Islamabad Accountants

PROFESSIONAL TAX
Professional Tax is implemented under the Finance Act 1977. It is a tax levied and collected with respect to earning or income from any profession, trade, calling or employment for each financial year in addition to any tax, rate, duty or fee that may be payable under any other law.
History of Professional Tax

It was properly levied in 1964 as PKR. 30/- for every Profession, Trade, Calling and Employment under Punjab Finance Act, 1964 but it was made a proper shape under the Punjab Finance Act, 1977 and 6 different categories were defined first time. The maximum limit of the levy-able tax was PKR. 5000/-. But the latest position of the said tax was finalized in 1999 as follows:
The amendment in the Limitation Act, 1941 made by Federal Parliament, vide section 2 of the Federal Finance Act, 1999, the amendment made in the second schedule to the Punjab Finance Act,1977 vide section 6 of the Punjab Finance Act, 1977 had become redundant. Therefore, the Government of Punjab had stopped making assessment and recovery of professional tax once levied on the basis of payable income tax at the rate of 1% under the provision of section 6 of the Punjab Finance Act, 1977 and had reverted back to the previous schedule forming the basis of assessment of professional tax in accordance with the amendment made by the Federal Parliament in the Limitation Act of 1941 vide section 2 of the Federal Finance Act of 1999 and subsequent enactment to this effect from 01.07.1977 instead of 01.07.1999 by the Punjab Government in complete adherence to the provision of section 4 of the Federal Finance Act, 2006.

Under Article 163 of the constitution of 1973, Tax on professions, trade, callings or employment is a provincial levy. Therefore, all functional establishments/units of the registered in business/professional activities in the province of Punjab are liable to be assessed to professional Tax under Section 3 of the Punjab Finance Act, 1977 and the second schedule made there under. In this context it is further submitted that vide section 4 of the Federal Finance Act of 2006 the Federal parliament has given effect to the said amendment in the Limitation Act of 1941 from 01.07.1977 instead of 01.07.1999. Therefore, the charge of professional tax up to the limit of PKR. 100,000/- in respect of assesses has been lawfully held valid with effect from 01.07.1977.

STEP – 1:
It can be initiated by two methods which are:
Applicant visits Excise & Taxation Department for the payment of concerned tax.
OR
Deputed official inspects the offices in different areas of Islamabad and deliver notices to tax defaulters.

STEP – 2:
Following documents are submitted by the applicant:
Applicationto ETO on office Letter pad.
Copy of CNICof tax payer.
National Tax Number(NTN)
Proof of SECP Registration/Registration in Registrar Office/Any authorized Registration.
Leasing Agreementof the Office.
Monthly Salary Sheetof the employees / Staff.
Income Tax(IT) and Sales Tax (ST) returns of current/previous year.
Deposited Fee Challan.

STEP – 3:
Tax amount should be deposited in State Bank of Pakistan (SBP), Islamabad / National Bank of Pakistan (NBP), E&TD branch, Islamabad in Account No: B01601. The rate of the professional tax is mentioned below:

REVISED PROFESSIONAL TAX RATES:

S. No.: Categories Fee Amounts (Rs.)/annum in ICT
1. Companies registered under the Companies Act 2017 having:
a. Capital upto PKR 5 million but not exceeding PKR 10 million 7,000/-
b. Capital exceeding PKR 10 million but not exceeding PKR 50 million 18,000/-
c. Capital exceeding PKR 50 million but not exceeding PKR 100 million 35,000/-
d. Capital exceeding PKR 100 million but not exceeding PKR 200 million 80,000/-
e. Capital exceeding PKR 200 million 90,000/-
f. Employees not exceeding 10 1,000/-
g. Employees exceeding 10 but not exceeding 25 2,000/-
h. Employees exceeding 25 5,000/-
2. Lawyers 1,000/-
3. Members of Stock Exchanges 5,000/-
4. Money Changer 3,000/-
5. Motorcycle Dealers 5,000/-
6. Motor Car Dealers & Real Estate Agents 10,000/-
7. Health Clubs, Gymnasiums & Others 5,000/-
8. Recruiting Agents 10,000/-
9. Jewelers, Departmental Stores, Electronics Goods Stores, Cable Operators, Printing Press and Pesticide Dealers 1,000/-
10. To***co Vendors – Wholesalers 2,000/-
11. Medical Consultants or Specialists and dental surgeons 5,000/-
12. Registered Medical Practitioners 2,000/-
13. Others 1,000/-

STEP – 4:
In return, Professional tax Certificate will be issued, which is dually signed by concerned official and Excise and Taxation Officer.

STEP – 5:
The Professional Tax Certificate is renewed in the month of July of every year and procedural requirements of the Certificate renewal is as under:
Applicationfor Renewal on authentic letter pad.
Copy of last paid Certificate.
Paid Challanof the due tax amount.

Company Annual Dinner

Step wise Requirements for Registration of a New Company are as under:
Any person desirous of forming a company shall have the options to file the application either:-
(i) Physical application as per Companies (Incorporation) Regulations, 2017 or;
(ii) Online application through e-service available at
https://eservices.secp.gov.pk/eServices
The first step with regard to incorporation of a company (either online or in physical form) is to seek the
availability of the proposed company name from the registrar.
Physical Submission of application for Name Availability
Stepwise procedure for physical submission of application is as follows:
1. Download and fill the Inc-Form-1. https://www.secp.gov.pk/company-formation/formsapplicationsschedule-of-filling-of-returns/applications/
2. Submit the Inc-Form-1 with the registrar at any of our Company Registration Offices, located at
nine different cities https://www.secp.gov.pk/contact-us/.
The registrar, if satisfied shall issue name availability letter and reserve the name for a period of sixty
days from the date of issuance of the name availability letter.
The applicant after obtaining name availability letter can apply for incorporation of a company. For ease
of reference you may visit Companies (incorporation) regulations, 2017 available at
https://www.secp.gov.pk/laws/regulations
Online submission of application for Name Availability and Incorporation of the Company
Stepwise procedure for online submission of application is as follows:-
USER Registration
Before processing online application for seeking name availability and incorporation, Personal
Identification Number (PIN) is required to be obtained for registration of user through following
procedure:-
1. Click https://eservices.secp.gov.pk/eServices/
2. Click Sign up for National or Foreign/POC holder for the new user
3. Fill the form by providing the required information
Upon successful completion of the form, user will receive a 4 digits PIN code on the provided
email address and cell phone number. The PIN code received by the user shall be used to
electronically sign the processes/forms.
Note 1: - Please also note that the CNIC/passport number and password provided at the time of
signup will be the user ID and the password for subsequent use.
Note 2: - If a company is having more than one subscriber, then each subscriber shall create his
separate User ID and password in the same manner for digitally signing the incorporation form.
Login to eServices
1. After obtaining PIN, Click https://eservices.secp.gov.pk/eServices/
2. Login by entering CNIC and password
3. Following list of available processes will appear.
i. Company Name Reservation
ii. Name reservation and incorporation (combined)
iii. LLP Name reservation
iv. Name reservation and incorporation LLP.
Note: User can choose the option for name reservation and incorporation (combined process) wherein process for
name reservation and incorporation can simultaneously be submitted. However, this facility is not available to the
foreign companies and the companies where prior approval of the Commission/Other authority is required.
Name Reservation and Company Incorporation
(i) Application and fee payment details:
For name reservation or name reservation and incorporation (combined), in data input
page, provide three proposed names of company, its significance along with company kind
and principal line of business in drop down menu. Select the desired kind of company and
ensure that the information is correctly entered.
Select the mode of payment from the drop down option to make payment through:
• bank challan
• credit card
• ADC ePayment (1link member banks, easy paisa, mobile banking, ATM and internet
banking)
In case you choose “bank challan”, then click on “locate bank”, select “bank name”, enter
“city name”, click “search button” and select the bank branch from the available branches
of MCB Bank Limited or United Bank Limited.
(ii) Company information:
In this section enter company information such as registered office/correspondence
address, telephone number, email address and principal line of business.
(i) Authorized & Paid up Capital:
Authorized capital means such capital as is authorized by the memorandum of the company to be
the maximum amount of share capital of the company. A company cannot raise more capital than
authorized by its memorandum. A company can be registered with the minimum authorized capital
of Rs. 100,000 (on which minimum fee shall be charged).
Paid up capital means an amount of capital which is actually taken up by the members and
subscribers of the company.
(iv) Subscriber / Director/ chief executive details:
Enter the particulars of subscribers, directors, chief executive in this section, to create and
remove rows in the data entry form “add” and “remove” buttons have been provided in the
system.
(v) Applicant/ Declarant Details:
In this section enter name, address, telephone number, email address, CNIC/passport
number of signatory.
(vi) Press Continue Button:
After entering the data provided at serial number (i) to (vi) above and by pressing continue
button, process document listing page will be displayed containing the following
hyperlinks:
a. Update Form(s) Data:
Applicant can edit/update the already entered data by clicking this link.
b. View Forms:
Applicant can review the form generated automatically by using this link. It is pertinent
to mention that this page is not editable and only available for review.
c. Information for Third Parties:
It is a mandatory requirement to provide officer additional information such as name of
subscriber/director, personal address, country etc. by clicking this link for generation of
National Tax Numbers (NTN) of company and its subscriber/directors. You may opt to
register your company with (Employees Old age Benefits Institution (EOBI), Punjab
Employee Social Security Institution (PESSI)/ Sindh Employee Social Security Institution
(SESSI), Labor Department and Excise and Taxation Department of the Province of Punjab
and Sindh through eService by providing additional information while submitting your
incorporation application.
d. Fill New Attachment and incorporation Form:
By clicking this link, applicant can attach the documents in PDF format such as copy
of CNIC, name availability letter, etc. (in case of combined incorporation process,
separate attachment of name availability letter is not required).
e. Fill New Attachment Form Articles of Association:
By clicking this link, applicant can attach the Articles of Association in PDF format.
However, if Table-A has been opted at the time of entry in the data input form,
attachment of article is not required and in case of combined process, articles of
association is auto-generated.
f. Fill New Attachment Form Memorandum of Association:
By clicking this link, applicant can attach the Memorandum of Association in PDF
format. In case of combined incorporation process memorandum of association is autogenerated on selection of principal line of business/sector.
Note: Please note that all the above mentioned PDF file names should be short, without
spaces, and should not contain any special characters.
g. Fill New Bank Challan:
By clicking this link, bank challan will be displayed. Bank Challan is automatically
populated with prescribed fee and other information by the eServices application on
the basis of authorized capital and filing fee. Then Press Save Form button to save
challan form.
Please note that do not print and pay challan before submitting the process/form.
h. Sign Forms using PIN:
Forms are signed using the Personal Identification Number (PIN). Please note that
every subscriber needs to sign the documents by logging in user ID and entering their
respective PIN. After all subscribers have signed forms with their respective PIN,
“Submit to SECP” button will become active. By click this button, all the documents
will be submitted to the SECP and a process reference number will be displayed. Please
keep this reference number for any future correspondence, if required.
i. Make Payment:
Payment through Challan:
Click on Submitted Processes link. Documents submitted along with bank challan will
be displayed. Click and open challan and then press Print. Four copies will
automatically be printed as original copy, applicant copy, bank copy and branch copy.
The fee shall be deposited in the Bank branch selected by the applicant from the
designated branches of MCB Bank Limited/United Bank Limited. On payment, the
bank shall retain the branch and bank copies and return remaining two copies (original
and applicant copy) to the client.
Payment through Credit Card
To facilitate investors and speed up processing time of transactions in eServices, SECP
has introduced online payment of fee through Credit Cards. This facility is only
available to depositors/applicants using eServices online submission option of SECP
and transact through eServices portal. To make payment through Credit Card, click on
“Online Payment” link, then select the relevant check box under “Make Payment” and
follow procedure.
For obtaining further information regarding payment of fee through Credit Cards,
please visit SECP website and see Online Payment Guide available on the eServices
page at https://www.secp.gov.pk/document/eservices-online-paymentguide/?wpdmdl=17369
Payment through 1LINK Banking Network
In order to further facilitate the SECP has enhanced the payment option by introducing
1link payment facility. Now fee can be paid through internet banking, mobile banking,
ATM, easy paisa using 1LINK network. The applicant has to select SECP as a biller
after login to internet banking or after login to ATM machine.
Payment through MCB Online Fund Transfer Facility
The SECP has also arranged with MCB Bank Limited an “On-line Fund Transfer
(OFT)” facility to pay SECP fee directly into SECP’s bank account in MCB through
on-line fund transfer from applicant’s MCB Bank account, without the need to visit a
branch for physically depositing the amounts. This facility is only available to
depositors/applicants using eServices online submission option of SECP and transact
through eServices portal.
For obtaining further information regarding MCB OFT Facility, please visit SECP
website and see Online Fund Transfer Facility Guidelines available on the main page.
For more information about eServices, please visit the website at
https://eservices.secp.gov.pk/eServices/
Additional documents in case of foreign national as director /subscriber:
In case a foreign national individual or a foreign entity is a shareholder in proposed company
following additional documents are required for security clearance.
1. An undertaking on a prescribed format available on SECP website (in original) stating that
in case security clearance in not provided by the concerned department the member shall
transfer shares.
2. Five copies of CV/bio data of all foreigners (including nationality, country of origin, local
and foreign address, local and foreign contact number, Father’s Name) along with passport
size photographs.
3. Profile of foreign company, list of its directors (along with their nationality and country of
origin) & certified copies of its statute and certificate of incorporation.
4. BOD resolution of the foreign company specifying its intention to incorporate a company
in Pakistan with proposed shareholding and nomination of a person who will represent the
foreign company.
Certificate of incorporation:
On successful submission of process and payment of requisite fee, the documents are
processed by the relevant Company Registration Office (CRO) within four hours of receipt
of documents. Certificate of incorporation is issued by the Registrar concerned and also
being sent through email.
One window facility for company incorporation and NTN registration
Data collected by the SECP is sent to FBR for registration of NTN. User ID password and
PIN generated by FBR is sent on the email address and cell number of Chief Executive of the company as soon as the registration is completed at FBR.

Securities & Exchange Commission of Pakistan

Income Tax Slabs
As per Federal Budget 2022-2023 presented by Government of Pakistan, following slabs and income tax rates will be applicable for salaried persons for the year 2022-2023:

Where the taxable salary income does not exceed Rs. 600,000 the rate of income tax is 0%.
Where the taxable salary income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000 the rate of income tax is 2.5% of the amount exceeding Rs. 600,000
Where the taxable salary income exceeds Rs. 1,200,000 but does not exceed Rs. 2,400,000 the rate of income tax is Rs. 15,000+12.5% of the amount exceeding Rs. 1,200,000.
Where the taxable salary income exceeds Rs. 2,400,000 but does not exceed Rs. 3,600,000 the rate of income tax is Rs. 165,000 + 20% of the amount exceeding Rs. 2,400,000.
Where the taxable salary income exceeds Rs. 3,600,000 but does not exceed Rs. 6,000,000 the rate of income tax is Rs. 405,000 + 25% of the amount exceeding Rs. 3,600,000.
Where the taxable salary income exceeds Rs. 6,000,000 but does not exceed Rs. 12,000,000 the rate of income tax is Rs. 1,050,000 + 32.5% of the amount exceeding Rs. 6,000,000.
Where the taxable salary income exceeds Rs. 12,000,000 the rate of income tax is Rs. 2,955,000 + 35% of the amount exceeding Rs. 12,000,000.

Invoice

PERSONAL TAXATION
Individuals having high cash flows are subject to tax default based on their inefficient planning and strategy, which results in paying of taxes at higher rates. Their multiples sources of income render it more complex for them to strategize against higher tax rates. Although in such situation liaison, correspondence and compliance with employer or organization plays a vital role who as additional benefit also file returns on behalf of their employees, however, higher rate of taxes are paid due to ineffective or no linkage between the two. Moreover, having no or less knowledge on recent tax policies, concessions and exemptions, individuals file their return in a conventional manner causing to face huge tax losses. We at Islamabad Accountants assist in planning and claiming tax benefits for individuals to avoid paying higher taxes bases on experience and day to day acquaintance of recent tax policies and circulars to help reduce the risk of default for high net-worth individuals and to assist organizations in fulfilling their assumed responsibilities, we provide services, which include:
• Liaison, correspondence and compliance services with respect to personal taxation.
• Advisory services to help reduce tax exposure or increase tax saving.
• Tax planning and benefits for nationals.
• Tax planning and benefits for Immigrants.
• Tax planning and benefits for overseas nationals.
• Record Keeping/ maintenance

INDIRECT TAXES
Pakistan’s tax regime consists of four main revenue sources including General Sales Tax (GST), Sales Tax on Services (Service Tax), Federal Excise Duty (FED), Customs Duty and Income Tax. Over the recent years Government has emphasized on Indirect Taxes which include Sales Tax of Goods and Services. All manufacturers, Traders and Services provider business entities are required to pay huge amount of indirect taxes on products, items and services respectively. Business entities thus require effective planning and strategy to hit the lowest tax rates to enjoy tax benefits. We at Islamabad Accountants provide wide range of indirect tax advisory services that includes sales tax system evaluation, sales tax audit, and sales tax on services under provincial ordinances and include but not limited to:
• Compliance and correspondence services relating to corporate taxation
• Filling of Tax returns
• Tax benefits
• Planning and Strategy
• Claiming of Refund and disbursal
• Record Keeping/ maintaining
• Advisory services including determination of sales tax, exemption and withholding tax matters
• Representations before field tax authorities
• Representations before Federal Board of Revenue
• Representations before Courts in appeals

CORPORATE TAXATION
Corporate sector has to pay Taxes at high level due to no or less knowledge of recent tax circulars and policies which of course is not only time taking and hectic but complex task to maintain in the larger interest to business. Majority businesses for the purpose hire employees for the job but due to lack of legal tax practice, employee is only able to appease tax burden of business at meager rates. Another important factor causing loss on taxes to business is while filing of returns in conventional manner where inflows and outflows are not maintained as required to benefit business. Significantly another issues is with regard to business to business correspondences and liaison which is also time consuming and cumbersome yet causes business to pay huge taxes at levels which could otherwise be conveniently waived resulting in significant economic benefit. We at Islamabad Accountants provide full range of services to all business sectors leading to significant economic benefit. Services include
• Claiming of Refund and disbursal
• Filling of Tax returns
• Record Keeping/ maintaining
• Tax benefits
• Advisory services including determination of income tax, exemption and withholding tax matters
• Compliance and correspondence services relating to corporate taxation
• Representations before field tax authorities
• Representations before Federal Board of Revenue
• Representations before Courts in appeals

HOW TO REGISTER A PRIVATE LIMITED COMPANY IN PAKISTAN?
Why to register a Company?
We at Islamabad Accountants based on the requirements of business in the emerging markets of Pakistan often assist our clients in company registration in Pakistan. Registration of Private Limited Company has some major benefits over other types of business establishments.
Step to Step Procedure for Registration of Private Limited Company in Pakistan:
1. E-services registration
As a first step you have to register your account on E-service portal regulated by Security Exchange Commission of Pakistan. It is a simply process that registers you credential with basis information like your cnic number, mobile number and email. In case if you are a foreign national in Pakistan you will additionally be required to provide you passport information along with foregoing information and a photograph. After you have successfully signed-up, two separate pins both at your phone number and email shall be received for verification purposes. Following the verification process you will receive a unique PIN to sign the forms and submit them to SECP.
2. Apply for availability of name
For the purpose of company registration in Pakistan the first phase is to apply for the name of the company. You cannot simply be allowed a name which is already registered with SECP or is already in use. So to ensure that the name of business you wish to register is not already in use, you can search the name on SECP website at Company name search. If no results are found on SECP this means that name is available for purpose of company registering – business registration in Pakistan and you can request for reservation of that name for yourself.

3. Company Name Reservation
After the name is applied with SECP and such name is available with SECP, same will be reserved for a period of 60 days for you to start the Company registration process. The name reservation form is required to be filed online after you login into E-services.
4. Memorandum of Association
Memorandum of Association is the charter of a company. It serves as the charter of the company being registered. It not merely spells out the vision, scope and mandate of the company but also discloses the detail particulars of its shareholders and the composition of shares each shareholder or subscriber enjoys in the business amongst others. Memorandum of Association is filed along with application for company registration in Pakistan.
5. Articles of Association
Articles of Association on the other hand is termed as the constitution of the company. It provides the provisions on internal operations to be carried out on daily basis etc. of the company. It further provides with the provisions to appoint Chief Executive, Directors, secretary etc of the company. Article of Association is also filed along with application for company registration in Pakistan.
6. Submission of Forms
Process of Company Registration in Pakistan can be applied both online and offline. For a paper-free environment it is highly recommended by SECP to file applications online. Process of online company registration in Pakistan is being promoted by SECP and is followed by 50% fee concessions. For online process for Company Registration requires filing joint application for name availability and company registration. if required you can also separately file applications for both phases online. Application of company Registration is to be accompanied by Memorandum of Association, Article of Association and the application for name availability using E-services portal. In that case all fees payable can be paid online using credit card or online banking.
In case of offline method for filing application for company registration in Pakistan you are required to generate challan manually and after making payments same shall be manually filed along with the signed application and the foregoing documents with SECP.
7. Processing Time
SECP has recently revamped the process of company registration in Pakistan for which new and convenient procedure has been introduced. The process for company Registration therefore, has become advanced and expeditious. Applications are now process within a few hour so you do not have to wait a week or a month any more for registration of your new business.
Benefits of Company Registration in Pakistan
Company registered in Pakistan in also termed as a limited liability company. This means that affairs of the directors or subscribers are different from that of the affairs of the company. Directors or owners of the company cannot be personally held liable for the affairs of the company or its liability. Registered company in Pakistan is an artificial person, a corporate body with separate legal entity and a perpetual succession with unlimited life. Registered company is not dissolved upon death of its subscribers, stakeholders or employees as the case may be.
Owners of the company can sell their interest in company to any third person or party and can be easily transferred to another person after a resolve by the Board in its annual general meeting and consequently with approval of SECP.
Company is the most organized structure considered amongst all the entities established in Pakistan. Government of Pakistan in pursuit to develop and promote documented economy has introduced several tax benefits, concessions and rebates for start-up businesses. Most of these benefits are merely available only when the business is registered as a company in Pakistan. Even tax rates for companies are far lesser than other business and almost all the business expenses are deductible subject to procedural compliances provided by law if any.
It is interesting that SECP is the regulator of company and in case if a management dispute arises between the directors or shareholders, parties without resorting to the court for resolution of their dispute can opt for summary procedure for resolution of dispute by filing representation before SECP which is adjudicated under the process of Companies Act 2017.
At Islamabad Accountants we have profound experience of assisting in process of company Registration in Pakistan. In case if you have any queries feel free to contact us.

The decision to choose the beneficial type of establishment is completely based on the particular nature of business as every sector has its own benefits and drawbacks. While choosing the right type of establishment for any business sector, some major factor that need to be considered including Tax benefits and exemptions on a particular sector, loan finance requirements, legal benefits and impediments, scope and object of business, flexibility of operations and other underlying factors.
What is Sole Proprietor?
80% of the businesses in Pakistan are opened as Sole Proprietor. It is termed as a simplest type of business establishment or entity for doing business in Pakistan. It is also referred to as Proprietor concern or a Proprietorship concern. Sole Proprietorship Registration process is very simple. However, it is noteworthy that there are different types of Business entities in Pakistan. Each entity has a different structure, requirement and even the benefits from choosing from the type of entity may be significantly different. Any person willing to have Sole Proprietorship Registration may easily choose to do so but it is important that that there is only one person operating or managing the Sole Proprietorship business. Sole Proprietorship Registration makes liability of its owner unlimited. After Sole Proprietorship Registration there is no difference between liability of the owner and that of the Sole Proprietorship Business. Consequent to the Sole Proprietorship Registration, Sole Proprietor shall alone run the business affairs and is responsible for all business’s debts, losses and liabilities in personal capacity. This also means that Sole Proprietor shall not be required to file a separate return for his Sole Proprietor Business. He is required to declare his business income in his personal return. Sole Proprietorship Registration for its easy Start-up process and for its cheap capital requirement is considered favorable by beginners and especially fresh graduates who desire to register a business entity in Pakistan.
A step to step process on Sole Proprietorship Registration in Pakistan.
In order to have Sole Proprietorship Registration all you need to do is:
1. Choose a name for your business/ Sole Proprietorship.
2. In order to apply for Sole Proprietorship Registration you must have a National Tax Number (NTN) to be issued by FBR. You will only receive a NTN certificate with your name & details on it.
3. Make letterhead and business card for your Sole proprietorship business with name, logo, phone number and physical office address of your business on it.
4. File request on the letter head signed and stamped along with your CNIC and business card with bank of your choice for opening business account of your Sole proprietorship Business.
5. Get issued a maintenance certificate from the bank after your account is opened.
6. After your account is opened you can also register for Sales Tax (GST).

Islamabad Accountants has been providing legal assistance in Sole Proprietorship Registration for the last 10 years. In case if you have any concern or query in Sole proprietorship Registration, please feel free to contact the firm.
Documents we require:
• CNIC copy of sole proprietor
• Nature of business
• Business letterhead
• Electricity bill
• Rent agreement of office
• Mobile number of Sole proprietor that is not already registered with FBR
• Email address of Sole proprietor that is not already registered with FBR.