Tax Consultancy
Tax Consultancy
MEPL Consulting Company (Private) Limited assists the clients in formulating effective strategies for optimizing taxes, implementing innovative tax planning, and effectively managing compliance.
MEPL, while rendering richest quality of service, makes it sure that it complies with the professional body’s standards, ethics and adherence to risk policies of the Company.
MEPL Consulting Company (Private) Limited’s industry consultants have extensive domain knowledge that is complemented by technical proficiency and dedicated relationships with respective clients. Its tax professionals have a robust reputation in developing new ideas and solutions that have assisted the clients to improve their efficiencies and render best services. We understand the underlying industry and business issues that our clients face which helps us to customize solutions for their specific needs.
In the contemporary world, all businesses are engaged in worldwide transactions and operations, they are continually challenged to manage the impact of multiple and ever-changing tax jurisdiction. MEPL Consulting Company (Private) Limited provides comprehensive and sophisticated tax assistance in effectively structuring the impact of global taxation.
In Pakistan considering the local requirements, MEPL Consulting Company (Private) Limited is offering services in following areas:
- Direct Tax
- Indirect Tax
Direct Taxation
Right tax advice is key to sound and effective Business decision making. Contemporary dynamic environment has led the companies to stiff competition, and resultantly good corporate entities, enterprise, and firms have realized the importance of innovative tax strategies. They are fully aware about goal oriented proper planning with flexibility to meet the realistic business needs likewise to reduce the tax incidence, provide the imperative knife-edge over competitors, and meet the challenges of global boulevard.
Good Direct Tax practice helps the companies in planning and refining their financial obligations, while being compliant with applicable domestic and foreign laws and regulations. Whether you are examining corporate restructuring or coming to terms with frequent changes in tax laws and regulations, we have experienced tax professionals who can help you make sense of contemporarily world and provide you with insight into how to best work with the taxman to meet your business needs.
- Corporate Taxation
- Corporate and International Tax Structuring
- Tax Operations Advisory Services
- Corporate Tax Compliance and outsourcing
- Tax Valuation Services
- Tax Accounting Services
- Regulatory
- Personal Taxation
A. Corporate Taxation
MEPL Consulting Company (Private) Limited helps multinational businesses to attain their business goals in a tax-efficient approach, both locally and globally. Considering the tax impact on business operations and transactions in multiple jurisdictions is indispensable for a company’s survival. We provide tax consulting, advisory and cross-border restructuring support services from conceptualization of the tax strategy through analysis of tax and regulatory implications of transactions and finally implementation assistance, from the perspectives of domestic law and the international tax treaty network. With the increasing focus on governance and regulation, tax compliance has never been so significant. Failure in compliance depicts not only a financial risk — financial penalties and possible increase in the tax charge, but also shows a severe business risk, as it can damage the taxpayer’s reputation with the regulators and the industry. To remain competitive, companies are increasingly focusing on their core competencies and activities that create value for the company.
How MEPL Consulting Company (Private) Limited can help you
Strategic Planning in Taxation
- Formulating and designing the effective and tax-efficient strategies for investments.
- Take the chance to gain advantage from planning opportunities presented by domestic tax laws.
- Structuring acquisitions, divestitures, and corporate reorganizations for tax optimization
- Staying abreast of new developments within the international arena that affect clients’ businesses, both globally and locally
- Advance rulings to lend an element of certainty to non-resident investors in their proposed transactions in Pakistan.
Tax Consulting and advisory
- Studying and examining the tax impact of transactions thoroughly considering direct tax, indirect tax, regulatory and transfer pricing implications.
- Providing a viewpoint on transactions from Provincial and Federal Tax Laws.
- Establishing and indicating tax planning opportunities and addressing potential problem areas while undertaking daily business activities.
Company / Business restructuring
- Conceptualization of the proposed structure in accordance with business objectives.
- Structuring the reorganization – merger, acquisition, spin off, takeover, or capital arrangement – from a tax & corporate law and regulatory perspective.
- Considering the tax efficiencies, regulatory procedures and intended timeframes, providing the supportive services in implementation of structure.
Tax Compliance
- Preparing and filing the tax returns i.e. income tax returns, sales tax returns, Withholding tax return.
- Providing representation services before the regulators, for instance, Federal and provincial tax authorities including assistance in tax audits by the tax authorities.
- Aiding and assisting in appeal proceedings and tax litigation.
- Tax withholding advisory consultancy.
- Review of tax status and evaluation of tax exposures
- Approval of retirement benefit funds from taxation authorities and other allied matters.
B. Corporate and International Tax Structuring
Corporate entities are growingly affected by tax, legislative and regulatory developments throughout the country. Considering the impact of these developments on business operations and transactions of these entities is essential for their success.
MEPL Consulting Company (Private) Limited has experience in addressing these developments as well as all aspects of taxation with the help of our tax practitioners. Our team members can assist you structure your business in a tax-efficient manner, both locally and internationally.
Possible Issues
- You need expert opinion on tax when you are structuring a group of companies.
- Repatriate of profit.
- Understanding the double tax relief planning.
- Are you considering cross-border acquisitions, disposals, or reorganizations?
- If you want to defend tax authorities challenge regarding thin capitalization.
- You are a local organization looking to expand globally.
How MEPL Consulting Company (Private) Limited can help you
- With effective and tax efficient cross-border strategies for both local and global investments
- To manage your international structural tax rate.
- Keeping you abreast of new global and regional developments that may affect your business.
MEPL Consulting Company (Private) Limited corporate and international tax structuring services include:
- Outbound structuring services
- Foreign companies’ incorporation planning.
- Country specific planning services regarding registration and incorporation
- Thin capitalization solutions
- Inbound structuring into Pakistan
- Pathfinder service – start up services for companies entering Pakistan.
C. Tax Operations Advisory Services
Tax Operations Advisory Services provide the thought leadership, knowledge, and process methodologies needed to enhance the value of corporate tax function.
How MEPL Consulting Company (Private) Limited can help you
- Design an effective tax strategy that is aligned with the company’s business strategy.
- Drawing tax savings measurement for the clients.
- Enlarging and expending the company’s return on investment from the tax function.
- Designing and implementing the manual and / or automated tax processes which reduce costs.
D. Corporate Tax Compliance and outsourcing
Tax compliance management is becoming more complex issue with constantly changing assurance, regulatory, secretarial and tax compliance requirements. Resultantly, companies are compelled to reexamine how they meet their obligations to file timely and accurate tax returns. MEPL Consulting Company (Private) Limited can assure you of your corporate tax compliance work allowing you to focus on your core business. We prepare and file tax returns and computations swiftly, accurately, and streamline the collection of data.
Possible issues
- You are not willing to lose, an in-house tax resource.
- You are worried about escalating or unsettled or undetermined costs.
- You wish to reduce inaccuracy through data collection and processing.
- You need to control your tax compliance issues, risks and opportunities.
- You require to comply with the growing, and more visible tax burden.
- You want more flexibility than your current consultant can offer.
- How MEPL Consulting Company (Private) Limited can help you
- Compatible and orderly accordant application of best practice.
- Best use of slim and least, in-house resources.
- A good responsive service within decided timeframes.
- Economies of scale
- Best communications.
- High technical quality.
E. Tax Valuation Services
Valuations mostly lie at the core of disputes and negotiations with the regulator i.e., tax authorities. The particular demands of the tax authorities require professional advice and detailed knowledge of their working methods and practices.
How MEPL Consulting Company (Private) Limited can help you
- Changes in corporate structure, the disposal of assets or a new shareholding arrangement are some issues that can influence business values and create tax liabilities.
- At the time that the transaction is being structured, the tax aspects have to be integrated to magnify the best possible tax benefits from a transaction.
- In case of dispute with the tax authorities based on valuation, the appropriate documentation processes are essential for a smooth and successful resolution.
- Proper valuation of employee’s incentive initiatives in accordance with relevant legislation and regulations.
- Multiplex assets such as goodwill, know-how, patents, copy rights and other intangibles must be valued for tax purposes.
- Unregistered businesses experience challenges when interacting and agreeing values with the tax authorities.
F. Tax Accounting Services
In consequence of increasingly challenging financial reporting environment, which has been caused by complex accounting standards and the demand for greater transparency, it is proving even more difficult to prepare complete tax accounting calculations in accordance with the requirements and expectations of the regulators and financial markets. MEPL Consulting Company (Private) Limited can offer a comprehensive approach to help its clients address these pressures and gain consolation that their tax reporting obligations have been encountered.
How MEPL Consulting Company (Private) Limited can help you
- Tax provisioning and reporting.Assistance in the preparation or review of IFRS and / or local tax accounting obligations.
- Tax accounting consulting.Technical tax accounting knowledge applied to transactions and other business issues.
- Tax accounting technology.Assistance in the selection, implementation and use of tax accounting systems.
G. Regulatory
The Pakistan economy is one of the fastest growing economies in the world. Its mushrooming consumer class keeps businesses with a huge market. Pakistan can also be an ideal launch-pad for the Asian market as well. Investors in Pakistan must set up and manage their businesses to benefit from this opportunity while complying with the scale of local laws and regulations impacting their investments. MEPL Consulting Company (Private) Limited partners with organizations/ companies in seamlessly navigating through the regulatory framework and concurrently supporting their business initiatives.
How MEPL Consulting Company (Private) Limited can help you
- Structuring and implementing domestic and international investments.
- Exchange control, corporate laws, and foreign investment advisory.
- Inbound Capital Flow Consulting, that would include advising on inbound ownership/control structures.
- Entity structuring comprising of professional advises on the choice of entry vehicle such as a strategic alliance partner, branch, subsidiary, joint venture etc.
- Processing regulatory approvals including, Securities and Exchange Commission of Pakistan, Board of Investment, State Bank of Pakistan, and allied organizations/regulators.
H. Personal Taxation
The continuously changing tax legislations and complex domicile category issues have made it compulsory for individuals having a high-pitched net worth, owner-managers of the businesses, directors of corporate entities and executives to seek expert personal tax consultancy.
Possible issues
- You want to reduce your Income Tax liabilities to the best possible level.
- You are running a fruitful family-owned business and seek tailored advice on issues ranging from governance through to re-organization and tax planning.
- You desire an effective remuneration plan for your corporation executives/directors.
- You wish to know about well-organized global planning strategies.
How MEPL Consulting Company (Private) Limited can help you
Consulting
- Identifying and advising on the tax planning opportunities available to reduce the tax saddle based on the prevalent acceptable practices.
- Drafting, preparing, and reviewing the employment agreements.
- Compliance
- Obtaining the National Tax Number (NTN), Sales Tax Registration Number (STRN), PNTN.
- Computation of tax liability to be withheld from monthly salaries, preparation and filing of monthly/annual statements and filing of tax returns accordingly.
- Filing of tax returns including but limited to Income tax, sales tax, withholding tax, Punjab Revenue Authority (PRA).
Indirect Tax
MEPL Consulting Company (Private) Limited’s Indirect Tax Consultancy is the business partner of its clients to address fiscal challenges through the core value proposition of the strategic management of indirect taxes. MEPL Consulting Company (Private) Limited offers comprehensive professional advice and assistance in all areas of indirect taxes from Customs to Federal Excise. All this is backed by litigation support at every appellate stage.
Sales Tax is a tax on value addition and a multifaceted tax, which is levied at every phase of sale. Sales Tax is not just a taxation issue; it spans the entire value addition process. It is collected at the stage of manufacture/resale and contemplates rebating of tax paid on inputs and purchases. It provides a broad tax base, and more businesses will come to its network. Federal Excise Duty is a levy on the manufacturing sector as well as on services sector. Customs Duty is levied on items imported into Pakistan, various items are exempted from Customs Duty, and at the same time some are levied at higher and lower rates, thus it requires expert advice.
Possible Issues
- You need to enhance indirect tax recovery at the best possible level.
- You desire to increase margins.
- You wish to ensure your group maximizes efficiencies for indirect taxes.
- You want to improve cash flow.
- Your organizations/groups/entities/corporations have a high level of customs or excise duty, and you want to ensure you do not overpay.
How MEPL Consulting Company (Private) Limited can help you
Strategic Consulting and Advisory
- Consultancy on classification, valuation, applicability of taxes on transactions and admissibility to tax benefits/exemptions
- Expert opinions on indirect tax issues.
- Identification of ground-breaking tax planning opportunities.
- Designing and formulating indirect tax efficient business models.
- Undertaking complete and inclusive reviews of business operations.
- Carrying out health checks aimed at providing assurance in tax compliance.
- Conducting indirect tax specific due diligence reviews (both buy side and sell sides).
Compliance Support
- Indirect tax compliance support/outsourcing
- Drafting and preparing customized compliance manuals on all indirect taxes.
- Centralized coordination for tax payments, filing of returns & compilation of documents.
Litigation support and Representations
- Drafting and formulating the appeals & submissions thereof.
- Appearing and augmenting before adjudication & appellate authorities
- Representing and briefing Legal Counsel on need basis
- Representation before relevant Government authorities on tax & trade policy issues.