Foreign VAT Refund refers foreign VAT paid by business traveller to 21 countries including Europe, Australia etc. Every traveler pays VAT on all expenses incurred in such country, however, he can claim VAT paid on certain business expenses from Pakistan. Every penny counts. Every year billions of Dollars go un-claimable on account of VAT on […]
Tax Due Diligence means Due Diligence of all tax matters of the business subject to acquisition or sale. Paying taxes is national responsibility of every person whether individual or business. It has severe consequence and financial impact on profits, cash flows as well as liabilities. Further tax evasion is a criminal activity and may lead […]
Every person whether individual or business is required to file periodical returns and statements under the Income Tax Laws as well as Sales Tax laws. Tax Authorities have considerably increased the rate of tax for non-filers, which results in excess cash outflows and tax burden. Every person whether individual or business is required to file […]
Tax Registration means getting your business registered with Taxation Authorities to get National Tax Number (NTN), General Sales Tax Number or Services Sales Tax Number. Every business is required to get itself registered with Tax Authorities. It is illegal to do business activity without registration. A registered person will be allowed to get certain benefits […]
Tax Planning means the planning to save tax within the legal boundaries taxation laws by making best use of allowances and benefits allowed by the taxation laws. Tax evasion is crime but tax planning is legal. A substantial portion of hard earn earnings goes to Government Exchequer in the form of tax. The need for […]
