INCOME TAX, SALES TAX, FEDERAL EXCISE, CUSTOMS

INCOME TAX, SALES TAX, FEDERAL EXCISE, CUSTOMS <!--[if gte mso 10]> INCOME TAX, SALES TAX, FEDERAL EXCISE, CUSTOMS COMPANY LAW By Iftikhar Shabbir Syed, Tax Consultant, Lahore This compilation is primarily focused on providing authentic and updated material to professionals and others. It may not be considered as exhaustive as this set out interpretation of certain important amendments made by the Finance Act, 2009 in a summarized manner sufficient enough to amplify the important aspects of the changes made. It is suggested that the text of the Act and the relevant notification, where applicable, be referred to, in considering the interpretation of any provisions. INCOME TAX - SALIENT FEATURES 1. Basic limit of exemption for income tax in respect of salaried persons is increased from Rs.1,80,000 to Rs.2,00,000. In case of women salaried taxpayer, this limit is increased from Rs.2,40,000 to Rs. 2,60,000. 2. It is mandatory vide S.R.O. 684(I)/2009, dated 23-7-2009 for Registered Sales Tax Payers and AOP'S to file Income Tax Returns and Withholding Tax Statements electronically from July 1, 2009. [Section 237(1)] 3. Where Salary income, for the tax year is five hundred thousand rupees or more the tax payer shall file return of Income electronically. [Section 115(1)] 4. In order to support Internally Displaced Persons (IDPs) in their habilitation a new tax is imposed to be charged on taxable income of one million rupees or more @ 5% of such tax and in case of corporate executives @ 30% of the bonus. This is a one time levy and payable for tax year 2009 only. 5. Filing of Wealth Statement and Wealth Reconciliation is mandatory for every person (other than a company) falling under final tax regime FTR tax paid during the year amounting to Rs.20,000 or more and in case of salaried and business individuals where declared income is Rs.500,000 or more. [Section 116] 6. Tax deducted on the monthly electricity bills up to Rs.30,000 will be treated as an expense and will not be refundable. However tax deducted exceeding Rs.30,000 will be adjustable which consequently could be refunded. [Section 235 (4) (a)] 7. Presently advance tax is payable in four quarterly instalments oft the basis of last assessed income. According to newly inserted subsection (4AAA) tax liability under section 113 shall also be taken into account while working out payment of advance tax liability in case of a company or association of person. 8. The rate of withholding tax on imports is increased to 4% against the previous rate of 2%. [Section 148]. 9. It has been noticed that the facility of tax exemption available to educational institution is being grossly misused by private universities and medical colleges etc. Therefore, such facility would only be available to those institutions which have been approved, by the concerned Director General of LTU/RTO within six months from the date of notification of the Act. [Clause 92 Second Schedule] 10. In view of the less margin of profit available to cigarettes and pharmaceuticals products distributors, withholding tax rate in respect of such tax payer is being reduced from 3.5% to 1%. [Section 153 (1) (a)] 11. Indenting commission receipts will now be taxed at the rate of five percent of gross receipts. [Section 154 (2)] 12. Senior citizens are .allowed 50% relief in tax liability provided the taxable income, in a tax year, does not exceed Rs. 5,00,000. In view of inflationary trend, same is enhanced to Rs. 7,50,000. [Clause (1 A) Part III of Second Schedule] 13. Receipts form accumulated balance of voluntary pension scheme is exempt up to 25% of the available balance. To provide relief to pensioner class this limit is enhanced to 50%. 14. The scope of advance tax collection on purchase of new locally manufactured motorcar/jeep is extended to all types of private motor vehicles. [Section 231 B] 15. The exemption regime provided under the second schedule to the Income Tax Ordinance has been reviewed to delete the redundant and unjustified exemptions as per detail given in the Finance Act. 16. At present no tax is collected on export of goods made without form "E" because in this case export proceeds are received in cash. An amendment has been made in section 154 whereby the Collector of Customs shall collect tax @ 1% at the time of clearing goods for export made without form "E". Presently such exports are mainly allowed to Afghanistan through land routes. 17. To encourage documentation of the financial transactions and broadening of tax base the manufacturers are being incentivized by allowing tax credit at 2.5% of the tax payable if they are able to make at least 90% of their sales to sales tax registered persons. [Section 65 Al 18. In order to curb the black money investment in non-productive sector the rate of CVT on transfer of immovable property is being enhanced from 2% to 4%. 19. Any person who having furnished a return or statement discovers any omission or error is allowed to furnish a revised return or statement for that tax year, at any time within five years from the end of the financial year in which the original return or statement was furnished. 20. Where an order giving rise to a refund is the subject matter of an appeal or further proceedings under the Ordinance, the Commissioner may withhold refund till such time as he deems fit. [Section 170 A] 21. The rate of collection of advance tax at the time of sales by auction shall be 5% of the gross sale price of any property or goods sold by auction. [Section 236-A] 22. Every person who owns immoveable property with land area of 500 Sq.Yards or more located in a rating area, awns a flat having covered area of 2000 Sq.Ft or more located in a rating area, owns a motor vehicle having engine capacity above 1000CC and has obtained NTN is liable to furnish return of Income. [Section 114(1)(b)] TAX RATES TAX YEAR 2009 With complements from Qamar Uz Zaman Ch. TAX CONSULTANT *NON-SALARIED INDIVIDUALS & ASSOCIATION OF PERSONS [Division I, Part I of the First Schedule] 1. Upto Rs.1,00,000 NIL 2. Rs.100,001 to Rs.110,000 0.50% 3. Rs.110,001 to Rs.125,000 1.00% 4. Rs.125,001 to Rs.150,000 2.00% 5. Rs.150,001 to Rs.175,000 3.00% 6. Rs.175,001 to Rs.200,000 4.00% 7. Rs.200,001 to Rs.300,000 5.00% 8. Rs.300,001 to Rs.400,000 7.50% 9. Rs.400,001 to Rs.500,000 10.00% 10. Rs.500,001 to Rs.600,000 12.50% 11. Rs.600,001 to Rs.800,000 15.00% 12. Rs.800,001 to Rs.1,000,000 *17.50% 13. Rs.1,000,001 to Rs.1,300,000 *21.00% 14. Exceeding Rs.1,300.001 *25.00% (No tax if income upto Rs.100,000 for male and Rs.125,000 for female) *IDP Tax levied @ 5% on tax payable, if income is one million rupees or more *TAX RATES FOR SALARIED PERSONS [Division I, Part I of the First Schedule] Sr.# Income Slab Tax Rate Marginal Tax Relief (Optional) 1. Upto Rs.180,000 Nil _ 2. Rs.180,001 to Rs.250,000 0.50% 20% 3. Rs.250,001 to Rs.350,000 0.75% 20% 4. Rs.350,0001 to Rs.400,000 1.50% 20% 5. Rs.400,001 to Rs.450,000 2.50% 20% 6. Rs.450,001 to Rs.550,000 3.50% Upto 5 Lac 20% Above 5 Lac 30% 7. Rs.550,001 to Rs.650,000 4.50% 30% 8. Rs.650,001. to Rs.750,000 6.00% 30% 9. Rs.750,001 to Rs.900,000 7.50% 30% 10. Rs.900,001 to Rs.1,050,000 *9.00% 30% 1 , Rs.1,050,001 to Rs.1,200,000 ' *10.00% 40% 12. Rs.1,200,001 to Rs.1,450,000 *11.00% 40% 13. Rs.1,450,001 to Rs.1,700,000 *12.50% 40% 15. Rs.1,700,001 to Rs.1,950,000 *14.00% Upto 20 Lac 40% Above 20 Lac 50% 16. Rs.1,950,001 to Rs.2,250,000 *15.00% 50% 17. Rs.2,250,001 to Rs.2,850,000 *16.00% 50% 18. Rs.2,850,001 to Rs.2,850,000 *17.50% 50% 19. Rs.3,550,001 to Rs.4,550,000 18.50% Upto 44.5 Lac 50% Above 44.5 Lac 60% 20. Rs.4,550,001 to Rs.8,650,000 *19.00% 60% 21. Exceeding Rs.8,650,001 *20.00% 60% (No tax if income upto Rs.180,000 for male and Rs.240,000 for female) *IDP Tax levied @ 5% on tax payable, if income is one million rupees or more TAX ON RETAILERS Annual Turnover Income Tax RETAILER (Individual or AOP) having annual turnover upto Rs.5 Million (under section 113-A) Optional . 0.50% "RETAILER (Individual or AOP) having annual turnover above Rs.5 Million but not exceeding Rs.10 Million (under section 113-B) Rs.25,000 + 0.50% of turnover above Rs.5 Million *RETAILER (Individual or AOP) having annual turnover above Rs.10 Million (under section 113-B) Rs.50,000 + 0.75% of turnover above Rs.10 Million Retailers under sections 113A & 113B can't claim adjustment of withholding tax *Sales Tax payable under Chapter II of Sales Tax Special Procedure Rules, 2007 FINAL DISCHARGE OF TAX Nature of Payment Section Rate INCOME from Property 15(6) 5% to 10% IMPORTS (Commercial) 148 2% DIVIDEND (exception Companies) 150 7.5% to 10% PROFIT on Debt (except Companies) 151 10% ROYALTY or Fee for Technical Services received by Non-Residents 152(1) 15% SALE of Goods by Individual & AOPs 153(1)(a) 3.50% SALE of Rice, Cotton Seed.& Edible Oils 153(1)(a) 1.50% ALL TRANSPORT SERVICES 153(1)(b) 2% SERVICES (except companies and advertisement by owner of newspapers & magazines) 153(1)(b) 6% CONTRACTS (except listed companies) 153(1)(c) 6% SERVICES of Stitching, Dyeing, Printing, Embriodary, Washing, Sizing & Weaving 153(1A) 0.50% ADVERTISEMENT through Electronic Media 153A _ 10% EXPORT 154 1% INDENTING Commission 154(2) 5% Nature of Payment Section Rate PRIZES & WINNINGS 156 10% to 20% COMMISSION on Petroleum Products 156A 10% BROKERAGE and Commission 233(1) 10% COMMISSION earned by Members Stock Exchange on purchase/sale/trading of shares 233-A(a), (b) & (c) 0.01 % GOODS Transport Vehicles 234(1) Rs.1,200 to Rs.36000 PASSENGER Transport Vehicles 234(3) Rs.25 to Rs.100 per seat CNG Stations 234A 4% ELECTRICITY Bill (Ind. & AOPs) 235(4)(a) Upto Bill amount Rs.20,000 TAX RATES TAX YEAR 2010 With complements from Qamar Uz Zaman Ch. TAX CONSULTANT NON-SALARIED INDIVIDUALS & ASSOCIATION OF PERSONS [Division I, Part I of the First Schedule] 1. Upto Rs.1,00,000 NIL 2. Rs.100,001 to Rs.110,000 0.50% 3. Rs.110,001 to Rs.125,000 1.00% 4. Rs.125,001 to Rs.150,000 2.00% 5. Rs.150,001 to Rs.175,000 3.00% 6. Rs.175,001 to Rs.200,000 4.00% 7. Rs.200,001 to Rs.300,000 5.00% 8. Rs.300,001 to Rs.400,000 7.00% 9. Rs.400,001 to Rs.500,000 10.00% 10. Rs.500,001 to Rs.600,000 12.50% 11. Rs.600,001 to Rs.800,000 15.00% 12. Rs.800,001 to Rs.1,000,000 17.50% 13. Rs.1,000,001 to Rs.1,300,000 21.00%, 14. Exceeding Rs.1,300,001 25.00% (No tax if income upto Rs.100,000 for male and Rs.125,000 for female) *TAX RATES FOR SALARIED PERSONS [Division I, Part I of the First Schedule] Sr.# Income Slab Tax Rate Marginal Tax Relief (Optional) 1. Upto Rs.200,000 Nil - 2. Rs.200,001 to Rs.250,000 0.50% 20% 3. Rs.250,001 to Rs.350.000 0.75% 20% 4. Rs.350,001 to Rs.400,000 1.50% 20% 5. Rs.400,001 to Rs.450,000 2.50% 20% 6. Rs.450,001 to Rs.550,000 3.50% 20% 7. Rs.550,001 to Rs.650,000 4.50% 30% 8. Rs.650,001 to Rs.750,000 6.00% 30% 9. Rs.750,001 to Rs.900,000 7.50% 30% 10. Rs.900,001 to Rs.1,050,000 ' *9.00% 30% 11. Rs.1,050,001 to Rs.1,200,000 *10.00% 40% 12. Rs.1,200,001 to Rs.1,450,000 *11.00% 40% 13. Rs:1,450,001 to Rs.1,700,000 *12.50% 40% 15. Rs.1,700,001 to Rs.1,950,000 *14.00% 40% 16. Rs.1,950,001 to 12s.2,250,000 *15.00% 40% 17. . Rs.2,250,001 to Rs.2,850,000 *16.00% 50% 18. Rs.2,850.001 to Rs.3,550,000 *17.50% 50% 19. Rs.3,550,001 to Rs.4,550,000 18.50% 50% 20. Rs.4,550,001 to Rs.8,650,000 *19.00% 60% 21. Exceeding Rs.8,650,001 *20.00% 60% *Corporate employee drawing annual salary Rs. One(M) or more shall pay IDP Tax on bonus amount @ 30% (No tax if income upto Rs.200,000 for male and Rs.260,000 for female) TAX ON RETAILERS Annual Turnover Income Tax RETAILER (Individual or AOP) having annual turnover upto Rs.5 Million (under section 113-A) Optional 0.50% "RETAILER (Individual or AOP) turnover above Rs.5 Million but Rs.10 Million (under section 113-B) having annual not exceeding Rs.25,000 + 0.50% of turnover above Rs.5 Million *RETAILER (Individual or AOP) having annual 'turnover above Rs.10 Million (under section 113-B) Rs.50,000 + 0.75% of Turnover above Rs.10 Million Retailers under sections 113A & 113B can't claim adjustment of withholding tax *Sales Tar payable under Chapter II of Sales Tax Special Procedure Rules, 2007 *FINAL 'DISCHARGE OF TAX Nature of Payment Section Rate INCOME from Property 15(6) 5% to 10% IMPORTS (Commercial) 148 4% DIVIDEND (except Companies) 150 7.5% to 10% PROFIT on Debt (except Companies) 151 10% ROYALTY or Fee for Technical Services received by Non-Residents 152(1) 15% SALE of Goods by Individual & AOPs 153(1)(a) 3.50% SALE of Rice, Cotton Seed & Edible Oils 153(1)(a) 1.50% CONTRACTS (except listed companies) 153(1)(c) 6% SERVICES of Stitching, Dyeing, Printing, Embriodary, Washing, Sizing & Weaving 153(1A) 0.50% ADVERTISEMENT services to non-resident media person 153A 10% EXPORTS 154 1% INDENTING Commission 154(2) 5% PRIZES & WINNINGS 156 10% to 20% COMMISSION on Petroleum Products 156A 10% BROKERAGE and Commission 233(1) 10% GOODS Transport Vehicles 234(1) Rs.1,200 to Rs.36,000 PASSENGER Transport. Vehicles 234(3) Rs.25 to Rs.100 per seat CNG Stations 234A 4% * If tax deducted of individuals (covered under FTR) is Rs.20,000 or more, filing of Wealth Statement + Reconciliation is compulsory. MINIMUM TAX Nature of Payment Section Rate Minimum Turnover Tax for Companies 113 0.50% of turnover IMPORTS (edible oil and packing material) 148(8) 4% SERVICES (except companies and advertisement by owner of newspapers & magazines) 153(1)(b) 6% ALL TRANSPORT SERVICES 153(1)(b) 2% COMMISSION earned by Members Stock Exchange on purchase/sale/trading of shares 233 - A(a), (b) & (c) 0.01% ELECTRICITY Bill (Ind. & AOPs) 235(4)(a) Upto Bill amount Rs.30,000 SALES TAX / FEDERAL EXCISE - SALIENT FEATURES Exemption of Fertilizers and Pesticides. Zero-rating of Sales Tax on import and local supply of wheel chairs to special/handicapped persons. It shall be effective from 14th of June, 2009. Exemption of .Sales Tax on import and local supply of Lysine Sulphate effective from the 1st July, 2009. Reduction of Federal Excise Duty on cement from Rs.900/PMT to Rs.700/PMT effective from the 14th of June, 2009. Withdrawal of 5% Federal Excise Duty on motor cars effective from the 14th of June, 2009. Reduction of Federal Excise Duty on telecommunication services from 21% to 19 % effective from 1st July, 2009. Reduction of activation charges of cellular phones from Rs.500 to Rs.250 effective from 1st July, 2009. Withdrawal of Exemption on import of ware potatoes and onion is aimed at providing protection to local growers of potato and onion effective from the 14th of June, 2009. Enhancement rate of Federal Excise Duty on locally produced Cigarette in different slabs effective from the 14th of June, 2009. Levy of FED on advertisement in newspapers, periodicals, hoarding boards, pole signs, sign boards and shop boards effective from the 1st July, 2009. The rate of FED on insurance services enhanced from 10% to 16% in VAT mode effective from the 1st July, 2009. The FED @ 16% at VAT mode has been levied on services provided by the port and terminal operators including wharfage in respect of imports effective from the 1st July, 2009. The FED @ 16% in VAT mode has been levied on services provided by stock brokers effective from the 1st July, 2009. Interest rates of banks to' avoid short filing by the tax payers, KIBOR (Karachi Inter Bank Offered Rates) plus three percent per annum has been introduced effective from the 1st July, 2009. The time limit which the Collector can extend in adjudication of Sales Tax cases has been reduced from 120 to 60 days and which can be extended by Federal Excise Officer in Federal Excise cases has been reduced from 90 to 60 days. The penalty/imprisonment for violation of section 40-B has been introduced to make enforcement more effective. It is effective from the 1st July, 2009. The time period for reopening the cases under Sales Tax Act, 1990 and Federal Excise Act, 2005 is being changed to three years. Effective from the 1st July, 2009. Sales Tax on local supplies of sugar to be charged @ 8 % [S.R.O. (sic)(I)2009] The Import and Supply of Platinum, Palladium ,Diamonds and precious stones is exempted from levy of sales.[S.R.O. 720(I) 2009] SECTION WISE MAJOR CHANGES IN SALES TAX ACT, 1990 Section 11(4)-Assessment of Tax The time limit is reduced from 120 days to 60 days which the Collector can extend in adjudication of Sales Tax cases. To make this change in conformity with the similar change introduced through this Act in the Income Tax Ordinance 2001, a new provision has been added which lays down that any period during which the proceedings are adjourned on the request of the taxpayer or are postponed due to any appeal or preceding or for any other reason, shall be excluded from the computation of the periods specified in the first provision. So the period due to adjournment on the request of assesses or due to appeal shall be excluded from the period fixed. Section 34-Additional Tax Interest rates of banks to avoid short filing by taxpayers the charge of one and a half per cent per month has been replaced with the words KIBOR (Karachi Inter Bank Offered Rate) plus three per cent per annum. Section 36(3)-Recovery of tax not levied or short levied or erroneously refunded To make the period of making an order compatible with provision in section 11(4) the period for making such an order has been reduced from 120 days to 60 days. A new provision has also been added whereby any period during which the proceedings are adjourned on the request of the taxpayer or is postponed due to any appeal or proceedings or stay order, remand or alternative dispute resolution proceedings or for any other reason, shall be excluded in the computation of periods specified in the first provision. Section 45(1)-Power of Adjudication It is proposed to the change powers of adjudication with different adjudicating officers consequently serial Numbers (i), (ii), (iii), (iv) and (v) have been substituted to read as under:- (i) Additional Collector Cases falling under section 11 and section 36 without any restriction as to the amount of tax involved or amount erroneously refunded. (ii) Deputy Collector Cases falling under section 11 and section 36 provided that the amount of tax involved or the amount erroneously refunded does not exceed two and a half million rupees. (iii) Assistant Collector Cases falling under section 11 and section 36 provided that the amount of tax involved or the amount erroneously refunded does not exceed one million rupees. (iv) Assistant Collector/Senior Auditor Cases falling under section 11 and section 36 provided that the amount of tax involved or the amount erroneously refunded does not exceed ten thousand rupees. (v) Any officer of Sales Tax with any other designation Such cases as may be notified by the Board. Section 45 A- Power of the Board and Collector to call for record Subsection (3) has been amended to limit the period for reopening cases under the Sales Tax Act, 1990 and Federal Excise Act, 2005, from 5 years to 3 years from the date of original decision or order of the subordinate officer. This change shall be effective from 1 July, 2009. Section 45 A- Decision on Appeal To make the provisions of this section in line with similar provisions in other sections, the period for making a decision on appeal by the Collector has been reduced from 120 days to 60 days. A new provision has also been added as it is done with similar change in other sections whereby the period for adjournment on the request of the appellant, or postponement of proceedings or stay order, remand and ADR proceedings shall not be included in these 60 days. Section 47A- Indirect Taxes Settlement Committee Subsection (3) has been changed to provide the committee 180 days instead of 60 days for making recommendation for the-settlement. Subsection (3A) has been newly inserted providing that if the committee fails to make recommendations within the stipulated period under subsection (3) the Board may dissolve the committee and appoint a new committee. Section 67- Delayed Refund To make the provision compatible with the similar provisions in the income tax, this section has been changed to provide that in case of delayed refund the claimant shall be paid an additional amount based on KIBOR. Table 2 Serial number 11 has been inserted to exclude the words ware potatoes and onions meaning thereby that the exemption available on import of ware potatoes and onion has been withdrawn. This change shall be effective from 14 June, 2009. CUSTOMS -SALIENT FEATURES Items Exempted from Custom duty:- Relief goods donated for free distribution among victims of natural disaster or other catastrophes. Plant, machinery and equipment imported by way of donation for installation in the earth quake districts as certified by ERRA or National Disaster Management Authority. Surgical equipments of cardiology, cardiac surgery, neuro vascular, electro physiology, endo surgery, endoscopy, oncology, urology and gynecological disposables. Preferential duty on imports of about 34 different items from Peoples Republic of China, S.R.O. 497(I)/2009, including motor cars, refrigerators, freezers up to capacity of 800L, air conditioners etc. by way of exemption for whole of custom duty in excess of the range of 35% to 50% according to respective classification. Mobile phones reduced from Rs.750 per set to Rs.250 per set and regulatory duty of Rs.250 per set withdrawn. Custom Duty Reduced on following items:- From 10% to 5% on raw materials for manufacturing pre-fabricated steel buildings. From 32.5% to 20% on import of Kits for four stroke auto-rickshaws to promote local assembly and reduce cost of manufacturing. From 20% to 15% on import of Pharmaceutical packing materials (PVC rigid films and aluminum foil). STEPS REGARDING INCORPORATION OF COMPANY Confirm the availability of name from Registration office. Documents to be submitted:- 1. Form 1 (Declaration of Applicant ) 2. Form 21 (Notice of Situation of Registered Office) 3. Form 29 (Particulars of Directors) 2 Copies 4. Form 28 (Consent of Directors in case of public company only) 5. Form S-1 (Notice of Nomination of Nominee Director in case of single member company only) 6. Memorandum and Articles of Association (4 Sets) 7. Authority letter in favour of person applying for incorporation on Rs.500 Stamp Paper. 8. Challan of fees according to Authorized Capital. Requirements after obtaining Certificate of Incorporation * To appoint CEO within 14 Days. * To appoint Auditors within 60 Days. * To obtain certificate of Commencement of business only in case of Public Company. * To hold Statutory Meeting within six months after obtaining certificate of commencement of business. * To hold Annual General Meeting (AGM) within eighteen months after incorporation and subsequently once in every calendar year within a period of four months following the close of financial year. However the time between two AGMS should not exceed fifteen months. FEE SCHEDULE FOR REGISTRATION OF COMPANY WITH EFFECT FROM 6th FEBRUARY, 2009 S.R.O. 119(I)/2009 SR.NO. AUTHORISED CAPITAL RS. REGISTRATION FEE RS. FILING FEE RS. TOTAL FEE RS. 1. 100,000 5,000 4,000 9,000 2. 200,000 6,000 4,000 10,000 3. 300,000 7,000 4,000 11,000 4. 400,000 8,000 4,000 12,000 5. 500,000 9,000 4,000 13,000 6. 600,000 10,000 4,000 14,000 7. 700,000 11,000 4,000 15,000 8. 800,000 12,000 4,000 16,000 9. 900,000 13,000 4,000 17,000 10. 1,000,000 14,000 4,000 18,000 11. 1,100,000 15,000 4,000 19,000 12. 1,200,0000 16,000 4,000 20,000 13. 1,300,000 17,000 4,000 21,000 14. 1,400,000 18,000 4,000 22,000 15. 1,500,000 19,000 49000 23,000 16. 1,600,000 20,000 4,000 24,000 17. 1,700,000 21,000 4,000 25,000 18. 1,800,000 22,000 4,000 26,000 19. 1,900,000 23,000 4,000 27,000 20. 2,000,000 24,000 4,000 28,000 21. 2,100,000 25,000 4,000 29,000 22. 2,200,000 26,000 4,000 30,000 23. 2,300,000 27,000 4,000 31,000 24. 2,400,000 28,000 4,000 32,000 25. 2,500,000 29,000 4,000 33,000 26. 2,600,000 30,000 4,000 34,000 27. 2,700,000 31,000 4,000 35,000 28. 2,800,000 32,000 4,000 36,000 29. 2,900,000 33,000 4,000 37,000 30. 3,000,000 34,000 4,000 38,000 31. 3,100,000 35,000 4,000 39,000 32. 3,200,000 36,000 4,000 40,000 33. 3,300,000 37,000 4,000 41,000 34. 3,400,000 38,000 4,000 42,000 35. 3,500,000 39,000 4,000 43,000 36. 3,600,000 40,000 4,000 44,000 37. 3,700,000 41,000 4,000 45,000 38. 3,800,000 42,000 4,000 46,000 39. 3,900,000 43,000 4,000 47,000 40. 4,000,000 44,000 4,000 48,000 41. 4,100,000 45,000 4,000 49,000 42. 4,200,000 46,000 4,000 50,000 43. 4,300,000 47,000 4,000 51,000 44. 4,400,000 48,000 4,000 52,000 45. 4,500,000 49,000 4,000 53,000 46. 4,600,000 50,000 4,000 54,000 47. 4,700,000 51,000 4,000 55,000 48. 4,800,000 52,000 4,000 56,000 49. 4,900,000 53,000 4,000 57,000 50. 5,000,000 54,000 4,000 58,000 51. 5,100,000 54,500 4,000 58,000 52. 5,200,000 55,000 4,000 59,000 53. 5,300,000 55,500 4,000 59,000 54. 5,400,000 56,000 4,000 60,000 55. 5,500,000 56,500 4,000 60,500 56. 5,600,000 57,000 4,000 61,000 57. 5,700,000 57,500 4,000 61,500 58. 5,800,000 58,000 4,000 62,000 59. 5,900,000 58,500 4,000 62,500 60. 6,000,000 59,000 4,000 63,000 61. 6,100,000 59,500 4,000 63,500 62. 6,200,000 60,000 4,000 64,000 63. 6,300,000 60,500 4,000 64,500 64. 6,400,000 61,000 4,000 65,000 65. 5,500,000 61,500 4,000 65,500 66. 6,600,000 62;000 4,000 66,000 67. 6,700,000 62,500 4,000 66,500 68. 6,800,000 63,000 4,000 67,000 69. 6,900,000 63,500 4,000 67,500 70. 7,000,000 64,000 4,000 68,000 71. 7,100,000 64,500 4,000 68,500 72. 7,200,000 65,000 4,000 69,000 73. 7,300,000 65,500 4,000 69,500 74. 7,400,000 66,000 4,000 70,000 75. 7,500,000 66,500 4,000 70,500 76. 7,600,000 67,000 4,000 71,000 77. 7,700,000 67,500 4,000 71,500 78. 7,800,000 68,000 4,000 72,000 79. 7,900,000 68,500 4,000 72,500 80. 8,000,000 69,000 4,000 73,000 81. 8,100,000 69,500 4,000 73,500 82. 8,200,000 70,000 4,000 74,000 83. 8,300,000 70,500 J 4,000 74,500 84. 8,400,000 71,000 4,000 75,000 85. 8,500,000 71,500 4,000 75,500 86. 8,600,000 72,000 4,000 76,000 87. 8,700,000 72,500 4,000 76,500 88. 8,800,000 73,000 4,000 77,000 89. 8,900,000 73,500 4,000 77,500 90. 9,000,000 74,000 4,000 78,000 91. 9,100,000 74,500 4,000 78,500 92. 9,200,000 75,000 4,000.. 79,000 93. 9,300,000 75,500 4,000 79,500 94. 9,400,000 76,000 4,000 80,000 95. 9,500,000 76,500 4,000 80,500 96. 9,600,000 77,000 4,000 81,000 97. 9,700,000 77,500 4,000 81,500 98. 9,800,000 78,000 4,000 82,000 99. 9,900,000 78,500 4,000 82,500 100. 1,000,0000 79,000 4,000 83,000 ON EVERY ADDITIONAL CROR UPTO 5,000,000,000 RS.50,000 ON EVERY ADDITIONAL CROR UPTO 5,000,000,000 RS.20,000 TABLE OF FEE TO BE PAID TO THE REGISTRAR AND THE COMMISSION WITH EFFECT FROM 6th FEBRUARY, 2009, 119(I)/2009 Sr.No. On Line Physical 1 FILING FEE OF ALL DOCUMENTS OTHER THAN CHARGE 5,00 1,000 2 FILING FEE CHARGE DOCUMENTS 5,000 7,500 3 BY COMPANY NOT HAVING A SHARE CAPITAL OTHER THAN A COMPANY REGISTERED UNDER A LICENCE GRANTED 20,000 30,000 4 BY COMPANY NOT HAVING A SHARE CAPITAL COMPANY REGISTERED UNDER A LICENCE GRANTED 25,000 50,000 5 APPLICATION FOR GRANT OF LICENCE UNDER SECTION 42 5,000 10,000 6 BY A COMPANY ESTABLISHED OUTSIDE PAKISTAN HAS A PLACE OF BUSINESS IN PAKISTAN 25,000 50,000 7 FOR INSPECTING DOCUMENTS KEPT BY THE REGISTRAR 200 500 8 FOR CERTIFIED COPY OF CERTIFICATES 100 200 9 FOR CERTIFIED COPY OF MEMORANDUM OF ASSOCIATION OF (PVT.) CO. 250 500 10 FOR CERTIFIED COPY OF MEMORANDUM OF ASSOCIATION OF OTHER THAN (PVT.) CO. 500 1,000 11 FOR CERTIFIED COPY OF RETURNS OF (PVT.) LIMITED 100 200 12 FOR CERTIFIED COPY OF RETURNS OF OTHER THAN (PVT.) CO. 200 300 13 APPLICATION BY MEMBER OF THE COMPANY 500 500 14. APPLICATION BY CREDITOR OF THE COMPANY 500 1,000 15. APPLICATION BY OR ON BEHALF OF COMPANY 500 1,000 16 APPLICATION FOR CHANGE IN MEMORANDUM OF ASSOCIATION 5,000 10,000 17 APPLICATION TO THE REGISTRAR SEEKING APPROVAL FOR CHANGE OF NAME 1,000. 2,000 18 APPLICATION FOR AVAILABILITY OF NAME 200 500 19 APPLICATION FOR EXTENTION IN AGM PUBLIC CO. 15,000 15,000 20 APPLICATION FOR EXTENTION IN AGM PRIVATE CO. 5,000 5,000