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

FBR extended Tax Return Filing Date 2021

Pakistani citizens still have the opportunity to file their income tax returns as the last date for tax returns for 2021 has been extended by by the Federal Board of Revenue (FBR). Minister Shaukat Tarin decided to extend the date considering the constant demands from the business community. The tax collection body had received applications

What is Pakistan Single Window and step by step registration procedure ?

What is Pakistan Single Window (PSW) and step by step registration procedure ? Pakistan Single Window (PSW) is a newly launched trade system, which provides a facility to parties involved in trade and transport to lodge standardized information and documents with a single entry point to fulfill all import, export, and transit-related regulatory requirements. For

Updated tax provisions for property rental income in budget 2021-22 (Finance Act 2021)

Updated tax provisions for property rental income in budget 2021-22 (Finance Act 2021) History of changes in Income Tax Ordinance, 2001 Finance Act, 2013 shifted the property income (Property rental income) from fixed tax regime to normal tax regime for Individuals, AOPs and Companies. Finance Act, 2016 shifted it from normal tax regime to fixed

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  • FTO Orders Pak Suzuki Motors to Refund Excess GST Collected From Buyers December 3, 2021
    The Federal Tax Ombudsman (FTO) has ordered Pak Suzuki to refund the excess general sales tax (GST) amount that the automaker had collected from its customers beyond the rate predetermined by the government in the recent auto policy. During a press briefing on Thursday, FTO Dr. Asif Mahmood Jah said that Pak Suzuki had deducted... […]
  • FBR Wins First Ever Court Conviction under Anti Money Laundering Act December 3, 2021
    FBR has succeeded in winning the first ever case of conviction for the offence of money laundering based on massive tax evasion. The Directorate General I & I-IR had received financial intelligence in respect of Mr. Habibullah proprietor of M/s Rai Trading Company, Bajaur, KP wherein it was disclosed that the quantum of transactions (Cash... […]
  • Weboc December 3, 2021
    WeBOC is a web-based computerized clearance system, providing end to end automated customs clearance of import and export goods. The system was developed jointly by the Pakistan Customs and PRAL, and was first implemented on trial basis at Port Muhammad Bin Qasim. Subsequently, WeBOC was further rolled out at other terminals and customs stations. Presently WEBOC... […]
  • FBR Revised Rates of residential and commercial Immovable Properties December 2, 2021
    To fix fair market value of immovable properties, the Federal Board of Revenue (FBR), on Wednesday, revised Rates of residential and commercial Immovable Properties located in 40 major cities across the country. In this connection, the FBR has issued 40 notifications, here on Wednesday to raise values of properties from December 1, 2021. The FBR... […]
  • FBR achieves historic revenue collection growth in November 2021 December 1, 2021
    The Federal Board of Revenue (FBR) has exceeded the five-month tax collection target by Rs298 billion and received around Rs2.3 trillion, largely because of higher collection at import stage, which contributed more than half of total tax receipts. The FBR remains the main beneficiary of increased imports and the nosediving rupee that significantly contributed to... […]

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| L A T E S T |

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.

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