Pak China Investment Company Limited


Request for proposals for Tax opinion

Specification of Ad:

Tax review for the Tax years 2013 to 2016.

1. Admissibility of provision recorded against non-performing loans and advances under the applicable provisions of the Income Tax Ordinance.

2. Admissibility of unrealized profit accrued on non-performing debts and suspended accrued mark-up under the provisions of the Prudential Regulations issued by the State Bank of Pakistan under the applicable provisions of ITO.

3. Methodology to be adopted for apportionment of common expenses to different streams of revenue i.e. Normal Tax Regime (NTR) and Final Tax Regime (FTR) under the applicable provisions of ITO

4. Requirement to pay super tax under the applicable provisions of the ITO

5. Requirement to withhold tax at the time of payment of profit on debt to a Development Financial Institution (DFI) or Non-Banking Financial Institution (NBFI) or a Microfinance Bank (MFB) under the ITO.

Purpose of this review is to understand the following:

a) Third Party view on the above matter in the preview of the ITO.

b) If opinion differ from our existing practice, recommendation on the way forward.

Terms and Conditions:

Please send sealed quotations to Secretary Procurement Committee, 13th Floor, Saudi Pak Tower, Blue Area Islamabad before 31st July 2018.

Please mention on envelope “Proposal for tax opinion”.

Price should be inclusive of all taxes and also mention out of pockets.

In case of any query, please contact:

Suleman Ayub

AM Finance