Corporate Taxation

Benefits of Income Tax Return Filing

Corporate Tax relate to the systems of taxation used for taxing incorporated entities, including businesses and not-for-profit charities. These laws often differ from the systems for taxing individuals, and in some cases can have implications for individual taxation, as well. The corporation is not responsible for paying taxes, but the obligation instead passes-through to the shareholders.

Corporate taxes can refer to taxation systems for both state and federal level taxes. Additionally, different taxing structures may apply to corporations based on their type. For example, a not-for-profit corporation engaged in charitable or religious activities may qualify for tax exempt status. Additionally, other kinds of corporations must observe certain tax practices to maintain their status, such as not-for-profits that misapply their earnings.

Corporate tax is often used generically to refer to the taxation of other business entities, as well. For example, entities treated as partnerships are generally not taxed at the entity level like a corporation, but rather the partners are taxed individually. Nevertheless, tax laws pertaining to partnerships are often called corporate tax laws.

Company income subject to taxes is often determined much like taxable income for individuals, where the tax is generally assessed against net profits and a variety of deductions are allowed. Common deductions include travel expenses, rent, office supplies, and many others.

Tax Care helps corporate businesses to achieve their business goals in a tax-efficient manner, both locally and globally. Understanding the tax impact on business operations and transactions in multiple jurisdictions is vital 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.

We at Tax Care can assist for Strategic Planning for tax optimizing, consulting and advisory on addressing potential problems areas in the course of undertaking day to day business activities, Business restructuring, Tax compliances, Tax return preparation, Representation services before the tax authorities including assistance in tax audits by the tax authorities, Assistance in appeal proceedings and tax litigation support, Tax withholding advisory, Review of tax status and evaluation of tax exposures

Footer Logo

Tax Care

Address: Suite No. 23, Ali Plaza, 3 Mozang Rd, Mazang, Lahore, Punjab 54000

Phone: 0345 4844646

Emai: info@taxcare.pk

© Copyright 2018, All Rights Reserved

Powered by: ebizlogics Managed By: Destiny SEO