Tax Advisory & Compliance Services
Tax Advisory & Compliance Services
Tax structure defined by the government of a country is to meet its expenditures to provide services and common facilities to the people of the country which include government current expenditure, development expenditure, and defence expenditures. Another purpose of taxation in the country is to attract more entrepreneurs for investment and play a vital role in the economic growth of the country. In business establishments, the management has to implement a taxation strategy to fulfil the tax compliance.
Tax consultants in Pakistan offer tax advisory and align the taxation strategy with the business framework within the consideration of the tax risks.
Tax advisory includes the tax optimization, strategic tax planning, & managing the compliance covering clientele needs of private, business, AOP’s, non-profit, multinationals and public sector organizations at Federal and Provisional level.
Proficient tax advisors at ARSF ASSOCIATES have the domain of knowledge to understand the business and industrial issues. Hence, they supply tax advisory by developing new, innovative and customized solutions for its clients with effective tax assistance.
Detail Of Our Tax Consultancy Services Are As Follows:
1 – Income Tax Advisory
In the dynamic business world, business organizations face fierce competition within the market industry to beat their competitors. Moreover, growing corporate entities need to meet the challenges of the worldwide world. Therefore, they’re implementing innovative tax strategies and getting to reduce the impact of tax incidence over the buyers & sellers and to maximise the profit for shareholders.
At ARSF ASSOCIATES, we assist our clients in fiscal obligations through proper planning and optimization. Also, we help them in domestic and foreign regulations with the reassurance of compliance. Further, our team of tax consultants and professionals give a complete guideline to multiple business entities about tax regulations. Therefore, business entities are going to be ready to meet their business goals.
2 – Sales Tax Advisory
ARSF ASSOCIATES helps its customers to affect the fiscal challenges within the strategic management of indirect taxes. Tax professionals at ARSF ASSOCIATES possess enough capabilities to supply comprehensive advice and assistance altogether areas of indirect taxes. Even, we cover from Customs to Federal Excise with the supply of complete support at every stage of business.
Further, ARSF ASSOCIATES provides help to business enterprises to stay track of their sales, purchases, inventories, input tax, output tax, and expenses. We offer tax compliance advisory as per laws of Federal Board of Revenue (FBR), Punjab Revenue Authority (PRA), Sindh Revenue Board (SRB), Balochistan Revenue Authority (BRA), and Compliance of the ICT service tax advisory. Hence, firms are going to be ready to fulfil all legal requirements under the nuisance tax laws and regulations permanently.
Tax Registration, Filing, and Documentation
ARSF ASSOCIATES always presents up-to-date solutions regarding tax legislation and regulation issues as per the policies announced by the Govt . Hence, organizations are going to be ready to grab the newest and updated tax services to feature value to their business.
Moreover, ARSF ASSOCIATES assists business entities to urge registration with the tax departments for tax (NTN), nuisance tax (STRN), and WeBOC. ARSF ASSOCIATES maintain statutory registers of their clients regularly. Not only this, but we also provide support for detailed filing process including the tax Returns, nuisance tax Returns, and Withholding Statements.
We also fulfil all requirements required by the FBR, PRA, KPRA, BRA for the registration of the companies.
3 – Tax Adjudications And Tax Refunds
ARSF ASSOCIATES pay value to their clients. So, in case of adverse orders, we help clients in adjudications including filling & pleading of cases at the Appeal Level, Appellate Tribunal Level, FTO, ADRC, etc. Therefore, we keep track of all proceedings of our clients for the management of legal notices. Also, we offer the service of tax refunds on behalf of the tax filer.
4 – Withholding Taxes Management
The undocumented economy of Pakistan has been a curse, leading to low tax to GDP ratio. Consequently, the withholding regime has become vital within the taxation system of Pakistan. WHT is an act of deduction or collection of tax at source, through withholding agents, which has generally been within the nature of an advance tax payment. Quite 70% tax is being collected through WHT Regime under direct taxes.
Since 2007, Withholding Regime was extended for Indirect Taxes (Sales Tax) also. Initially, Public Sector was made withholding Agent under nuisance tax Law which later was extended to Large Tax Payers. Recently, FBR has further extended the scope to all or any Companies which might have signification implications. The Provinces also are collecting nuisance tax on services after the 18th amendment and withholding Regime is additionally replicated under the provincial nuisance tax laws also. Tax Authorities, to satisfy revenue targets, has been putting special specialize in monitoring of withholding taxes. For the previous couple of years withholding agents need to face WHT audits almost per annum. Therefore, WHT agents got to be more careful regarding their obligations for Withholding Taxes under tax law. Withholding Agents has got to make sure compliance including e-filing of monthly withholding statements.
ARSF ASSOCIATES helps its clients to satisfy its withholding obligations e.g. withholding compliances and withholding audits etc.
How ARSF-ASSOCIATES Helps In Tax Advisory?
In the era of business growth, every organization is involved in transactions and operations at the national & multinational level. In managing the business workflow, organizations face challenges regarding the tax jurisdiction. Conclusively, tax planning is crucial for businesses to avoid tax risks and problems.
Skilful and competent tax consultants at ARSF ASSOCIATES design corporate planning strategies as per the client’s circumstances. For instance, like evaluation, the applicability of taxes on transactions, tax benefits, and tax exemptions. Hence, we make sure the feasibility of the client’s businesses. Conclusively, ARSF ASSOCIATES are going to be ready to divide the clients’ tax burden at the executive level.
More than the above, we possess abilities to assist the present and new businesses to spot their growth prospective. Consequently, business entities can identify their strengths to grab the brilliant opportunity to realize ‘Value for Money’ with efficient tax planning. We offer assistance in compliance guidance as per the FBR, PRA, SRB, BRA regulations. Additionally, in proceeding follow-up in court, business forecasting, and every one other legal documentation to run the business successfully.
Income Tax Services
• NTN Registration with Federal Board of Revenue for Income Tax
• Filing Annual Income Tax Returns (Individual, AOP and Company)
• Submission of Wealth Statements
• Filing Withholding Tax Statements
• Assistance in going through Audit conducted by Federal Board of Revenue
• Monitoring Withholding Tax Obligations
• Handling Statutory Notices from Tax Authorities
• Availing Tax Exemptions and Concessions in Tax Laws
• Obtaining Confirmations, Clarifications and Permissions from the Tax Authorities
• Performing as E-Intermediary
• Preparation and Payment of Electronic Challan
• Advisory on day to day tax issues faced by the clients
• Filing of Appeals before Tax Authorities, Appellate Tribunal and ADRC
• Assistance in obtaining Tax Exemption certificates
• Tax Accounting and Bookkeeping
Sales Tax Services
• NTN Registration with Federal Board of Revenue for Income Tax
• Filing Annual Income Tax Ret
• Sales Tax Registration with Federal Board of Revenue
• Filing Monthly Sales Tax Returns
• Filing Withholding Tax Statements
• Assistance in going through Audit conducted by Federal Board of Revenue
• Monitoring Withholding Tax Obligations
• Handling Statutory Notices from Tax Authorities
• Availing Tax Exemptions and Concessions in Tax Laws
• Obtaining Confirmations, Clarifications and Permissions from the Tax Authorities
• Preparation and Payment of Electronic Challan
• Advisory on day to day tax issues faced by the clients
• Filing of Appeals at all levels
• Tax Accounting and Bookkeeping
Audit and Assurance Services
• Statutory / External audit,
• Special purpose audit,
• Internal control audits according to national regulations & international standards
urns (Individual, AOP and Company)
• Submission of Wealth Statements
• Filing Withholding Tax Statements
• Assistance in going through Audit conducted by Federal Board of Revenue
• Monitoring Withholding Tax Obligations
• Handling Statutory Notices from Tax Authorities
• Availing Tax Exemptions and Concessions in Tax Laws
• Obtaining Confirmations, Clarifications and Permissions from the Tax Authorities
• Performing as E-Intermediary
• Preparation and Payment of Electronic Challan
• Advisory on day to day tax issues faced by the clients
• Filing of Appeals before Tax Authorities, Appellate Tribunal and ADRC
• Assistance in obtaining Tax Exemption certificates
• Tax Accounting and Bookkeeping
Are you ready to take your business to the next level?
Address
Suit No. 403 4th Floor Bhayani Center, Block M North Nazimabad – Karachi.
Mail or Call
info@arsfassociates.com.pk
+92 (213) 6642223
Send a Message Right Now!
About Us
At ARSF ASSOCIATES, we support our best to our clients’ help flourish in their business environment.