Retainer Invoice for Pakistan

Retainer Invoice Template for Pakistan

A retainer invoice is a formal billing document used in Pakistan to charge clients for services provided under a retainer arrangement. This document complies with Pakistani tax laws, including the Income Tax Ordinance 2001 and Sales Tax Act 1990, and contains all necessary elements required by local regulations. It details the billing period, services covered, payment terms, and applicable taxes, serving as both a payment request and a legal record of the ongoing professional relationship between the service provider and client. The document incorporates specific requirements for Pakistani business documentation, including proper tax registration numbers and required payment information.

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What is a Retainer Invoice?

The Retainer Invoice is a specialized billing document used in Pakistani business contexts where services are provided on an ongoing basis for a set fee. This document type is essential when a service provider has established a continuing professional relationship with a client and needs to bill regularly for reserved time or services. It must comply with Pakistani tax regulations, including proper documentation of sales tax and income tax. The retainer invoice should be used when there is a pre-arranged agreement for ongoing services, typically including professional services, consulting, or advisory work. It differs from standard invoices by including specific retainer period details, service level commitments, and potentially unused service allowances. The document serves multiple purposes: as a billing instrument, a tax document, and a record of the ongoing professional engagement.

What sections should be included in a Retainer Invoice?

1. Invoice Header: Contains the invoice number, date, and the word 'RETAINER INVOICE' clearly displayed

2. Service Provider Details: Complete business information of the service provider including name, address, contact details, and tax registration numbers

3. Client Details: Complete business information of the client including name, address, and contact details

4. Retainer Period: Clear specification of the billing period covered by the retainer

5. Service Description: Brief description of the services covered under the retainer agreement

6. Fee Details: The retainer amount, clearly stated in both numbers and words

7. Payment Terms: Payment due date and accepted payment methods

8. Tax Details: Breakdown of applicable taxes including income tax and sales tax as per Pakistani law

9. Total Amount: Final payable amount including all taxes and charges

10. Banking Details: Service provider's bank account information for payment

What sections are optional to include in a Retainer Invoice?

1. Service Level Details: Used when specific service levels or hours are guaranteed under the retainer arrangement

2. Additional Charges: Include when there are potential additional charges beyond the retainer amount

3. Carry Forward Terms: Used when unused retainer hours can be carried forward to next billing period

4. Discount Section: Include when any special discounts or promotional rates are applied

5. Previous Balance: Include when there are outstanding amounts from previous invoices

What schedules should be included in a Retainer Invoice?

1. Time Sheet: Detailed breakdown of time spent on various activities during the retainer period

2. Service Delivery Report: Summary of services delivered during the billing period

3. Tax Calculation Schedule: Detailed breakdown of tax calculations as per Pakistani tax laws

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Pakistan

Publisher

Genie AI

Document Type

Invoice Form

Sector

Sales

Cost

Free to use
Relevant Industries

Legal Services

Consulting

Information Technology

Professional Services

Marketing and Advertising

Financial Services

Business Process Outsourcing

Healthcare Services

Engineering Services

Education and Training

Relevant Teams

Finance

Accounting

Legal

Administration

Business Development

Tax

Compliance

Treasury

Operations

Relevant Roles

Finance Manager

Accounts Receivable Specialist

Tax Consultant

Business Development Manager

Contract Administrator

Accounting Manager

Chief Financial Officer

Billing Coordinator

Financial Controller

Legal Counsel

Administrative Manager

Company Secretary

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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