Tax services
Titans Business Consultants help enterprises in formulating effective strategies for optimizing taxes, implementing innovative tax planning and effectively managing compliance with taxes in Pakistan. Effective and efficient tax services provide competitive advantage by lowering the tax and administrative costs yet keeping your business compliant with the tax system in Pakistan.
Our industry professionals have vast and extensive knowledge of income tax in Pakistan and sales tax in Pakistan that is accompanied by technical proficiency and strong relationship with our business partners. We understand the industry needs and business issues that our business partners faces which help us formulating business feasible and tax compliant solutions for them.
We offer various tax services including, income tax returns, sales tax returns, GST registrations, NTN, FBR tax returns, Online tax filing, corporate and individual planning and compliance, to help produce sustainable long term tax saving.
In Pakistan considering the local requirements we are offering services in following types of taxes in Pakistan.
How We can help you in your Business Accounting
As a result of increasingly challenging financial reporting environment, which has been caused by complex accounting standards and the demand for greater transparency, it is proving even more difficult to prepare complete tax accounting calculations in accordance with the requirements and expectations of the regulators and financial markets. We can offer a comprehensive approach to help our client address these pressures and gain comfort that their tax reporting obligations have been met.
Titans Business Consultants can help
- Tax provisioning and reporting. Assistance in the preparation or review of IFRS and / or local tax accounting obligations.
- Tax accounting consulting. Technical tax accounting knowledge applied to transactions and other business issues.
- Tax accounting technology. Assistance in the selection, implementation and use of tax accounting systems.
Indirect Taxes
Titans Business Consultants’ Indirect Tax Practice is your business partner in addressing fiscal challenges through the core value proposition of the strategic management of indirect taxes. We offer comprehensive advice and assistance in all areas of indirect taxes from General Sales tax in Pakistan, Custom duties in Pakistan, Services tax in Pakistan to Federal Excise. All this is backed by litigation support at every appellate stage.
Sales Tax is a tax on value addition and a multi point tax, which is levied at every stage of sale. Sales Tax is not just a taxation issue; it spans the entire value addition process. It is collected at the stage of manufacture/resale and contemplates rebating of tax paid on inputs and purchases. It provides a broad tax base and more and more businesses will come in its net. Federal Excise Duty is a levy on manufacturing sector as well as on services sector. Customs Duty is levied on items imported into Pakistan, various items are exempted from Customs Duty, and at the same time some are levied at higher and lower rates, thus it requires expert advice. Also read about our Accounting and Auditing Services.
Potential Issues
- You need to maximize indirect tax recovery.
- You want to increase margins in tax year in Pakistan.
- You want to operate IRIS FBR Pakistan.
- You need calculation of GST according to Pakistan FBR
- You want to ensure your group maximizes efficiencies for indirect taxes.
- You want to improve cash flow.
- You want to know withholding tax in Pakistan.
- Your organization has a high level of customs or excise duty and you want to ensure you don’t overpay.
How Titans Business Consultants can help
- Strategic Consulting and Advisory
- Compliance Support
- Litigation support and Representations
Strategic Consulting and Advisory
- Advice on classification, valuation, applicability of taxes on transactions and admissibility to tax benefits/exemptions.
- Opinions on indirect tax issues.
- Identification of innovative tax planning opportunities.
- Formulating indirect tax efficient business models.
- Undertaking comprehensive reviews of business operations.
- Carrying out health checks aimed at providing assurance in tax compliance.
- Conducting indirect tax specific due diligence reviews (buy side/sell side).
Compliance Support
- Indirect tax compliance support/outsourcing.
- Preparations of customized compliance manuals on all indirect taxes.
- Centralized coordination for tax payments, filing of returns & compilation of documents.
Litigation support and Representations
- Appearances & arguments before adjudication & appellate authorities.
- Drafting appeals & submissions.
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Feel free to write us or call us if you any Confusion or service related query. We will be happy to serve and build good relationship with you.