Tax Notices & Audit

Income Tax Notice/Rectification of Tax Returns Services in Pakistan

Receiving an income tax notice or identifying errors in your tax return can be concerning, but Aims Associate is here to help resolve your issues quickly and accurately.

Handling Income Tax Notices in Pakistan

If you’ve received an income tax notice, it could mean that certain information may have been overlooked or omitted when filing your income tax return and wealth statement. For example:

• Missing details regarding income or tax deductions may trigger an alert.
• The purchase of a motor vehicle or property as a non-filer could prompt a notice from the tax department.

If you receive a notice, or if you suspect your tax return and wealth statement might need revision, reach out to Aims Associates. Our expert advice can help you understand the notice, correct any discrepancies, and resolve the issue efficiently.

Tax Audit Assistance in Pakistan

Pakistan’s tax system is primarily based on self-assessment, allowing taxpayers the autonomy to voluntarily comply with tax regulations based on their records and documentation. However, tax audits serve as a mechanism through which the Federal Board of Revenue (FBR) ensures accurate taxpayer compliance.

Key Aspects of Tax Audits in Pakistan

Objective of Tax Audits:

Conducted by the FBR, tax audits verify if taxpayers have correctly calculated and paid their tax liability. The FBR uses the Tax Audit Management System (TAMS), a risk-based and automated system, to review taxpayer compliance.

Selection Process:

• Tax audits are selected through an automated ballot, considering various data and risk factors to create a transparent view of taxpayer compliance.

  • Commissioner’s Role:

  • Within six years of the tax year under which a return is filed, the Commissioner may request access to the taxpayer’s records. Following a thorough review, they may issue an audit report with findings and observations.

    Outcome of the Audit:

    • If the Commissioner is dissatisfied with the taxpayer’s records, an order may be issued, providing a timeframe for the taxpayer to respond or file a tax appeal.

Offences and Penalties Under the Income Tax Ordinance, 2001

In Pakistan, certain actions can result in offences and penalties under the Income Tax Ordinance, 2001. Aims Associate helps taxpayers understand and avoid such pitfalls by ensuring all tax obligations are met accurately and on time.