Taxation
a) Corporate Taxation
Corporate tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsh penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government.
We offer a range of services to help you minimize your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include:
b) Partnership & Partners’ Taxation
Tax and financial planning for partners of professional and partnership firms, as well as advice on partnership agreements and regulatory issues. Partnerships can be difficult structures to manage, since the owners also act as employees. Because you are concentrating on giving excellent service to your clients, you may end up neglecting the future of your own business. We are conscious of the dangers and can offer experience and objectivity to help you develop planning methods so that your partnership can run on a sound commercial basis.
Sometimes decisions have to be taken which involve conflict of interest between partners and in these situations, we can act as external facilitators. And if mergers are contemplated, we will help you strike the best deal The tax treatment of professional partnerships can be very complex. It is particularly important to take into account the individual tax situation of each of the partners. We can help you through this minefield and ensure that there are no nasty shocks at the end of the tax year
c) Personal Taxation
We provide complete range of services for income tax as well as wealth tax including tax planning strategy, computation and filing of tax returns, finalization of assessments, representations, objections, appeals and keeping clients updated on ongoing developments. We really understand the personal tax issues of affecting locals and foreign nationals living or working in the Pakistan and can advise you on how to avoid paying unnecessary tax. We also help temporary residents in Pakistan, and give tax advice to Pakistani nationals who are going abroad, either permanently or temporarily.
We also encourage you to consider lifetime tax planning, focusing on the different opportunities available to you at various stages of your personal and professional life, such as starting your career, family commitments, planning for retirement or passing on your wealth or business to others.
d) Self –Assessments
The term 'self-assessment' is proving to be one of the great misnomers of all time. Many taxpayers struggle to understand the complex tax returns and complete them correctly. The constant stream of changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties on account of failing to complete their returns on time or correctly. We can save a lot of your time, worry, and money by handling your selfassessment for you. We will do all the necessary computations, complete your return, and even offer advice on how you can minimize your tax liability
We can act as your agent, dealing directly with the Inland Revenue on your behalf and, should you be selected for a self- assessment enquiry, act for you at any meeting
Sales Tax
The firm provides comprehensive advisory service in the field of sales tax which
includes structuring the sales tax system, implementation of sales tax system, filing of sales tax returns, undertaking representations, objections & appeals and obtaining exemptions & concessions wherever applicable.
We provide efficient cost effective services, which include:
