Taxation - YAHYA RASHID & CO

Taxation Law Services in Pakistan
Your Legal Partner in Income Tax, Corporate Tax & Indirect Taxes
By Yahya Rashid & Co. | Expert Tax Advisors & Legal Consultants

Tax compliance is not just a legal requirement—it’s a vital element of business strategy and financial success in Pakistan. At Yahya Rashid & Co., we provide end-to-end taxation law services in Pakistan, helping individuals, businesses, and organizations legally minimize tax liabilities, ensure compliance with FBR regulations, and maximize tax efficiency.

With over 25 years of experience in Income Tax Law, Corporate Tax Planning, and Indirect Tax Compliance, we serve a wide range of clients—including salaried individuals, startups, private limited companies, large corporations, and overseas Pakistanis.

👤 Personal Taxation in Pakistan

Strategic Tax Planning for Salaried Individuals & High Net-Worth Professionals

Many individuals in Pakistan unknowingly overpay taxes due to poor tax planning and lack of awareness of available tax credits, exemptions, and reliefs. At Yahya Rashid & Co., we help clients legally reduce tax burden and avoid non-compliance issues.

Our Personal Taxation Services Include:

✅ Income Tax Return Filing
✅ Tax Planning for Salaried Persons & Freelancers
✅ Tax Advisory for Overseas Pakistanis & Return Filers
✅ Investment-Linked Tax Rebates
✅ Allowances, Deductions & Wealth Reconciliation
✅ FBR Notices, Audit Support & Legal Representation

We stay updated with SROs, tax circulars, and annual budget amendments, ensuring our clients benefit from the most recent changes in Pakistan’s tax laws.

🏢 Corporate Taxation in Pakistan

Full-Service Legal Support for Companies, Startups & SMEs

Incorrect tax filings, poor documentation, and failure to utilize tax benefits can lead to serious financial penalties and tax disputes. Our team of corporate tax lawyers in Pakistan provides proactive compliance and litigation support tailored to your business needs.

Corporate Tax Services We Offer:

✅ Company Tax Return Filing & Self-Assessment Support
✅ Withholding Tax, Advance Tax & Payroll Tax Management
✅ Tax Exemption & Sector-Specific Incentives
✅ Legal Representation Before FBR & Appellate Forums
✅ Corporate Bookkeeping, Audit Assistance & SECP Compliance
✅ Custom Tax Strategy for Startups and Private Limited Companies

Whether you're a newly registered private limited company in Lahore or a well-established business, we ensure you stay compliant and financially optimized under the Income Tax Ordinance, 2001.

💰 Indirect Taxation in Pakistan

Sales Tax, GST, Federal Excise & Customs Legal Support

Pakistan’s indirect tax regime can be complex and varies by sector and province. Improper classification or missed exemptions can lead to overpayment or penalties. We help you stay compliant with both federal and provincial tax authorities.

Our Indirect Tax Services Cover:

✅ GST & Sales Tax Return Filing (Monthly/Quarterly)
✅ Provincial Sales Tax Compliance (PRA, SRB, KPRA)
✅ VAT Advisory, Input/Output Adjustment & Record-Keeping
✅ Exemption Certificates & Zero-Rating Support
✅ Federal Excise & Customs Legal Representation
✅ Sales Tax Refund Claims & Dispute Resolution

We represent clients before FBR, Punjab Revenue Authority (PRA), Sindh Revenue Board (SRB), and other authorities in case of audits, notices, and legal proceedings.

📘 Income Tax Law Practice in Pakistan

Complete Legal Advisory for Individuals & Corporations

Our income tax lawyers in Pakistan provide strategic legal guidance for all types of taxpayers. Whether you need help with income tax return filing, NTN registration, or foreign asset declarations, we’re here to simplify the process and ensure compliance.

Specialized Services Include:

• Income Tax Planning & Optimization
• FBR Audit Support & Legal Appeals
• International Taxation & Double Tax Treaties
• Wealth Statement Reconciliation
• Foreign Income & Asset Reporting
• Gratuity, Provident Fund, and Employee Tax Schemes

Need a tax strategy or help with an FBR notice?

📞 Call: +92 333 4287640 💬 WhatsApp

🔍 Why Choose Yahya Rashid & Co. for Tax Law Services?

✅ 25+ Years in Tax Law Practice
✅ High Court Advocate & Qualified Tax Consultants
✅ Strong Representation before FBR & Tax Tribunals
✅ Clients Include Corporates, NGOs & Overseas Pakistanis
✅ Customized Tax Solutions with Full Confidentiality
✅ Based in Lahore, Serving Nationwide

Frequently Asked Questions

1. FAQs – Personal Taxation in Pakistan

✅ What is the deadline for income tax return filing in Pakistan?

The FBR typically sets the deadline as 30 September each year for salaried individuals and businesses. Extensions may be granted, but it's best to file early.

✅ Can salaried individuals claim any tax exemptions?

Yes. Zakat, approved donations, investment credits (Section 62), and other deductions under the Income Tax Ordinance, 2001.

✅ How can overseas Pakistanis file tax returns?

Online via the FBR IRIS portal using CNIC/NTN, with support for foreign income reporting and relief under double taxation treaties.

✅ What happens if I don’t file my tax return?

Penalties, fines up to Rs. 50,000, and loss of ATL status leading to higher withholding taxes.

✅ Do freelancers need to pay tax in Pakistan?

Yes. If income exceeds the threshold, registration with FBR and annual filing are mandatory (Section 114).

2. FAQs – Corporate Taxation in Pakistan

✅ Who needs to file a corporate tax return in Pakistan?

All registered companies (Private/Public/AOPs) must file annual returns under Section 114 of the Income Tax Ordinance, 2001.

✅ What are the penalties for incorrect tax filings?

Penalties, audit notices, and recovery actions including bank account attachment.

✅ Are there any tax incentives for startups?

Yes—startup reliefs (Section 100), IT/export credits, and sector-specific incentives.

✅ How is payroll tax handled in companies?

WHT on salaries must be deducted/deposited monthly with statements (e.g., 3A/3B).

✅ Can companies claim tax refunds?

Yes—excess tax can be refunded after filing and verification by FBR.

3. FAQs – Indirect Taxation in Pakistan

✅ What is the difference between GST and Sales Tax in Pakistan?

GST is a form of sales tax collected at federal and provincial levels (e.g., FBR, PRA, SRB).

✅ Who is required to register for Sales Tax?

Businesses with taxable turnover above the threshold (e.g., Rs. 10 million annually) must register with FBR or the relevant province.

✅ How can I claim a sales tax refund?

By filing monthly returns and STR refund claims with proper invoices and zero-rating/supporting documents.

✅ What are common indirect tax compliance errors?

Wrong classification, delayed filing, omitting input tax, and failing to register branches in relevant provinces.

✅ Can Yahya Rashid & Co. help in sales tax audits?

Yes—full legal representation for audits, notices, and tribunal matters.

4. FAQs – Income Tax Law Practice in Pakistan

✅ Do I need a lawyer to file income tax?

Not strictly, but a tax lawyer ensures compliance and optimization—especially for complex cases.

✅ What is a wealth statement and who must file it?

A declaration of assets, liabilities, and expenses—mandatory for many filers above thresholds or when required by notice.

✅ What is foreign asset reporting?

Disclosure of foreign income/accounts/properties under FATCA/CRS and Pakistani law to avoid penalties.

✅ How do double tax treaties help?

They prevent double taxation on the same income—useful for overseas Pakistanis and foreign investors.

✅ Can employees claim tax savings via gratuity/provident fund?

Yes—exemptions/deductions apply within specified limits when properly documented.

5. FAQs – Working with Yahya Rashid & Co.

✅ Why choose Yahya Rashid & Co. for tax law services?

25+ years’ experience, qualified legal/tax team, High Court representation, customized strategies, and strong audit/dispute results.

✅ Do you offer services for overseas Pakistanis?

Yes—online NTN registration, e-filing, foreign asset disclosure, and representation for non-residents.

✅ Are your services limited to Lahore?

Head office in Lahore; services provided nationwide and online for clients in Pakistan and abroad.

✅ What documents are needed for income tax filing?

CNIC, salary certificate/business proofs, utility bills, bank statements, investment/property documents, and previous returns (if any).

✅ How can I get started with your firm?

Email: info@yahyarashid.com • Phone: +92 333 4287640 • Website: www.yahyarashid.com

📞 Contact Yahya Rashid & Co. – Expert Tax Lawyers in Pakistan

Avoid tax penalties, optimize your tax profile, and gain peace of mind with our experienced legal team.

Email: info@yahyarashid.com
Phone: +92 333 4287640
Website: www.yahyarashid.com
Location: Lahore, Pakistan

Yahya Rashid & Co. – Expert Legal Tax Solutions. Trusted Since 1999.