What Benefits you can get from tax amnesty Scheme?

Tax Amnesty scheme 2018 announced by Govt. of Pakistan can help individuals and AOPs to get huge benefits.You can talk to the Tax expert for free consultation to convert your black money into white money by regulating it under this scheme.

The government’s tax amnesty could relieve fiscal and external pressures on the economy “if successful”, said Moody’s, the premier credit rating agency in a release early on Friday. “The credit-positive scheme is part of the government’s broader tax reform package” the release noted.

 

Assistance in registration of the prospective beneficieries with the tax authorities;

Correct computation of value of the assets to be declared to avail amnesty;

Tax avoidance by availing tax cusions available under the amnesty ordinance;

Filing of incom tax returns of the proposed declarants and getting them in ‘Active Taxpayers List’ to avoid excess payment of tax on business and domestic transactions;

Advising on prospective tax effective investment opportunities.

President Mamnoon Hussain Defended Tax Amnesty Scheme

President Mamnoon Hussain on Monday defended the tax amnesty scheme, saying that it would help prevent money laundering and bring back the foreign assets for the best interest of the nation.

Talking to media persons during his visit to the Directorate General of Immigration and Passports (DGIP), Hussain, who promulgated four ordinances to give effect to the tax amnesty scheme for whitening of local and offshore hidden assets, said similar schemes have been successful in Malaysia and Indonesia.

He rejected the opinion that all wealth stashed abroad by Pakistani nationals was achieved through ill-gotten means. “Most assets are a result of hard-earned money of Pakistanis, and it was not correct to target them across the board,” he added, justifying the incentives given to declare foreign assets and pay nominal tax on them.

On inter-institutional relations, President Mamnoon said every institution should work within its own ambit to avoid such a situation, which could be detrimental to the country’s future. When asked if he would like to play a role in minimising the rift, he said he believed all were mature enough to sort things out on their own in the national interest.

Source: Pakistan Today

He mentioned that the country was headed towards prosperity as projects under the China-Pakistan Economic Corridor (CPEC) gather pace, adding that it requires a joint effort of all stakeholders.

Talking about the upcoming 2018 general elections, the president also said he was hopeful for timely elections.

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How Faxton Consulting can help in Business Strategic Planning

·            Formulating effective and tax-efficient cross-border strategies for both inbound and overseas investments.

·            Capitalizing on planning opportunities presented by local tax law as well as treaty network.
·            Structuring acquisitions, divestitures and corporate reorganizations for tax optimization.
·            Staying abreast of new developments within the international arena that affect clients’ businesses, both globally and locally.
·            Advance rulings to lend an element of certainty to non-resident investors in their proposed transactions in Pakistan.

Consulting and advisory

  • Analyzing the tax impact of transactions holistically having regard to direct tax, indirect tax, regulatory and transfer pricing implications.
  • Providing opinions on transactions from a domestic law and tax treaty viewpoint.
  • Identifying tax planning opportunities and addressing potential problem areas in the course of undertaking day to day business activities.

 

Business restructuring

  • Conceptualization of the proposed structure in the light of business objectives.
  • Structuring the reorganization – merger, spin off, acquisition or capital arrangement – from a tax and regulatory perspective.
  • Implementation support to put the structure in place having regard to tax efficiencies, regulatory procedures and intended timeframes.

 

Strategic planning for your business in Pakistan

Strategic planning is one of the most missing part of most businesses in Pakistan.You can reduce risk while pre planning of your business financial and physical assets.You can avail expertise to get risk free assessment for your business that will help you save millions.

How Faxton Consulting International can help in Strategic Planning

 

  • Formulating effective and tax-efficient cross-border strategies for both inbound and overseas investments.

 

 

  • Capitalizing on planning opportunities presented by local tax law as well as treaty network.

     

  • Structuring acquisitions, divestitures and corporate reorganizations for tax optimization.Staying abreast of new developments within the international arena that affect clients’ businesses, both globally and locally.

     

 

 

  • Advance rulings to lend an element of certainty to non-resident investors in their proposed transactions in Pakistan.

 

 

Taxation Consultancy in Pakistan

The firm whilst providing highest quality of service ensures that it complies with the professional body’s standards, ethics and adherence to risk policies of Faxton.

Our industry professionals have extensive domain knowledge that is complemented by technical proficiency and dedicated relationships with respective clients. Our tax professionals have a strong reputation in developing new ideas and solutions that have helped clients to improve their efficiencies and offer better services. We understand the underlying industry and business issues that our clients face which helps us to customize solutions for their specific needs.

In the modern day world all businesses are engaged in multinational transactions and operations, they are continually challenged to manage the impact of multiple and ever-changing tax jurisdiction. Faxton Consulting International. provides comprehensive and sophisticated tax assistance in effectively structuring the impact of global taxation.

Taxation

Faxton Consulting International. help enterprises in formulating effective strategies for optimizing taxes, implementing innovative tax planning and effectively managing compliance.

 Corporate Taxation Expert and Consultant in Islamabad

We help businesses achieve their business goals in a tax-efficient manner, both locally and globally. Understanding the tax impact on business operations and transactions in multiple jurisdictions is vital for a company’s survival. 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. 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 and the public. To remain competitive, companies are increasingly focusing on their core competencies and activities that create value for the company.

Our Tax Strategy will be aligned to your Business

Our Tax Operations Advisory Services provide the thought leadership, knowledge, and process    methodologies needed to enhance the value of corporate tax function.

  

How Faxton Consulting International. can help

  • Produce a tax strategy that is aligned with company’s business strategy.
  • Design tax savings measurement for our clients.
  • Increase company’s return on investment from the tax function.
  • Develop manual and / or automated tax processes that reduce costs.

 

Affordable Professional Services with top quality support

The European languages are members of the same family. Their separate existence is a myth.

For science, music, sport, etc, Europe uses the same vocabulary.

The languages only differ in their grammar, their pronunciation and their most common words.

Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators.

To achieve this, it would be necessary to have uniform grammar, pronunciation and more common words.

If several languages coalesce, the grammar of the resulting language is more simple and regular than that of the individual languages.

The new common language will be more simple and regular than the existing European languages. It will be as simple as Occidental; in fact, it will be Occidental.

To an English person, it will seem like simplified English, as a skeptical Cambridge friend of mine told me what Occidental is.

The European languages are members of the same family. Their separate existence is a myth. For science, music, sport, etc, Europe uses the same vocabulary.

The languages only differ in their grammar, their pronunciation and their most common words. Everyone realizes why a new common language would be desirable: one could refuse to pay expensive translators.

Implement Innovative Tax Planning

  • Formulating effective and tax-efficient cross-border strategies for both inbound and overseas investments.
  • Capitalizing on planning opportunities presented by local tax law as well as treaty network.
  • Structuring acquisitions, divestitures and corporate reorganizations for tax optimization.Staying abreast of new developments within the international arena that affect clients’ businesses, both globally and locally.
  • Advance rulings to lend an element of certainty to non-resident investors in their proposed transactions in Pakistan.

 

 

Global Expertise with Local Knowledge

Our Expert team is led by a partner who will deal with you directly and be your regular point of contact. As a client of a Faxton Consulting member firm you are assured of:

  • a firm that is firmly established and respected in its own country
  • a partner-led service
  • experts who understand your market
  • partners who work hard to understand your specific business and its needs
  • knowledge of the local business landscape
  • rapid access to technical guidance and support from other member firms if required
  • seamless continuity of service for your international business needs.

Call us at 0312 3630333 to get Free Consultation.