Personal and Corporate Tax Management

Under the Pakistan tax laws every company, not for profit organization, welfare institution, prescribed persons, and other persons whose annual income exceeds the prescribed limit are required to file tax return after obtaining registration for income tax or NTN and Personal and Corporate Tax Management . Whereas sales tax registration is required for the businesses whose supplies and services are subject matter of sales/services tax under the federal and respective provincial sales tax laws. Presently in Pakistan there are two federal sales tax laws, one Federal Excise Duty (FED) law, one customs law, one services sales tax law for each province and one income tax law for whole Pakistan. Whereas the state of Azad Jammu and Kashmir and Gilgit Baltistan have adopted federal tax laws for taxing the income and supplies/services in their territories.

Faxton provides services for:

  1. effective planning to yield maximum tax benefits available under the Pakistan tax laws for eligible persons;
  2.   tax planning for executive benefits, incentives, allowances, and allied payments;
  3.   tax efficient personal and corporate planning for sizeable investment prospects;
  4.   income tax/NTN and sales tax registration, of individuals, firms, and companies;
  5.   preparing and filing of monthly, quarterly, and annual tax statements;
  6.   preparing the periodical (monthly, quarterly, and annual) tax estimates for filing with the tax authorities;
  7.  assisting the businesses in tax audits carried out by the tax authorities;
  8.  obtaining tax exemptions and approvals for special tax rates on imports, local supplies, and incomes;
  9.  obtaining tax refunds of the amount paid in excess to what is payable under the law
  10. seeking clarifications from the tax authorities on special nature of transactions/incomes;
  11. conducting tax training workshops for clients and public;
  12.  expatriate taxation.
  13.  tax due diligence……. Read more for complete range of Faxton services

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