08/05/2021
Assalam-o-Alaikum
With regards to the Amazon including Pakistan as authorized countries for seller registration, the news has come at a great time and has contributed to the festivities of Ramadan and Eid-ul-Fitr in these trying times for our Nation and the World as a whole.
But where this is a great and invaluable opportunity for the E-commerce community of Pakistan, it also presents some challenges. Namely, the legal and operational structure of businesses in Pakistan.
For that we, as tax, finance and corporate consultants and avid followers and dreamers of digital and e-commerce Pakistan, have decided to share our knowledge, experience and research in this regard with out community.
Through these posts, we will be providing details on the issues relating to incorporation, taxation and management.
Lets start with common laws:
1. Income Tax Ordinance, 2001 along with Income Tax Rules, 2002
2. Sales Tax Act, 1990 along with Sales Tax Rules, 2006
3. Partnership Act, 1932
4. Companies Act, 2017 formerly Companies Ordinance, 1984
In the future, we'd be going through different business types in Pakistan from pros and cons to registration and governance. We will also be discussing important Tax Laws and key notes.
So, lets make best of this opportunity afforded to us and contribute to the development of our beloved country more than ever before.
Regards
Team - Signox Consultants
