Author: Finperial

'Finperial' is a financial planning firm dedicated to helping startups and women entrepreneurs with financial management, personal wealth management, analyses and tax solutions through expertise provided by qualified professionals.
ECAP, SBP

Exchange Companies Association of Pakistan decided to offer incentives in cash and in kind to Pakistanis abroad sending remittances through exchange firms.

The State Bank of Pakistan (SBP) has allowed foreign currency exchange companies to initiate work on directly attracting worker remittances from the countries from where the inflows remain nominal. “The State Bank of Pakistan (SBP) has given us free hand to bring worker remittances from the countries where a large number of Pakistanis are living and doing jobs, but remittances from such countries remain nominal,” … Continue reading Exchange Companies Association of Pakistan decided to offer incentives in cash and in kind to Pakistanis abroad sending remittances through exchange firms.

Unknown's avatarFinperialLeave a comment
News, SECP, Taxation

Good news for Small Shopkeepers and Traders- FBR finally listened and made it easy.

The Federal Board of Revenue (FBR) has rolled out three schemes to facilitate the retailers and small traders in complying with the tax regime. As 80 to 90 percent of the retailers are not registered with the tax authorities an initiative has been taken to make the tax requirements easier and bring the small businesses into the tax net. FBR has notified: Simplified Scheme for … Continue reading Good news for Small Shopkeepers and Traders- FBR finally listened and made it easy.

Unknown's avatarFinperialLeave a comment
News, Taxation

Non resident Pakistanis definition changed.

Federal Board of Revenue – FBR expands its net to non-resident Pakistanis FBR has reduced the stay period of Pakistanis for tax collection purposes with effect from 2015, which may result in litigation as independent legal experts argue that substantive changes in law can only be made prospectively. On 30th June 2019 FBR issued a circular aimed at explaining important amendments to the Income Tax … Continue reading Non resident Pakistanis definition changed.

Unknown's avatarFinperialLeave a comment
Imports, Taxation

Imports and Reduce rate of WHT

If you are an importer of raw material or thinking about starting something related to this- we have some good news: You can apply for a reduced rate of withholding tax on importing raw material. Here is how using IRIS: The taxpayer will e-file a single “(Application u/s 159(1) / 148 for reduced rate of withholding tax on Import) (FOR QUOTA ALLOCATION)” for the whole … Continue reading Imports and Reduce rate of WHT

Unknown's avatarFinperialLeave a comment
SECP, Taxation

Sales Tax registration made easy – Company

In Pakistan, Sales Tax registration is one of the most important steps after company registration. Without your STRN (Sales Tax Registration Number) you cannot import or export your products or services. You will not be able to participate in tenders in Pakistan. You cannot work with the government, take important sponsors or work with well reputed companies. No multinational company can work with you legally … Continue reading Sales Tax registration made easy – Company

Unknown's avatarFinperialLeave a comment
Sticky post
News

Quetta: 4 martyred, 30 injured including 4 critical.

Latest update 4 dead and 30 injured in an explosion at Mezan Choke Quetta . It is a really sad moment for us😭. May the soul of martyrs rest in Jannah. (Ameen) Pak army #PlaneCrashed in residential area in Rawalpindi, 17 died, many injured Continuous firing of indian army in Leepa Valley and Neelum Valley, 3 died, 35+ injured Blast in #Quetta, 4 died, 32 … Continue reading Quetta: 4 martyred, 30 injured including 4 critical.

Unknown's avatarFinperialLeave a comment
Taxation

Sales Tax registration made easy – Partnership (AOP)

In Pakistan, Sales Tax registration is one of the most important steps after company registration. Without your STRN (Sales Tax Registration Number) you cannot import or export your products or services. You will not be able to participate in tenders in Pakistan. You cannot work with the government, take important sponsors or work with well reputed companies. No multinational company can work with you legally … Continue reading Sales Tax registration made easy – Partnership (AOP)

Unknown's avatarFinperialLeave a comment
News

Plane crashes: Bahria Town Phase 7

Small plane crashes in Bahria Town Phase 7 Rawalpindi. According to reports at least 10 people were killed and 12 others wounded including 2 children. It was a Pakistan Army aviation small aircraft on routine training flight. 5 crew members including 2 officers (Pilots) embraced Shahadat. Crew members included Lt Col Saqib -Pilot Lt Col Waseem – Pilot Naib Subedar Afzal Havaldar Ibne Ameen Havaldar … Continue reading Plane crashes: Bahria Town Phase 7

Unknown's avatarFinperialLeave a comment
Taxation

Sales Tax registration made easy – Individuals

In Pakistan, Sales Tax registration is one of the most important steps after company registration. Without your STRN (Sales Tax Registration Number) you cannot import or export your products or services. You will not be able to participate in tenders in Pakistan. You cannot work with the government, take important sponsors or work with well reputed companies. No multinational company can work with you legally … Continue reading Sales Tax registration made easy – Individuals

Unknown's avatarFinperialLeave a comment
Taxation

POS Registration

INTRODUCTION  The purpose of this article is to facilitate LEATHER AND TEXTILE SECTOR to understand methods for invoice data sharing with FBR. Taxpayer directly connect to FBR system to upload sales invoices in bulk. This mechanism is provided temporarily to upload all the sales invoice data to FBR System till the implementation of Fiscalization Solution.  Taxpayer can directly integrate their system with FBR using the provided web service to … Continue reading POS Registration

Unknown's avatarFinperialLeave a comment