Taxation

Taxation

We provide tax consulting services that help customers lower their tax liability all around the world. We have the proven knowledge that allows for the successful implementation of tax consulting services that meet the business objectives of our customers, from assisting in the structuring of transactions, investments, acquisitions, and the legal structures of company ventures to handling reporting, appeals, and settlements.

We take a proactive approach when it comes to tax guidance. Our tax professionals monitor and analyze our client’s business operations as well as changes in international tax legislation, making constructive recommendations and resolving tax issues. AMCO’s method ensures that our customers can respond to changes in tax legislation in a timely and legal manner, eliminate potential problems before they arise, and structure their operations to maximize tax benefits.

AMCO provides a comprehensive panel of consultants who help in determining a client’s tax status and liabilities, but even help you defend, plead your case in appeals against any claim put up by the Tax Authorities, and appeal for exemption (as and where provided by the statute) and refund. We advise on Income tax, wealth tax, sales tax, central excise duty, Punjab Revenue Authorities (PRA), customs & excise, Tribunals, Avoidance of double taxation effect, and represent clients before all High Courts & Supreme Court of Pakistan.
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Direct Taxation

The Direct Tax practice helps businesses plan and maximize their tax responsibilities while remaining in compliance with pertinent local and international laws. Our nationwide network of seasoned tax specialists can help you make sense of today's environment and provide insight into how to effectively deal with the taxman to suit your business needs, whether you're thinking about restructuring your company or adjusting to the constant changes in tax legislation.

AMCO Direct taxation services include the following:

  • E-filing of withholding tax statements on a monthly basis within the deadline specified. 
  • The guidance in calculating advance income tax on a quarterly basis, as well as the corresponding intimation to the department. 
  • The advice in calculating capital gains tax, as well as the related compliance to the department.  
  • Preparation of the company’s income tax provisions. 
  • Calculation of the taxable person’s total income and taxation on that amount.
  • Preparation and submission of the Companies & AOP Annual Income Tax Returns.  
  • Compliance with legal notices in connection with withholding tax audit procedures under the Income Tax Ordinance, 2001. 
  • Compliance with legal notices related to income tax amendment proceedings.
  • Preparation and filling of income tax return of an individual
  • Income tax advice and opinions. 
  • Advice and updating on new tax laws & rules relevant to the company, AOP, and individuals.  
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Personal Taxation

The ever-changing income tax rules and regulations that affect how much tax you pay make tax knowledge crucial in today's economy. To conserve more of your money regardless of the consequences of tax laws and to enable you to pay only what you owe, it is vital to be aware of all available strategic planning choices.  

AMCO works with both salaried individuals and company owners, providing personalized tax advice according to each client's circumstances. We offer an in-depth analysis of your present taxes, income sources, economic variables, and evolving legal framework that may affect your tax status. You acquire a plan that supports your estate, income, or company succession plans, all of which might influence your income taxes.

AMCO Personal taxation services Include the following:

  • Individual income tax planning, projections, preparation, and compliance.
  • Computation of tax liabilities, tax withheld from monthly salaries, and filing of monthly and annual statements.
  • Filing of annual income tax returns of both salaried and business individuals.
  • Representation before tax authorities.
  • Estimating tax liabilities and provisions.
  • Appealing tax assessments.
  • Provincial and Federal income tax.
  • Personal cash flows management.
  • Charitable contributions.
  • Tax audit representation.
  • Cross-border tax issues.
  • Monitoring tax payments.
  • Retirement planning.
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Indirect Taxation

Indirect Taxation (Sales Tax, Federal Excise & Customs)

Over the last few years, the indirect tax net has stretched across the economy, including nearly all economic sectors. Lack of understanding on the part of tax administrators/taxpayers, along with unexpected changes in law, necessitates the provision of timely and efficient business counsel to assist businesses in planning and implementing the necessary compliance procedures.

The AMCO network of indirect tax professionals is well-informed and understands the complexities of legislation, the value of in-depth industry expertise, and the expanding significance of the technological experience

In Pakistan, indirect tax laws include:

  • Islamabad Capital Territory Sales Tax on Services Ordinance, 2001.
  • Federal Excise Act, 2005.
  • Sales Tax Act, 1990.
  • Punjab Sales Tax on Services Act, 2012.
  • Sindh Sales Tax on Services Act, 2011.
  • Khyber Pakhtunkhwa Sales Tax on Services Act, 2013.
  • Baluchistan Sales Tax on Services Act, 2015.
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AMCO’s Indirect tax services encompass the following:

  • Assisting customers with legal issues arising from the Sales Tax Act of 1990, Provincial Sales Tax Ordinances of 2000, Federal Excise Act of 2005, and Customs Act of 1969.
  • Managing matters including legal interpretation, processes, and documentation.
  • Supervision and completion of assignments requiring the examination of various corporate entities’ sales tax/excise systems, including the compilation of audit reports and the recommendation of suitable controls. 
  • Developing tax-advantageous company strategies and VAT (Value Added Tax) planning.
  • Representing clients before tax authorities pertaining to show cause notices.
  • Preparation, completion, and presentation of appeals to the Customs, Excise, and Sales Tax Appellate Tribunal.
  • Responding on behalf of the Clients to departmental audit observations. 
  • Handling all issues relating to indirect tax compliance. 
  • Preparation of monthly tax returns, pre-filing audits, and processing of challan payments and refunds.
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Corporate Taxation

AMCO offers an in-depth understanding of regulatory and tax requirements as well as a wealth of experience implementing them all over the world. Along with co-sourcing and outsourcing possibilities, we also provide skilled, honorable tax compliance services. From conceptualizing the tax strategy through analyzing the tax and regulatory implications of transactions and finally providing implementation support, we also offer tax consulting, advisory, and support services for cross-border restructuring from the perspectives of domestic law and the network of international tax treaties.

AMCO's corporate taxation services include the following:

  • Advisory services, such as tax chargeability and income determination, exemptions, and withholding tax concerns.
  • Advisory services regarding the tax consequences of potential business transactions. 
  • Providing tax-beneficial restructuring advice in connection with domestic and foreign mergers and acquisitions. 
  • Performing tax due diligence in regard to corporate income tax before merger and acquisition deals. 
  • Services related to corporate tax compliance. 
  • Representations before the tax departments.
  • Representations before the FBR.
  • Representations in appeals at all the higher forums including appellate tribunals.
  • Client representation in various tax administrative forums. 
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Transfer Pricing

Recently, there has been a major increase in global commerce, which has led to business expansion. Global tax and treasury strategies must therefore become more integrated, adaptable, and sustainable.

Similar growth in cross-border transactions between related parties as a result of company expansions abroad has brought transfer pricing to the forefront of crucial worldwide tax concerns. Tax authorities are paying more attention to Multinational Companies of all sizes' transfer pricing procedures. In Pakistan, few rules regarding transfer pricing are in place. At the moment, associate transactions are subject to the arm's length principle under the fair value notion.

AMCO may help with tax credits, income repatriation, risk management, post-merger integration, and legal entity simplification. We give a platform for global tax and treasury strategy debate, planning, and execution. We assist international corporations in objectively and systematically mapping their tax strategy and risk management in the future.

We assist Corporations with the best transfer pricing policy to implement in compliance with the Income Tax Ordinance of 2001 and the Income Tax Rules of 2002.

AMCO's transfer pricing services include the following:

  • Comprehensive analyses of the functions of client’s entities and relevant market research. 
  • Analyses of comparable and benchmarks 
  • Representation before tax authorities in the event of a transfer pricing audit
  • Creating strategies for transfer pricing that are financially viable.
  • Helping to manage risk in the current tax environment of complicated transfer pricing regulations, strict documentation requirements, sophisticated audit practices, and significant penalties for non-compliance with an impartial viewpoint that provides consistency when analyzing and documenting intra-group transactions.
  • Creating and implementing policies, processes, and systems for establishing, monitoring, and recording intra-group transactions, including support with country-by-country reporting. 
  • Help with transfer price issues, including advance pricing agreements, competent authority discussions, arbitration, and litigation support.
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International Taxation

The global complexity of various tax systems and international rules may be managed with the assistance of AMCO's international tax team, which can help you avoid errors and take advantage of tax opportunities.

We respond to your worries with an international perspective. Several of our clients have used our assistance to prepare the implementation of tax structures throughout the Middle East, Africa, Asia, and Europe.

AMCO International tax services include:

  • Planning your international taxes for cross-border business transactions, 

     Jurisdictional expansion, and business transformation. 

  • Tax planning global group restructuring.
  • International tax reporting coordination and global compliance management.
  • Group tax audits.
  • Advising non-residents on international business deals before they are engaged.
  • Providing tax advice for stock option schemes. 
  • Providing tax advice in accordance with several Agreements for the Avoidance of Double Taxation (Treaties).  
  • Services related to personal taxes, particularly international executive tax services.
  • Filling of US & UK Tax Returns.
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VAT

VAT Services (For UAE, UK & European Union Member States)

AMCO may examine your VAT registration requirements, including if there are any benefits to registering even if you are below the Mandatory Threshold. We have significant expertise dealing with VAT/Goods and Services Tax (GST) for businesses and are fully aware of the complications that might arise as a result of VAT.

The firm comprises experienced lawyers, Chartered Accountants (ICAP Members), England & Wales Chartered Accountants (ICAEW), ACCA, and CIMA members who are skilled with rich experience in their fields.

We specialize in delivering client-focused VAT advice services and have been offering ongoing professional support to taxpayers to guarantee precise VAT compliance. We can assist your company in assessing transactions and resolving tax problems.

AMCO tax experts can help the clients in the following areas

  • Compliance with rules and regulations, as well as registration with VAT authorities. 
  • Tax liability computation.
  • Preparation and filing of monthly/annual statements.
  • Filing of tax returns, certificates, etc.
  • Indirect tax compliance support/outsourcing.
  • Changes for VAT compliance and system review.
  • Identifying impact on cash flows.
  • Preparations of customized compliance manuals on VAT tax.
  • Centralized coordination for tax payments, filing of returns & compilation of documents.
  • De-Registration.
  • Voluntarily disclosures.
  • VAT Training.
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