International tax law is applicable to the taxing of activity that takes place in two or more countries in form of international tax agreements between two or more countries, are also known as income tax treaties, or tax conventions or double taxation agreements or DTAs. International tax law also exists in domestic tax laws that consider the jurisdiction to tax entities, and that concern the taxation on foreign income of residents, domestic income of non-residents and cross-border transactions.
A global business can become entangled in a complex web of tax rules and regulations in unfamiliar territories. We can help align your tax strategies with your business needs, meeting compliance obligations wherever they arise. Similarly, governments and tax authorities around the world are responding to globalization, economic uncertainty and the connected economy by imposing tighter trading rules and pursuing tax revenues with ever more determination.
Multinational organizations now face more and more demands from different jurisdictions as individual authorities endeavor to collect taxes on cross-border activities. At ZA-LLP, we believe that dedicated international tax professionals are best equipped to tackle these demands, as well as uncover planning opportunities that can lead to enhanced financial performance.
Our professionals focus on the critical field of transfer pricing, providing services ranging from comprehensive supply chain restructuring to transfer pricing planning to controversy management to aiding in compliance with documentation requirements.
Foreign Tax Desks
The ZA-LLP foreign tax desk programme has revolutionized the provision of international tax services. Professionals serving on desks work side-by-side with colleagues on similar rotations, creating a dynamic, team-based environment that fosters the development of truly integrated planning solutions – whenever and wherever they are needed.
Scope of Practice
ZA-LLP’s tax practice group, under the aegis of Sr. Partner, Dr. Zafar, advises clients in virtually all areas of domestic and international taxation, including income taxation, corporate taxation, real estate taxation, intellectual property taxation and value-added tax. We specialize in developing creative solutions to complex problems inherent in structuring cross-border commercial, investment and technology transfer transactions, making full use of the global network of double-taxation treaties and off-shore tax solutions. We have assisted both domestic and foreign multinationals in resolving sensitive tax-related issues both in Pakistan and around the globe. We have developed a network of international taxation experts around the globe with whom the tax practice group regularly consults regarding foreign tax ramifications on cross-border deals. Representation also extends to tax and other investment incentives under national, regional and multilateral regimes. ZA-LLP’s representation extends to all relevant tax authorities as well as to both civil and white-collar litigation in the courts.
Lawyers in the Firm’s International Tax group routinely advise clients with respect to the extraterritorial aspects of Pakistan income taxation, both in connection with the Firm’s transactional work for business and individual clients, and as special tax counsel to smaller law firms with an international business practice and in other situations. We advise clients on the Pakistan tax consequences of numerous cross-border transactions and assist in structuring inbound and outbound business and financial relationships.
Evolution of Tax Culture
Let’s take a look at the insight as given by Dr. Zafar, Senior Partner on Evolution of Tax Culture for the Revival of Economy “The very issue of tax and its administration vis-à-vis economy is not only the concern of this gathering or that of our country alone falling in the category of developing countries, this is very much crucial and highly debatable topic even in the United States and other developed countries of this globe.” Paper read during National Tax Conference at Karachi on Feb. 21-22, 2003.