Briskly changing tax environment and taxation laws and policies across the globe has enhanced focus on the effective and efficient management of the taxes both globally and locally. In this new era understanding the tax impact on business operations and transactions in multiple jurisdictions is vital for a company’s survival. Tax function role has gone miles ahead from managing and optimizing an organization’s tax impact and as tax advisor and business advisor to managing the global tax exposure.
Income Tax Return (ITR) is a form that an individual submits to the Income Tax Department of Pakistan to file information about his income the amount of taxes to be paid to the government or government organizations or, potentially, back to the taxpayer.
Incorporation is the legal process used to form a corporate entity or company. A corporation is the resulting legal entity that separates the firm's assets and income from its owners and investors.
Withholding tax (WHT) is essentially a presumed tax, based on the assumption that an earner with a particular level of income will presumably continue to earn that amount (if not less) in the future. It is declaration of amount withheld by employer or a buyer during a quarter.
Tax compliance is the process of adhering to the rules and regulations set by a government regarding the payment and reporting of taxes. This involves accurately calculating and reporting taxable income, paying taxes owed on time, and complying with all applicable tax laws and regulations.
A Sales Tax return is the taxpayer's declaration document in which the taxpayer not only provides data of transactions during a tax period but also deposits his Sales Tax liability. The taxpayer declares for a certain tax period and appropriate input and output tax, at the stipulated rate of Sale Tax, on the return form. If input tax exceeds output tax, the amount of refund claimed or excess input tax is also declared in the return.
Full range of administration support and company liquidation, provision of changes in company’s legal status at the respective authorities, company’s shared capital issuance, increase and reduction, agreements governing the relationships between related parties, and different stakeholders, provision of legal support by the negotiation with trading partners and preparation of corresponding legal documentation, preparation of annual general meetings and other shareholders’ meetings.
Effective and efficient tax services provide competitive advantage by lowering the tax and administrative costs yet keeping your business compliant with the applicable tax laws and regulations. Our industry professionals have vast and extensive function knowledge that is accompanied by technical proficiency and strong relationship with our business partners. We understand the industry needs and business issues that our business partners face which help us formulating business feasible and tax compliant solutions for them. We offer a wide range of tax services including corporate and individual planning along with compliance, as well as global projects that involve designing and implementing tax strategies to help produce sustainable long term tax saving. With proactive approach, our tax specialists and accountants help clients comply with income and sales tax in light of ITO, 2001 and STA, 1990. This protects our clients from any future litigations or notices from FBR.