Tax policies in Pakistan are being made tighter and tighter by the day for the purpose that Pakistan needs to reduce the tax gap it have which is humongous in percentage and as well as figures. With International monetary fund’s payment to be started in year 2018, the government of Pakistan is keen on increasing its revenues so that it has got enough funds to start the repayment of the foreign debt. With last extension for the year 2016 for filling income tax return just passing on the 15th December, the government of Pakistan is all set to produce fiscal budget for the year 2017. A lot can be expected in the coming years budget; the government might focus more on reducing the gap of tax in Pakistan. As witnessed, the year 2016 proved to be a good fiscal year in term of collection, due to diligence of federal bureau of revenue and national accountability bureau the tax collection sky rocketed and broke records.
The same level of action by federal bureau of revenue and national accountability bureau is expected to be done in the year 2017. So, for the safety of future of your business, businesses would be required to offer full corporate compliance on their behalf. This includes proper income tax registration and filing, sales tax registration and filling, to provide assistance to businesses Sayub & co is offering its legal services which will help your business in such matters. Such as, registering income tax, sales tax and other assistance that your business might require will be provided by our team. Be It from filling income tax returns or help with court orders. Sayub & co will offer to assistance to your business, according to the law of Pakistan. To get assistance please contact sayub now.
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