• Home
• About
• Services
  • Taxation
  • Audit & Accounts
  • Corporate Affairs
  • Provident/Graduity Fund Management
  • Consultancy
  • Ivestigations
• Contact

TAXATION

The tax laws of this country are very complicated, and if recent Finance Act is anything to go by this complexity will not abate but increase. Indeed the increasing complexity of the Pakistan tax system is such that it is in grave danger of collapsing.

It is therefore, more important than ever before to take advice on tax issues before embarking on any important transaction, whether this be the execution of a lease agreement, the designing of a factory, the arrangement of a remuneration package, the royalty agreement with the overseas partner or the arrangement to transfer assets under the scheme of merger and acquisition.

All too often insufficient attention is paid to the tax aspects of transaction. Whilst the tax tail should not wag the proverbial dog, as the government can and does take a substantial part of a company’s profits in tax it is the duty of company directors and accountants to maximize post tax profits by legitimate methods of tax planning. It assists the entities to achieve economic efficiency and to take advantages available under the tax laws.

AQC has the capabilities to advise clients on Corporate Tax Planning and to develop effective corporate strategic tax plans. AQC’s tax planning approach fully considers the taxation effect of existing lines of businesses and prospective business; tax implications of business decisions/plans for joint venture; structuring of specific transaction and tax effects on another strategic business decisions.

AQC tax specialists monitor and analyze clients’ business affairs and developments in international tax laws, providing positive recommendations and decisive solutions to tax problems. Their approach assures that the client can anticipate and react to changes in tax laws, identify the potential problems and strategically structure their business activities to maximize tax benefits.

AQC provides full range of tax services including all aspects of income tax and sales tax laws, determination of income and chargeability of tax, consideration to the terms of any relevant double tax treaty; exemptions; withholding tax matters; compliance of tax notices issued to clients; representations before the Central Board of Revenue in matters of tax appeals, including appeals and representations before the Income Tax Appellate Tribunal and representing client on different forums.

AQC takes tax assignments right from the filing of annual tax returns up to the appellate tribunal. And provide complete professional services from maintaining formal statements and records for the purpose of filing return to the completion of assessment proceedings.

The tax personnel at AQC offices are competent in the tax field. Most of them have legal background and every member of the tax personnel team has extensive background in accounting and tax concepts as well as strong presentation skills.