Tax Compliance

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Tax Compliance – Definition According to FBR Pakistan

The Federal Board of Revenue (FBR) Pakistan states “tax compliance as the timely and comprehensive fulfillment of all constitutional responsibilities imposed upon taxpayers by the Sales Tax Act of 1990”, the Income Tax Ordinance of 2001, and any other relevant laws and public notices.

Accurate registration, filing, payment, reporting, documentation, and responding to FBR according to requirements are all essential parts of tax compliance.

A taxpayer is considered “compliant” when they:

  • Obtain the correct tax registration (NTN, STRN, business profile)
  • File Income Tax Returns, Wealth Statements, and Sales Tax Returns on time
  • Maintain proper accounting records and financial documentation
  • Deduct and deposit withholding taxes when and where required
  • Pay taxes accurately, within the given deadlines
  • Respond properly & efficiently to FBR notices, audits, and queries
  • Stay updated with changes in tax laws and SROs
  • Ensure that business practices follow FBR guidelines

According to the FBR, compliance serves as essential for long-term tax regularity, financial credibility, national collection of revenues, and transparency.

Penalties, sanctions, audits, legal actions, suspension of business registrations, and in dire circumstances, asset attachment, might result from “Non-compliance”.

How ULA Handles Tax Compliance for Its Clients

United Law Associates (ULA) provides comprehensive tax compliance management for individuals, small and medium-sized businesses, and large corporations, companies, and organizations.

Our legal and tax team, with over 15 years of combined knowledge and experience, guarantees that every customer will meet all FBR deadlines on time, accurately, and efficiently.

Our compliance services include:

  • Registration & Profile Management: NTN, STRN, business activity updates, and FBR profile accuracy
  • Return Filing: Monthly, quarterly, and annual Income Tax & Sales Tax Returns
  • Withholding Tax Compliance: Proper deduction, deposit, and filing of withholding statements
  • Record Maintenance: Organizing receipts, invoices, ledgers, payroll, and tax documents
  • Audit Preparation: Helping clients prepare for FBR audits with precise paperwork.
  • Notice Handling: Providing specialist responses to audit conclusions, show-cause notices, and FBR notices
  • Tax Calculations & Planning: Accurate tax assessments, calculations and planning and legal tax-saving strategies
  • Corporate Compliance Coordination: Ensuring SECP and FBR records match/tally/accurate to avoid discrepancies
  • Legal Support: Representing clients in FBR hearings, appeals, and legal forums

The way we operate combines practical expertise, financial accuracy and legal expertise. We keep up-to-date records, keep an eye on deadlines, and make sure our clients are completely compliant to prevent fines and legal issues.

At ULA, tax compliance is more than just a service; it’s a comprehensive legal protection system that keeps your company safe, open, and compliant with all FBR Pakistan regulations.