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Taxation Management
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INCOME TAX:
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The Firm’s tax department is committed to deliver integrated solutions that result
in real savings for clients. Our experts provide business advice tailored to meet
the specific needs of individual client, on a national level and beyond. We offer
a full range of tax services including corporate and individual planning and compliance,
as well as global projects that involve designing and implementing tax strategies
to produce sustainable long term tax savings. We also offer advice in specialist
areas such as international corporate tax, mergers and acquisitions, transfer pricing
and international executive services.
Taxation of income has a significant bearing on the returns to investors and any
ill-informed decision may increase the ultimate tax burden. Compliance with various
regulatory provisions of tax laws is another area which is time consuming and cumbersome.
Keeping abreast with the developments in tax laws and evaluating their impact results
in significant economic benefit. Timely compliance with the regulatory requirement
not only requires additional manpower, some times, at much higher cost but may also
affect the other activities of the organization. In order to satisfy needs of our
clients, the firm provides full range of services to suit any business enterprise,
be it in the form of advises or compliance assistance. Our services include:
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Advisory services including determination of income and chargeability of tax, exemptions,
and withholding tax matters.
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Compliance services relating to corporate taxation.
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Representations before field tax authorities.
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Representations before Central Board of Revenue.
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Representations in appeals.
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Representing various organizations on different forums.
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Individual of high net-worth are prone to tax default and inefficient planning,
due to scarcity of time, which results in penalties and higher incidence of tax.
The situation becomes more critical if various interests and sources of income are
involved. Although, tax compliance is the responsibility of the individual concerned,
but generally organizations do provide such services to the directors and executives,
as an additional benefit. In order to minimize the risks of default and higher incidence
for the high net-worth individuals and to assist the organization in fulfilling
their assumed responsibilities, the firm has developed a range of services, which
includes:
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Tax planning for expatriates
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Compliance services in respect of personal taxation.
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Advisory services on minimizing tax exposure/increasing tax savings.
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SALES TAX AND FEDERAL EXCISE DUTY:
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There has been a growing emphasis by the Government on these forms of indirect taxes,
more particularly on the Sales Tax. A VAT mode Sales Tax has been introduced in
1996. Lack of knowledge on the part of tax administrators/taxpayers and extensive
frequent changes in the law has made it difficult to comply with legal requirements.
This has resulted in increased cost to the taxpayer. The firm has mobilized its
resources and established a separate department to meet client’s needs. The firm
provides full range of Sales Tax services which includes; Sales Tax system evaluation,
Sales Tax audit and Sales / Services Tax advisory services.
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Advisory services including determination of chargeability, liability and exemptions
of sales Tax and Federal Excise Duty.
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Compliance services relating to Sales Tax and Federal Excise Duty.
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Representations before field sales tax authorities.
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Representations before Central Board of Revenue.
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Representations in appeals.
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6
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Representing various organizations on different forums.
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TAX CARDS:
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When National Assembly of Pakistan, approves Finance Act every year, our team of
experts prepare Tax Cards for clients. Tax Cards reflect personal, corporate and
withholding Income Tax rates and some important cut off dates. We also send copies
of important circulars and other notifications issued by the Central Board of Revenue
to our concerned clients and keep them updated on matters relating to their business.
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