TAX SERVICES

Your business will only achieve its true potential if you build it on strong foundations and grow it in a sustainable way. We believe that managing your tax obligations responsibly and proactively can make a critical difference.
Our Tax Advisors are focused on finding and leveraging opportunities to help clients manage and reduce their tax burden. Domestic and International tax issues play a key role in management decisions. Therefore, we provide a comprehensive range of services in taxation covering direct as well as indirect taxes. We can help align your tax strategies with your business needs, meeting compliance obligations wherever they arise.
Our team can advise you on all areas of corporate, international, indirect or personal taxation. We work with you to bring you the focused, appropriate and effective answers you need. We specialize in providing services to foreign companies and their employees working in Pakistan. Our services are tailored so that both international and local implications are taken into account in order to achieve highly structures of our clients thereby providing the most optimal compliance route.
In taxation, our services cover all aspects of income tax, sales tax, federal excise, and other direct taxes. The services include tax registration; tax planning and strategy development; obtaining confirmations, clarifications and permissions from the tax authorities; conducting tax audits; preparation and filing of electronic tax returns, finalization of tax audit and undertaking representations, objections and appeals and seeking tax exemptions.

Many types of businesses are exposed to indirect taxes, such as sales tax and excise duty, which can affect their competitiveness. The network of Trade and Customs professionals can advise clients on possible reductions of both administrative and tax costs, particularly in relation to the import or export of goods.

Effective tax advice can give your business a competitive advantage through lower tax costs and the risk of regulatory challenge and sustainability

Tax Services Scope
o Income Tax
o Sales Tax
o Federal Excise
o Other Direct Taxes


Tax Services Areas
o Tax Registration
o Tax Planning and Strategy Development
o Obtaining Confirmations, Clarifications and Permissions From the Tax Authorities
o Conducting Tax Audits
o Performing as E-Intermediary
o Preparation and Filing of Electronic Tax Returns of Income Tax and Sales Tax
o Finalization of Tax Audit and Undertaking Representations
o Objections and Appeals

Tax Exemptions
o Approval as non-profit organization (NPO) (NGO / INGO) under section 2(36) of the Income Tax Ordinance 2001.
o Exemption under clause 58 and 61 of the Second Schedule to the Income Tax Ordinance 2001 for NPO.
o Tax exemptions for educational institutions.
o Other tax exemptions as applicable from client to client.

Tax Refunds
o Tax Refunds are very important for our clients, therefore, we always give due diligence for claim of proper tax credits and taking refunds from tax authorities.

• Our Specialized Services for Withholding Tax Agents
Following are our specialized services for Corporate Sector, NPOs, INGOs, and all those who are liable to withheld Income Tax on payments. These outsourced services remain very attractive, cost efficient and helpful for those organizations dealing with large number of transactions.

A. ADVISE & UPDATES ON WITHHOLDING TAX:
o Regular advice of Withholding Income Tax on payments.
o Updating changes of Withholding Tax Laws, applicable to the Organization.
o Calculation of withholding tax on salary of each individual.

B. PREPARATION OF E-CHALLAN FOR WITHHOLDING TAX:
o Before preparation of e-challan of Withholding Income Tax we analyze the accuracy of tax rate application in order to save our clients from legal implications of section 161& 205 of the Income Tax Ordinance 2001.
o Preparation of monthly e-challan for Withholding Tax payment in respect of salaries.
o Preparation of weekly e-challan for Withholding Tax payment in respect of all payments other than salaries.

C. PREPARATION & E-SUBMISSION OF MONTHLY WITHHOLDING TAX STATEMENTS:
o Collection of data from all projects / units of the organization (if any).
o Consolidation and finalization of data for preparation of monthly statements of withholding Income Tax in respect of Salaries and payments other than salaries.
o Preparation and electronic submission of monthly Withholding Tax Statement u/s 149 of Income Tax Ordinance 2001 in respect of Salaries.
o Preparation and electronic submission of monthly Withholding Tax Statement u/s 165(2) of Income Tax Ordinance 2001 in respect of payments other than Salaries.

D. PREPARATION & E-SUBMISSION OF ANNUAL WITHHOLDING
TAX STATEMENTS:

o Consolidation and finalization of data of the financial year for preparation of annual statements of withholding Income Tax in respect of Salaries and payments other than salaries.
o Preparation and electronic submission of Annual Withholding Tax Statement u/s 149 of Income Tax Ordinance 2001 in respect of Salaries.
o Preparation and electronic submission of Annual Withholding Tax Statement u/s 165(2) of Income Tax Ordinance 2001 in respect of payments other than Salaries.

E. CERTIFICATE OF COLLECTION OR DEDUCTION OF TAX:
o A cumbersome exercise of preparation of Certificates of Collection or Deduction of Tax under Income Tax Rules 2002 now can be outsourced.

F. REPRESENTATION & REPLY OF NOTICES:
o Representation in proceedings before Income Tax Authorities for any matter regarding Withholding Income Tax.
o Reply of notices regarding Withholding Income Tax to Income tax Authorities.

G. AUDIT OF WITHHOLDING INCOME TAX:
o Preparation and representation before Income Tax Authorities, if selected for audit of Withholding Income Tax.

       
 

 
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The advent of information technology has significantly altered the traditional approach of conducting business and has also changed the pattern of business organization in this new environment, one aspect contributing to the success of the business significantly rest on the provision of timely and reliable financial information to promote confidence amongst its stake holders, decision makers and other users of such information.

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  TAX SERVICES
Your business will only achieve its true potential if you build it on strong foundations and grow it in a sustainable way. We believe that managing your tax obligations responsibly and proactively can make a critical difference.
Our Tax Advisors are focused on finding and leveraging opportunities to help clients manage and reduce their tax burden. Domestic and International tax issues play a key role in management decisions.

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  FINANCIAL CONSULTANCIES
Under the threat of increased competition from both domestic and international businesses, the demand for efficient and economical business processes is ever-increasing. The firm provides a range of services to help meet the demands of its clients, which include Feasibility Study , Appraisal & Evaluation , Performance Measurement , Process Improvement Services & Cost Management Services.


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