: Taxation

Sheikh & Chaudhri  has a prominent taxation services practice and provides this service to a number of  companies and individuals in addition to its audit clients.S & C  provides a complete and comprehensive range of services in taxation, both for direct as well as indirect taxation including advise based on international taxation arrangements and double taxation conventions.

 

A profile of the taxation services provided by the firm is given below:-

 

Corporate Income Tax

 Tax planning, consulting and benefit optimization by
  1. Restructuring tax aspects of operations, transactions and business activities.

  2. Availing tax effective benefits and concessions.

  3. Effective and timely use of capital allowances and tax losses.

 Compliance and reporting
  1. Preparation and filing of annual and periodical tax returns.

  2. Withholding tax management and related compliance.

  3. Managing post-return correspondence with and representation before tax assessment authorities.

  4. Obtaining certificates of tax exemption, special tax rates, where applicable

  5. Representation in appeals and references before tax appellate authorities, Courts and Tax Settlement Commission

Personal Taxation

 Personal Taxation Services Personal Tax Planning
  1. Tax planning for individuals, families for optimizing benefits in respect of income and wealth tax.

  2. Tax planning for executive compensation package and fringe benefits.

  3. Setting up of provident funds, gratuity and pension schemes, both, funded and unfunded–planning, legal documentation and regulatory recognition for tax purposes.

 Compliance and reporting
  1. Preparation and filing of annual and periodical tax returns.

  2. Withholding tax management and related compliance.

  3. Managing post-return correspondence with and representation before tax assessment authorities.

  4. Obtaining certificates of tax exemption, special tax rates, where applicable

  5. Representation in appeals and references before tax appellate authorities, Courts and Tax Settlement Commission

 Compliance and Reporting

  1. Preparation and assistance in filing annual and periodical tax Returns with the tax authorities

  2. Assistance in managing employers’ withholding tax obligations and periodical returns compliance

  3. Managing post-return correspondence and representation before assessment and appellate authorities

  4. Expatriate Executive remuneration tax services

 Tax Due Diligence Reviews

This service provides assurance to corporate managements, prospective investors and strategic buyers that all significant aspects of taxation are duly complied with and that open assessments and cases in appeal do not carry unpredictable tax exposure or any significant tax contingencies, not anticipated or provided for.

 

General Sales Tax (GST)

 Our services include

  1. Applying for and obtaining GST registration and carrying out related formalities.

  2. Planning for benefit optimization and counseling for structuring of business operations, transactions, pricing structures, distribution network, procurement channels and incentive and discount policies.

  3. Counseling and advise on GST issues on a continuing basis .

  4. Preparation and assistance in the preparation and filing of periodical GST Returns and coordination in the management of GST payment.

  5. Advices and assistance in pursuing claim for adjustment of input and output taxes.

  6. Representation before GST assessment and appellate authorities on contentious GST issues and dispute resolution.

  7. Pursue and assist in following up GST exemption(s).

Our overriding objective is to work with our clients to develop practical solutions to enhance business performance. We achieve this by integration of our, direct and indirect tax  services teams.

Ensuring the success of a business or entity poses an increasingly complex challenge. Business performance is increasingly being measured by international standards with increasing competition in the global as well as local markets. Our firm with its over 40 year’s  experience in the local market provides the most modern, up to date and experienced tax advisory services that ensure the achievement of our clients’ objectives.

 
 SPECIAL AUDITS FOR DIRECT & INDIRECT TAXATION

Under the government’s initiative for finalization of tax cases including income tax and sales tax, our firm was awarded various cases for review and audit to confirm the taxability in each case and report the findings to the tax authorities. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

   
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