We are able to advise on and deal with all matters concerning income tax, sales tax, customs duty, stamp duty, central excise duty, and fees, and have had considerable success in representing our clients in matters pertaining to the unwarranted collection of amounts under these heads before the courts. 

A brief overview of matters in which HP | FKM has represented its Clients is provided hereinbelow: 

HP | FKM successfully challenged various notices in respect of audit of the sales tax accounts of various sugar mills, including Dewan Sugar Mills Limited, Al Abbas Sugar Mills Limited, issued by the officers of Inland Revenue Services of the Federal Board of Revenue. 

HP | FKM successfully challenged the denial by the Drug Regulatory Authority of Pakistan and the Customs Authorities to grant concessions in respect of payment of customs duties pertaining to the import of plants, machineries and equipments by pharmaceutical units on behalf of Sami Pharma (Private) Limited. 

HP | FKM successfully challenged the denial by the Drug Regulatory Authority of Pakistan and the Federal Board of Revenue to grant exemptions in respect of payment of Advance Income Tax on the import of drugs for which alternatives are not locally manufactured, on behalf of Clients including Bayer Pakistan (Private) Limited and Hakimsons Impex (Private) Limited. 

HP | FKM successfully challenged the denial by the Federal Board of Revenue to grant exemption in respect of payment of customs duties and sales tax pertaining to the import of firefighting and lightning equipment, utilized in the set up of industrial units by Hayat Kimya Pakistan (Private) Limited. 

HP | FKM challenged the summons issued by officers of the Inland Revenue Services, wherein sugar mills, including JDW Sugar Mills Limited and Deharki Sugar Mills etc., wherein various documents have been sought in violation of the mandate of law. The Sindh High Court has been pleased to suspend the issuance of the said notices. 

HP | FKM challenged the imposition of minimum value addition tax on behalf of various pharmaceutical companies including Martin Dow Limited, Eli Lilly Pakistan Limited, etc. The Honourable Sindh High Court has been pleased to grant ad-interim relief to HP | FKM’s clients. 

HP | FKM successfully challenged the denial by the Federal Board of Revenue to grant exemption of sales tax on the import of raw pharmaceutical materials on behalf of Otsuka Pakistan Limited. 

HP | FKM is representing various companies and individuals in a class action matter before the Honourable Supreme Court of Pakistan in the petitions pertaining to the levy of tax on deemed income on immovable properties. 

HP | FKM is representing various companies and individuals a class action matter before the Honourable Supreme Court of Pakistan in the petitions pertaining to the levy of capital value tax on foreign immovable and moveable assets. 

HP | FKM is representing various companies and individuals a class action matter before the Honourable Supreme Court of Pakistan in respect of the levy of additional tax on high net-worth individuals and companies, including Getz Pharma (Private) Limited and Faran Sugar Mills Limited. 

HP | FKM successfully represented Mehran Sugar Mills in a reference before the Sindh High Court whereby the imposition of additional surcharge and penalty was struck down. 

HP | FKM has represented clients including Eli Lilly Pakistan (Private) Limited and High Q Pharmaceuticals in legal proceedings initiated by the Customs Authorities in respect of alleged misdeclaration of the value of consignments of pharmaceuticals products imported by the said clients. 

HP | FKM is representing the directors of various public listed companies in matters pertaining to alleged commission of tax fraud, before the Special Court, Customs, Taxation and Anti-Smuggling.