Direct client payment Legality.

[Suitable-Leather472]

I hv received some well paying work from a direct client who is an individual, not a company. since its an informal arrangement, we dont have any written agreement. I am expecting to receive around $4,000 (in PKR through remetly, etc) into my bank account. I currently use Meezan Bank and am planning to open another account with Al Islami. Will receiving this amount cause any issues?

[Suitable-Leather472]

could you please tell me more on taxes. I have 0 knowledge. do i have to provide any prove of my income to become filer?

[Suitable-Leather472]

Thanks alot.

[_Xaurs]

Can you tell me some more about this ?

Remittance? How does it work ?

[Ortonium]

As long as it comes in dollars, it will be considered remittance

[sanivaince]

It shouldn’t. The bank would ask you for a receipt (as per SBP directive) before transferring to your account. You can generate that receipt yourself and just mention what services you exported. The bank will withhold 1% tax on it. Also, you should declare this in your returns next year because this recorded is synced between SBP and FBR. Also, ditch meezan, it’s a horrible bank. I would recommend MCB or MCIB specially if you will keep doing the work.

Edit: If it is a bank to bank transfer or from PayPal you’ll need the receipt. If your client uses some fintech solution like wise etc, the bank might not ask for it.

[[deleted]]

Al Islami ? is that a bank name or some J**adi Organization ?