they pursue their exciting venture into entrepreneurship. Company Incorporation in Pakistan is the legal procedure of establishing a company as a legal entity in accordance with the relevant corporate legislations of Pakistan. The company…

In the view of Advocate Shahid (Tax Expert in Lahore). One has to be registered as a Sole Proprietor Registration in Lahore, Pakistan and this is quite easy and fully online through the FBR IRIS portal and one individual can register and exercise full liability in the business. You will require valid CNIC, unique business…

As pointed out by Advocate Shahid (Corporate Tax Lawyer & Advisor in Lahore). Starting a business in Lahore without professional guidance costs the average entrepreneur 6–12 weeks in delays — and that’s before a single rupee of revenue. If you’re planning to launch a company in Pakistan’s commercial capital, business registration services in Lahore will…

One of the important regulators, who are regulating several aspects of the corporate and financial landscape of Pakistan is Securities and Exchange Commission of Pakistan (SECP). It regulates the corporate, the capital markets, the insurance sector and non-bank financial companies (NBFCs). SECP further has an important role in the company regulations, corporate compliance and investor…

Pakistan Single Window (PSW) is Pakistan’s single integrated e-platform for cross border trade. It streamlines trade information and documents for traders and other authorized users by submitting all trade data and documents in one electronic entry point rather than multiple paper-based processes, individually. If you already have an account with PSW, then login to the…

The registration is done online through the Iris portal with the Federal Board of Revenue (FBR) of Pakistan (iris.fbr.gov.pk). You will be required to give out valid CNIC, working mobile number, and email address. People are issued with National Tax Number (NTN). A business will also be required to apply and acquire a Sales Tax…

As mentioned by Advocate Shahid (Tax Attorney and Consultant in Lahore). The National Tax Number (NTN) is a single identification number that is issued by the Federal Board of Revenue (FBR). It is allocated to both individuals, identified by a 13-digit CNIC, and businesses, identified by a 7-digit number, in Pakistan to comply with taxes….

In order to obtain Sales Tax Registration Number (STRN) in Lahore, Pakistan, visit online the Iris Portal of the FBR at https://iris.fbr.gov.pk. Fill in Form 14(1) under the Registration menu. You will require a valid NTN, CNIC, bank account certificate, evidence of possession or rental agreement and GPS tagged photographs of your premises. Steps to…

As outlined by Advocate Shahid (Tax Expert and Advisor in Lahore). It is possible to file sales tax return in Pakistan online on the portal FBR IRIS (iris.fbr.gov.pk). The users are required to fill in their STRN and fill in Annexure C (sales) and Annexure A (purchases). A PSID should prepare a payment of the…