Akhter Hameed Khan Foundation (AHKF)
RFP - Consulting Services Required to Obtain Tax Exemption U/S. 2(36) of ITO, 2001 for Akhter Hameed Khan Foundation (AHKF)
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Posted date 8th January, 2025 Last date to apply 15th January, 2025
Country Pakistan Locations Islamabad
Category Consultancy
Type Consultancy Position 1

Roshan Aaj – Akhter Hameed Khan Foundation, a non-profit NGO operating since 2020 in Pakistan’s urban slums and informal settlements. Our mission is women centered, inspired by the ideas of renowned Pakistani social scientist Akhter Hameed Khan. We empower low-income communities through grassroots mobilization, providing access to information and essential skills, and facilitating access to resources. Our collaborative efforts with communities aim to discover sustainable solutions for women’s economic empowerment, household prosperity, and overall well-being.

AHKF is currently seeking the services of a qualified and experienced firm to assist us in obtaining tax exemption under Section 2(36) of the Income Tax Ordinance, 2001 (ITO 2001). This exemption recognizes the valuable contributions of non-profit organizations to society and exempts them from paying income tax on their operations.

 

1. Objectives
The primary objective of this engagement is to obtain tax exemption for AHKF under Section 2(36) of ITO 2001. The successful bidder will assist us in:
- Preparing and submitting the necessary application and documentation to the Federal Board of Revenue (FBR).
- Ensuring compliance with all relevant laws and regulations pertaining to tax exemption for non-profit organizations.
- Providing guidance and advice on maintaining proper financial records and internal controls to comply with FBR requirements.
- Representing AHKF before FBR if necessary, during the application process.
- Successful obtaining of Tax Exemption Status


2. Scope of Services
The scope of services for this engagement should include, but is not limited to:
- Reviewing AHKF's financial statements and accounting records to ensure compliance with ITO 2001 and FBR regulations.
- Ensuring potential compliance issues and corrective actions.
- Preparing and submitting the application for tax exemption under Section 2(36) of ITO 2001, along with all required supporting documentation.
- Liaising with FBR on AHKF's behalf throughout the application process.
- Providing advice and guidance on maintaining proper financial records and internal controls to comply with FBR requirements for tax-exempt organizations.
- Responding to any queries or requests for information from FBR regarding AHKF's application.
- Ensuring successful application of Tax Exemption for the organization.


3. Qualifications of the Consultant
The Consultant/Firm must meet the following criteria:
- Successful track record of tax exemptions in the last 2 years (minimum of 10 and more)
- Be a reputable and well-established consultant/ firm with experience in providing tax exemption status and guidance to NPs
- Have a strong understanding of ITO 2001 and FBR regulations pertaining to tax exemption for non-profit organizations.
- Cost effective and reasonable budget proposal for scope of services.


4. Proposal Submission
Interested Firms are invited to submit proposals that address the following:
- Consultant/Firm profile and experience in providing tax exemption services to previous clients.
- Reference of successful firms as references (Successful cases for the last 2 years)
- Proposal of approach
- Budget (separate to Proposal of approach)
- Proposals can be submitted at below mentioned address or submitted electronically to [email protected] by January 15, 2025.
Address: Roshan Aaj Center, Asad Market, I-9/4 Islamabad
Tel:+92 514859482, 4859486


5. Selection Process
AHKF will evaluate all proposals based on the following criteria:
- Qualifications and success rate/experience of the Consultant/Firm (60 marks)
- Budget (30 marks)
- References of client dealing and ease of business (10)
- AHKF reserves the right to reject any or all proposals and to negotiate with the shortlisted firms before making a final decision.


6. Contact Information
For any questions or clarifications regarding this RFP, please contact:

Riaz Hussain
[email protected]
+92 301 5927280


We look forward to receiving your proposals and working with a qualified Audit Firm to obtain tax exemption under Section 2(36) of ITO 2001.

 

Finance Department
Akhter Hameed Khan Foundation
Islamabad

Apply By:

Proposals may be subnmitted at [email protected] latest by January 15, 2025

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