In today’s complex business environment, creating competitive advantage by incorporating the tax perspective in all business objectives and decisions is the key to success. Business performance and success is essentially a function of the ability to be forward-looking. In this process, seeing through the future trend of domestic and international taxation is very essential so that instead of reacting to the current developments and changes, the business enterprise is poised to take strategic tax decisions and pursue innovative taxation solutions well in time to face new challenges and reap emerging opportunities.
This requires a tax advisor, who not only understands the intricacies of tax law, but also client’s business to guide client on tax issues. We work with client to minimize client’s tax liability while ensuring that their organization complies with the tax laws.
We offer a new look at our client’s tax position with an eye towards their business objectives. We work closely with client to understand organization goals and strategies and the way industry and economic trends affect their business.
Our approach to tax issues reflects the various needs and ambitions of our clients whether advising on the tax aspects of companies or completing a personal tax return, we know that two-tax situations are never the same. We can develop tax strategies for our clients that can work for their organization and help to streamline compliance process.
Our taxation services are:
Corporate Taxation
We help local and multinational businesses to achieve their business goals with an efficient tax management system, both locally and globally. Understanding the tax impact on business operations and transactions in multiple jurisdictions is vital for a company’s viability. We provide tax consulting, advisory and cross-border restructuring support services from conceptualization of the tax strategy through analysis of tax and regulatory implications of transactions and finally implementation assistance, from the perspectives of domestic law and the international tax treaty network. With the increasing focus on governance and regulation, tax compliance has never been so important in the past. Compliance failure represents not only a financial risk — financial penalties and possible increase in the tax charge, but also a serious business risk, as it can damage the taxpayer’s reputation with the authorities, the customers and the public. To remain competitive, companies are increasingly focusing on their core competencies and activities that create value for the company.
Our range of services in the area of corporate taxation includes:
- Advisory services including determination of income and chargeability of tax, exemptions, and withholding tax matters.
- Advisory services in respect of tax implications of proposed business transactions.
- Advising tax beneficial restructuring in relation to national and international Mergers & Acquisition transactions.
- Tax due diligence before mergers and acquisition transactions.
- Corporate tax compliance services.
- Representations before field tax authorities.
- Representations before the Federal Board of Revenue, the apex regulatory body in Pakistan.
- Representations in appeals.
- Representing clients at different tax administrative forums.
Individual Taxation
Pakistan levies tax on its residents on their worldwide income. A non-resident individual is taxed only on Pakistan-source income, including income received or deemed to be received in Pakistan or deemed to accrue or arise in Pakistan. We assist and help individuals in filing their Income Tax return.