How to de-register from income tax or in simple words how to cancel or delete National Tax Number NTN in Pakistan? This question arose in many tax payer especially who registered AOP and Companies. As once closed business they required to do so. In Income Tax Rules there is no...
Deregistration of sales Tax
To a query whether sales tax de-registration and cancellation are same things, sources said that under rule 11 of the Sales Tax Rules, de-registration and cancellation of registration are entirely two different things. The registered persons have to follow a detailed procedure for obtaining de-registration certificates. Once a person is...
Disadvantages/Demerits of Company Registration in Pakistan
Authorize Capital FeeDifficult Closure of Company FeeHigh Professional TaxWHT AgentMinimum Tax Provision Advance Tax applicable ACT (Alternative Corporate tax ) Update about AddressDouble TaxationCorporate TaxAlteration in Memorandum required for change in Business Activity UBO Compliances Lack of Secrecy Annual Return Form A/29Appointment of AuditorLegal Advisor Financial StatementsAudited Accounts Corporate Bank...