Taxation Law

Taxation Matters In Pakistan Are Becoming Ever More Complex And Difficult For Businesses To Manage. At SULTAN LAW ASSOCIATES, We Have A Team Of Specialist Lawyers, Who Provide Dedicated Stand Alone Tax Advice, Tax Structuring Advice And Transactional Tax Advice Resulting From Any Business Activity.
Our Expertise Crosses A Wide Range Of Taxation Issues Affecting Commercial Transactions, And Those Arising From Corporate Re-Organizations And Disposals.
We Also Advise On Contentious Taxation Matters, Defending And Pursuing Claims Against Inland Revenue, And Some International Tax Matters. At Federal Level, There Are Four Types Of Taxes In Pakistan.

Income Tax

Under section 4 of the ordinance income tax is imposed for each tax year at specified rates on every person who has taxable income for the year. The tax payer is calculated by applying the rates(s) of the tax to the taxable income of the tax payer for the year and from that amount is deducted any tax credits allowed to the tax payer for that year. Following are the broad categories of taxpayers:

  • Companies
  • Association of Persons (AOP)
  • Non Salaried Individuals
  • Salaried Individuals

Sales Tax

Sales Tax is chargeable on all locally produced and imported goods except computer software, poultry feeds, medicines and unprocessed agricultural produce of Pakistan and other goods specified in Sixth Schedule to The Sales Tax Act, 1990.

Custom Tax

Customs duties in Pakistan are levied on ad-valorem basis. The maximum customs duty is 25%. In addition to the customs duty, the government charges 15% sales tax on the duty paid value of a variety of goods imported into the country. Customs duty and other charges are payable in rupees.

We Advise On

  • Income Tax Returns of Individuals, Firms, Companies and Corporations.
  • Sales Tax Returns of Manufacturing Firms, Importer Firms, Service Firms, Distribution Firms, Wholesale, & Retailers.
  • Federal Excise Issues.
  • Representation of cases before tax authorities, Appellate Authorities, Tax Tribunals, High Courts and the Supreme Court of Pakistan.

    • Commercial Law

    Our team of commercial lawyers give commercial advice on all aspects of running a business and on relationships with customers and suppliers, together with issues which may arise in relation to:

     Intellectual property

     Branding / Copy Right / Trademark / Patent

    Data protection

    Franchising

    We advise on all documentation required to reflect the terms of contractual and commercial arrangements, including agency, distribution, supply, services and consultancy agreements.

    Banking & Finance

    Our lawyers recognize the challenge of financing transactions, especially in the current economic climate. Balancing the terms of the finance package on offer and the commercial objectives of the parties, whether lenders or borrowers, can be a delicate business, requiring expert input in order to achieve the best result. SLA’s Banking & Finance lawyers are experienced advisors in these transactions. We approach every financial transaction with pragmatism, market knowledge and excellent risk and project management skills. Our Areas Of Specialization

    Drafting loan documentation

    Secured lending

    Revolving credit facilities

    Structured property finance

    Tax driven transactions

    Re-banking/ Refinancing

    Collateral mortgages

    Sale and leaseback

    Guarantees

    Working capital facilities

    Intercreditor agreements

    Employment & Labor Law

    The Constitution of Pakistan contains a range of provisions with regards to labour rights. Pakistan Tax Law Consultants have highly expertise in dealing with Labour Law Issues in the following areas:-

    Workers' Representation in the Enterprise

    Contract of Employment/ Termination of Contract

    Trade Union and Employers Association Regulation

    Registration of trade unions

    Pension Disputes

    Accident and Health & Safety Issues

    Right to Work

    Working Time and Rest Time

    Pay Issues / Paid Leave

    Maternity Leave and Maternity Protection and Other Leave Entitlements

    Minimum Age and Protection of Young Workers

    Criminal Law

    The Constitution of Pakistan contains a range of provisions with regards to labor rights. Pakistan Tax Law Consultants have highly expertise in dealing with Labor Law Issues in the following areas:-

    Serious fraud and business crime

    Civil fraud, asset tracing and recovery

    General crime and police station advice

    Money laundering

    Cartels, competition and price fixing

    Bribery, corruption & your business

    Extradition

    International mutual legal assistance

    Restraint, confiscation and cash seizures

    Mortgage Fraud

    Dawn Raids, Search and Seizure

    Risk management and fraud prevention

    Press intrusion and relationship management

    Professional discipline procedures

    Company investigations

    Health, Safety and Environment and Public Law and Judicial Reviews

    Constitutional Matters

    Constitutional matters are gradually assuming important in Pakistan due to its relevance to community problems and issues, such as the composition and functions of governmental institutions, protection of individual rights and freedoms, powers and actions of State functionaries, etc.

    SULTAN LAW ASSOCIATES’s role in creating awareness about legal and constitutional issues and better understanding of the evolving legal concepts and principles among the people is without any doubt.

    Incorporation, Winding up and issues of SECP.

    Capital restructuring and re-organisations.

    Corporate governance, directors’ duties and shareholder relations.

    Corporate insolvency and recovery.

    Finance and banking.

    Personal financial planning and personal financial statements.

    Annual Accounts, Returns and Statements.

    Commercial Contracts and Agreements.

    Cross border transactions.