Top Tax Consultants in Lahore, Pakistan | Global Tax Consultants
  • Our Address
  • UM 33, Zainab Tower, Model Town, Link Road, Lahore, Pakistan.
  • Working Hours
  • MON-SAT 9AM - 7PM

 

| NEWS | REVIEWS | UPDATES |

Active tax filer exempted from tax on educational fees

In Recent Budget, section 236I of the Income Tax Ordinance, 2001 changed with an amendment in law. Under this changed law, active tax filers in FBR exempted from tax on educational fees. 5% Advance income tax exempted to add in amount of fees. To Read More (CLICK HERE).   RELATED STORIES –How To Become Active

Withholding tax on sales to retailers, wholesalers, distributors revised by FBR

Withholding tax rates on sales made by manufacturers to retailers, wholesalers and distributors revised by FBR. Rates revised through amendment in Finance Act 2020. Revised Sections Under Income Tax Ordinance, 2001 a)- Section 236 G b)- Section 236 H c)- Section 236 HA TO READ MORE (CLICK HERE)   RELATED STORIES -Changes in rates of

Draft annual income tax return forms issued by FBR for Tax year 2020

Draft annual income tax return forms issued by FBR for Tax year 2020 on Wednesday. For filing annual income tax returns tax year 2020. SRO No. 745(I)/2020 issued by FBR. Inviting comments from the stakeholders within seven days. From the date of issuance of the draft income tax return forms. The draft annual income tax

| L A T E S T |

Top-Tax-Consultants-Lahore-Pakistan-Global-Tax-Consultants
Online-Tax-Course

RSS TAX.net.pk (Our Tax News Portal)

  • Which countries tax their citizens the most? September 3, 2020
    Which countries tax their citizens the most? In 2019, the highest income earners in Sweden pay a 57.19 percent, highest in the world. This is more than the OECD average of 41.65 percent. Normally, income taxes are higher in the Nordic countries. The highest taxes being in Denmark, Finland, and Iceland with respectively, 55.89, 53.75... […]
  • FBR issued list of business sectors for mandatory income tax integration September 3, 2020
    Federal Board of Revenue (FBR) issued list of business sectors for mandatory income tax integration under income tax laws. SRO issued vide no 779(I)/2020 by FBR to amend Income Tax Rules 2002. These businesses located in eight cities of country. These include Karachi, Lahore, Islamabad, Rawalpindi, Faisalabad, Multan, Peshawar and Gujranwala. Purpose is to share... […]
  • Tax relief proposed for telecom sector August 28, 2020
    Tax relief proposed for telecom sector in ECC committee meeting. Whereby, advance income tax on the telecom sector proposed to abolish and reduction in the FED rate. Matter moved to a committee that will see the matter in detail and it’s impact on the tax system of Pakistan. Committee comprises ministers for industries, IT &... […]
  • FBR tax offices renamed August 25, 2020
    Federal Board of Revenue (FBR) on Monday issued an office order under Section 4(1)(r) of FBR Act, 2007. Whereby FBR renamed it’s field offices of three major cities. The new names of FBR tax offices will take effect from September 01, 2020. a)- Large Taxpayers Unit (LTU) Karachi, Lahore and Islamabad renamed as Large Taxpayers... […]
  • No more withholding tax on educational fees August 23, 2020
    Federal Board of Revenue (FBR) revised withholding tax rate on educational fee. Applicable from the tax year 2021. Tax card uploaded by FBR revised up to 30th June 2020 though Finance Act 2020. FBR revised Section 236I of Income Tax Ordinance, 2001. Educational institute shall collect withholding tax / advance tax while preparation of fee... […]
  • Changes in rates of withholding tax on sales to retailers, wholesalers, distributors August 22, 2020
    Federal Board of Revenue (FBR) issued changes in withholding tax rates on sales made. Sales made by manufacturers to retailers, wholesalers and distributors during the tax year 2021. New rates implemented through Finance Act 2020. Under section 236G Under section 236G of the Income Tax Ordinance 2001. Every manufacture or commercial importer of electronics sugar,... […]
  • Tax year 2020 draft return forms issued by FBR August 21, 2020
    ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued draft forms for filing income tax returns tax year 2020. The FBR issued SRO 745(I)/2020 and invited comments from stakeholders on the draft return forms within seven days from the date of issuance of the draft forms. The draft forms filing annual income tax returns electronically by salaried persons, business... […]
  • FBR warns retail stores to register with point of sale (POS) System to avoid heavy fines August 19, 2020
    FBR warns retail stores to register with point of sale (POS) System to avoid heavy fines and using this system will end periodic examinations by the Federal Board of Revenue. It will also assist retailers to prepare monthly sales tax returns without much inconvenience. When the POS Invoicing System downloads, it will print a barcode... […]
  • FBR implemented new tax regime for imported Items August 12, 2020
    The Federal Board of Revenue (FBR) on Wednesday implemented rules for taxing imported goods. FBR introduced it through (Twelfth Schedule of Income Tax Ordinance, 2001) Schedule XII of the Income Tax Ordinance 2001. The FBR issued SRO 715 (I) / 2020 for the implementation of new rates of taxes on the import of goods. The... […]
  • Pakistani exporters trying to capture Chinese meat market August 12, 2020
    The Pak-China Joint Chamber of Commerce and Industry (PCJCCI) suggested. That Pakistani exporters establish closer ties with Chinese enterprises to explore the Chinese meat market. While addressing the Pak-China Think Tank meeting. PCJCCI President Zark Khan said, “After the outbreak of Covid-19, the demand for meat increased rapidly in china, as the country moving towards... […]

OUR
SERVICES

Global Tax Consultants in Lahore, Pakistan is an experienced tax consultants organization. Established by Fayyaz Ahmed Khan. Having CA (CAF), MA (Eco.,), B.com, Income tax practitioner (ITP) of FBR, CA articles of ICAP, and life member Lahore Tax Bar Association (LTBA). Having more than 15 Years of experience of industry and consultancy firm as controller of accounts and finance and professional experience in the field of tax, accounts, corporate, audit, and accounting software. We also generally regarded by organization as a global partner in tax, accounting, audit and IT consulting.

TAX

Registration of NTN, Sales Tax, & Weboc of Sole Proprietor, AOP & Company, Sales Tax Returns, Submission of Withholding Statements

CORPORATE MATTERS

Incorporation / formation of companies, Increase in share capital, Issuance of shares of non-listed companies

FIRM MATTERS

Formation of a Partnership Business, Registration of Partnership Business with Registrar (Form C)

Office Location !

Frequently Asked Questions

I already have an accountant, why do I need a Tax Consultant as well?

You sound like a tax specialist. Can you manage my accounts as well? I don’t want to employ two people to handle my accounts and finances.

Yes, an Accountant’s role is key to business progress but tax specialist plays his role on front foot. Tax Planning is vital for management of books of accounts, and financial matters of any business. So we are here to provide you the both services at once.

What sort of things can you do for me?

We are here to provide you Tax, Corporate, Audits, Accounting, IPO, Software and Learning Courses Services.

Is this like Tax avoidance? Isn’t that illegal?

Yes, Tax Avoidance is illegal. But tax Planning in your business to avoid any legal consequences and to run your business in such a way that you not only save your money but also comply the laws of taxation, is legal. For instance, a limited company issues shares instead of cash payments to his shareholders is actually a legitimate tax planning.

What type of Business registration is suitable for my business?

It’s very famous question! There are three types of business registrations, Sole Proprietor, Partnership Business Firm and Private / Public limited companies. First decision depends on no of partners, financial position of businesses, and last but not the least industry requirement.

What is the due date for submission of Annual Tax Returns?

For Salaried individuals the due date is 31st August, for other than salaried individuals the due date is 30th September and for limited companies the due date is 31st December after the close of the financial year.

What about Qualification of Tax Consultants in Lahore, Pakistan ?

Tax Consultants in Lahore, Pakistan are qualified Chartered Accountants, Advocates, Management Accountants, ITPs, and other Accounts background professionals.

Queries / Appointment

Your Name :

Your Email :

Your Phone Number :

Remarks :

Open chat
Powered by