Executive Overview & Strategic Scope
Javid Law Associates delivers specialized statutory, tax, and regulatory audit services tailored specifically for IT and software development houses operating in the twin cities of Islamabad and Rawalpindi. Technology firms handling software exports, cloud infrastructure, game development, and IT-enabled services (ITeS) face complex corporate and tax compliance landscapes. Our practice mitigates regulatory exposure by ensuring meticulous alignment with the Companies Act 2017, the Income Tax Ordinance 2001, and provincial revenue laws (PRA/KPRA), safeguarding your corporate standing before the SECP, FBR, and the Pakistan Software Export Board (PSEB).
Statutory & Regulatory Framework
Mandatory audits for private limited and single-member IT companies are governed strictly under Section 223 and Section 230 of the Companies Act 2017, requiring annual statutory filings via the SECP eZfile portal. Furthermore, tax audits and withholding verifications are enforced under Sections 177 and 214C of the Income Tax Ordinance 2001 through FBR Iris 2.0. For IT companies claiming tax exemptions on software export earnings under Clause 133 of Part I of the Second Schedule to the Income Tax Ordinance 2001, our audits rigorously verify foreign remittance inflows through banking channels and PSEB registrations to protect against arbitrary tax disallowances and departmental tax notices.
Procedural Roadmap & Execution Phases
Chronological breakdown tailored specifically to IT Company Audit Services in Islamabad & Rawalpindi:
- Phase 1: Initial Intake & Document Review: Comprehensive vetting of general ledgers, trial balances, bank statements, invoice repositories, and foreign remittance certificates (eBRCs).
- Phase 2: Legal Drafting & Statutory Reconciliations: Reconciling FBR Iris 2.0 withholding tax statements with annual financial statements and SECP annual returns.
- Phase 3: Authority Portal Lodgment & Electronic Filing: Uploading audited financial statements and compliance certificates via SECP eZfile and FBR portals.
- Phase 4: Scrutiny, Compliance Response & Representation: Defending audit reports against notices issued by the Commissioner Inland Revenue (CIR) or SECP Registrars.
- Phase 5: Final Regulatory Issuance & Post-Filing Advisory: Procurement of final compliance certificates, annual return filing confirmations, and strategic corporate tax advisory.
| Procedural Stage | Statutory Forum / Regulator | Statutory Timeline / Limitation | Key Deliverable / Milestone |
|---|---|---|---|
| Statutory Audit & Verification | Securities and Exchange Commission of Pakistan (SECP) | Within 120 days of financial year close | Audited Financial Statements & SECP eZfile Upload |
| Export Income Tax Verification | Federal Board of Revenue (FBR Iris 2.0) | Annual Return Filing Deadline (Sept 30) | Tax Exemption Audit Report & eBRC Reconciliation |
| PSEB Compliance Audit | Pakistan Software Export Board | Annual Registration Renewal | PSEB Audit Certification & Rating Maintenance |
Why Choose Javid Law Associates
Headquartered in F-10 Markaz, Islamabad, Javid Law Associates combines corporate secretarial expertise with high-court tax advocacy. Our multidisciplinary team of chartered accountants and corporate advocates represents tech startups, software houses, and multinational IT firms before the Appellate Tribunal Inland Revenue (ATIR) and Islamabad High Court, ensuring absolute legal protection, defensible financial reporting, and rigorous regulatory compliance.
Service heading
IT Company Audit Services in Islamabad & Rawalpindi | SECP & FBR Compliance
Estimated duration
15-21 working days
Documentation & Requirements
Clear breakdown of client-provided records and deliverables prepared by our advocates
- Company Incorporation Certificate, Memorandum & Articles of Association
- Bank statements and Electronic Bank Realization Certificates (eBRCs)
- General ledger, trial balance, and profit & loss statements
- FBR Iris login credentials and previous year tax returns
- List of directors, shareholders, and IT employee payroll records
- CPA-certified statutory audit report and financial statements
- SECP eZfile compliance verification and annual return filing
- FBR tax audit reconciliation and exemption justification dossier
- PSEB annual compliance audit certification
- Comprehensive corporate governance and tax risk assessment report
Key features
- SECP eZfile annual compliance and statutory financial reporting
- FBR Iris 2.0 tax audit representation and defense
- Verification of IT export tax exemptions under Clause 133
- Reconciliation of electronic bank realization certificates (eBRCs)
- PRA, SRB, and KPRA provincial sales tax compliance reviews
- Pakistan Software Export Board (PSEB) rating & audit support
- Withholding tax compliance under Income Tax Ordinance 2001
- High Court and ATIR representation for tax disputes
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.