DUAL TAXATION SERVICES
DUAL TAXATION SERVICES
We understand the complexities and challenges businesses face in navigating the intricate landscape of dual taxation across borders. Our specialized Dual Taxation Services are designed to assist clients operating in both Pakistan and key international jurisdictions, including America, Canada, the UK, Australia, European and Far East countries like Thailand, Singapore, Japan, Malaysia etc., (“International Jurisdiction”). Global Law Company offers dual taxation services for individuals and businesses operating in both Pakistan and International Jurisdiction.
Our expert team of tax professionals is well-versed in the tax laws and regulations of both jurisdictions, ensuring compliance and minimizing taxation impacts.
Here’s an overview of our dual taxation services:
- Tax Planning:
We provide comprehensive tax planning strategies to optimize your tax liabilities in Pakistan and International Jurisdiction. Our team analyzes your financial situation and helps you make informed decisions to minimize tax exposure.
- Cross-Border Tax Compliance:
We assist individuals and businesses in meeting their tax obligations in both Pakistan and International Jurisdiction. This includes preparing and filing tax returns, fulfilling reporting requirements, and ensuring adherence to all relevant tax laws.
- Double Taxation Avoidance:
Our team works diligently to mitigate the impact of double taxation on your business. We leverage international tax treaties, credits, and exemptions to minimize the tax burden on income earned in multiple jurisdictions.
- Tax Treaty Optimization:
We help clients leverage the benefits of tax treaties between Pakistan and International Jurisdiction to minimize double taxation. Our team carefully analyzes the provisions of these treaties and advises on tax planning opportunities.
- Resolving Tax Disputes:
In the case of tax-related disputes or audits, our team provides expert representation and negotiation with tax authorities in both Pakistan and International Jurisdiction. We aim to achieve favorable outcomes and resolve any conflicts efficiently.
- International Business Structures:
For businesses engaged in cross-border activities, we assist in determining the most suitable international business structures, taking into account taxation implications in both Pakistan and International Jurisdiction.
- Client-Centric Approach:
Global Law Company prioritize a client-centric approach. Our dedicated team collaborates closely with clients to understand their unique business needs and tailor our dual taxation services accordingly. We strive to build long-term relationships based on trust, transparency, and exceptional service.
Remember that tax laws and regulations can vary, and it’s essential to consult with our experts to ensure compliance and optimize your tax situation.
For further information or to discuss how our Dual Taxation Services can benefit your business, please do not hesitate to contact our team. We look forward to the opportunity to assist you in navigating the complexities of dual taxation in the global business landscape. Feel free to reach out to us for more information or to schedule a consultation!
TAX LITIGATION
Our team of experienced tax lawyers at Global Law Company specializes in handling tax appeals and litigation cases in Pakistan. We understand the complexities and challenges that taxpayers face when disputes arise with the tax departments regarding their taxable income, tax liability, default surcharge, and penalties.
In most cases, we strive to settle the disputes at the Deputy/Assistant Commissioner Inland Revenue/ Commissioner level in order to save our clients time and problems during the compliance stage. However, in situations where disagreements persist over facts, figures, and legal implications, the Income Tax Ordinance, 2001 provides a legal procedure for taxpayers to appeal before the Commissioner (Appeal), and if unsatisfied, before the Appellate Tribunal and Higher Courts in Pakistan.
There are various circumstances under which tax appeals can be filed. One such circumstance is when a best judgment assessment (ex-parte assessment) is issued by the DCIR/Commissioner based on available information and facts. If a taxpayer believes that the changes made to their self-assessment or alterations to an already changed assessment are incorrect and detrimental to the tax department, they have the right to file an appeal.
Similarly, if the taxpayer’s self-assessment is altered and further changes are made to an already altered assessment, the Commissioner may determine that the income chargeable to tax has been wrongly assessed or that the head of income has been classified incorrectly to decrease the tax liability. In such cases, taxpayers can file an appeal to challenge the amended assessment.
If the appellant disagrees with the decision of the Commissioner (Appeals) or believes that the amended assessment by the Commissioner (Appeals) is incorrect, they have the right to take the matter to the next appellate forum, which is the Appellate Tribunal. The Appellate Tribunal is the final fact-finding authority under the Ministry of Law, meaning that income tax proceedings cannot proceed beyond the Appellate Tribunal.
In cases where the appellant believes there are significant legal points involved, the matter can be further escalated to the High Court. Our team of tax lawyers is well-equipped to handle all aspects of the appeal process, including drafting appeals and submissions, representing our clients before the commissioner, Appellate Tribunal, High Courts, and even the Supreme Court of Pakistan, if necessary.
At Global Law Company, we understand the intricacies of tax appeals and litigation and provide comprehensive assistance to our clients throughout the process. Our team of experts is dedicated to providing effective legal representation and achieving favorable outcomes for our clients in their tax dispute matters.
Feel free to reach out to Global Law Company for further assistance or to schedule a consultation.