True Balance Pro Taxation Services

We offer a comprehensive range of tax services, ensuring that our clients receive expert guidance and representation at every stage of their taxation affairs. Our team consists of experienced professionals dedicated to managing and navigating the complexities of the tax landscape in Pakistan. Under the direct supervision of our partners, our taxation division is meticulously structured to provide high-quality service across various domains.

With our Tax Consultancy service, we guide you in making decisions that minimize your tax burden and ensure timely compliance with your tax obligations. We get involved in the auditing actions carried out by the administration to guarantee the accuracy of tax assessments and protect your interests before the courts of justice. In addition, we simplify the process of filing tax returns with the tax authorities, acting on your behalf or on behalf of your company. By drawing on our network of trusted counterparts, Kreston gives you access to tax expertise from around the world.

Tax advice provided through True Balance Pro includes the initial planning to look into cross-border arrangements, inheritance taxes, roll-up for income or capital gains and matters of confidentiality.Working closely with colleagues across our network, member firms assist HNWIs in navigating the tax and legal issues and advising on suitable risk management strategies.

Key Services Offered:

1. Tax Advisory Services:
Tailored tax planning and advice to optimize tax liabilities.
Guidance on compliance with local and international tax laws.
Development of tax-efficient strategies for individuals and businesses.

2. Representation before Assessing and Appellate Authorities:

Full representation at all levels, including the Income Tax Appellate Tribunal (ITAT).
Assistance in preparing and presenting cases before assessing officers and appellate authorities.
Strategic advice on appeal processes and case management.

3. Tax Representation before Regulatory Bodies:

Expert representation before the Central Board of Revenue (FBR), Large Taxpayers Unit (LTU), Medium Taxpayers Unit (MTU), and other relevant authorities.
Comprehensive support for audits and investigations, ensuring clients' rights are protected.

4. Miscellaneous Tax Services:

Assistance with filing tax returns and compliance reporting.
Advisory on value-added tax (VAT) and sales tax regulations.
Support in navigating complex tax issues related to cross-border transactions.

Areas of Expertise:

The firm prides itself on its extensive knowledge of various taxation laws, including but not limited to:

Income Tax Ordinances: 1979 and 2001
Sales Tax Act: 1990
Federal Excise Duty Act: 2005
Capital Value Tax
Corporate Assets Tax
Workers Welfare Ordinance: 1972
Workers (Participation) Profit Act: 1968

Services for Foreign Investors:

We provide specialized services for foreign investors, ensuring compliance with local laws while maximizing tax efficiencies. This includes:

Submission of detailed tax-efficient memoranda, considering double tax relief and treaties between countries.
Obtaining advance rulings from the FBR when complexities arise, offering clarity and security in tax obligations.