Corporate Taxation

We help local, non-profit and multinational 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 Consultants, 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.

Our range of services in the area of corporate taxation includes:

• Advisory services including determination of income and charge-ability 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 in relation to the corporate income tax.

• Corporate tax compliance services relating to corporate taxation.

• 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.

Personal Taxation

Individuals of high net-worth are prone to tax default and inefficient planning, which results in higher incidence of tax. The situation becomes more critical in view of their varying interests and sources of
income.

Although, tax compliance is the responsibility of the individual concerned, but generally organizations do provide such services to the employees, as an additional benefit. To help reduce the risk of default for high net-worth individuals and to assist organizations in fulfilling their assumed responsibilities, we provide services, which include:

• Tax planning for expatriates

• Compliance services

• Advisory services to help reduce tax exposure or increase tax saving

Indirect Taxes (Sales Taxes and Custom Duties)

Over the past few years, the indirect tax net has spread all over the economy, covering almost all sectors of business. Lack of knowledge on the part of tax administrators / tax payers coupled with abrupt changes in law require the provision of timely and effective business advice to help organizations plan and implement the required compliance measures. Our range of services, summarized below, has been designed to meet these requirements for our clients.

• Filing of Sales Tax Returns and Withholding Sales Tax Returns.

• Facilitating issuance of zero rating, exemption, reduced tax rate or concessionary notification under customs, sales tax and excise duty laws.

• Supervision and finalization of assignments involving sales tax / excise system evaluation of various corporate entities which include preparation of audit reports and recommending suggestions for the loopholes in the control system.

• Formulating tax beneficial business strategies and sales tax planning.

• Handling tax audits on behalf of clients

• Handling show cause notices and representing the clients before the tax adjudicating authorities

• Preparing and contesting appeals before the Customs Tribunal, Appellate Tribunals, Appellate Tribunal Inland Revenue, Federal Tax Ombudsman and Federal Board of Revenue.

• Handling compliance and procedural matters under the indirect tax laws.

• Pre-filing audit and preparation of monthly tax returns.

• Handling refund/drawback matters.

NTN Registration

NTN stands for National Tax Number. A company or an association of persons are assigned an NTN or a Registration Number when they e-enroll on the FBR Iris portal. In case of individuals, 13 digits Computerized National Identity Card (CNIC) number will be used as NTN or Registration Number.

A company or individual or association of persons (AOP) that requires the registration through FBR can apply for registration.

Requirements for NTN registration:

FOR SALARIED INDIVIDUALS:

• Copy of valid CNIC

• Copy of recently paid utility

• Latest pay slip

• Contact Number and valid Email address

• National Tax Number (NTN) of Employer, Office Address, and valid Email address

FOR BUSINESS:

• Copy of valid CNIC.

• Copy of recently paid utility bill of business location.

• Business Letter Head.

• Property papers or Rental Agreement (Rental Agreement printed on Rs. 200/- stamp paper).

• Contact Numbers and valid Email address.

• Nature of Business.

Procedure of company/NTN registration:

You can easily register your company in Pakistan for NTN by FBR using online e-registration procedure for NTN on the FBR website. If you are not able to do your NTN registration by your own, you can contact NTN Registration company in Pakistan, Naz Intellectual Services to get your NTN registration certification for your company and business in Karachi, Islamabad, Lahore or any city in Pakistan. We make the procedure smooth and hassle free. We also provide services to change your company name in NTN certificate. Not only this, we also provide NTN cancellation services if you are selling or closing your business operations.

Tax Exemptions and Tax Credits for NPOs and Free-Lancing Businesses

NPOs approved by the tax authorities at various levels have an entitlement to some additional benefits i.e., tax credits / exemptions on different utility bills, property income, custom duties etc. In Pakistan, the tax benefits are provided in the Section 61C, Section 100C and Section 159 of the Income Tax Ordinance (ITO), 2001 and Rule 211-220 of Income Tax Rules (ITR), 2002. This provides an elaborate system whereby the NPOs get tax benefits with reference to their defined activities. From the attainment of NPO status the organization needs to be approved under Section 2(36) of the Income Tax Ordinance, 2001. The above approval is obtained through provision of relevant documents and effective liaising with tax authorities. DEXTER can ease out the above process and help you obtain the relevant approvals and tax credits