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Preparation & Filing of Wealth Statements

Professional Wealth Statement Services

Comprehensive Wealth Statement Preparation & Filing Services

Managing your financial records can be overwhelming — especially when it comes to preparing your wealth statement for the FBR. At M&M Global Nexus, we take the stress out of the process with our comprehensive wealth statement preparation and filing services. Our experienced team works closely with you to gather, organize, and report your assets, liabilities, income, and expenditures in full compliance with tax regulations. Whether you're filing for the first time or need to update existing records, we ensure accuracy, transparency, and peace of mind — helping you stay fully compliant and avoid unnecessary tax scrutiny.

Expert Financial Consultants
Accurate Asset Valuation
Timely Submissions
Complete Confidentiality
Call to discuss your wealth statement requirements

+92 312 6691270

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Our Services

Comprehensive Wealth Statement Services

Wealth Statement Preparation

We simplify the process of wealth statement preparation by collecting and organizing your financial details in line with FBR requirements. From assets and liabilities to income and expenses, we ensure every section is completed accurately to avoid discrepancies and keep your tax profile clean.

Asset Valuation

Accurate asset valuation is key to a well-prepared wealth statement. Our team helps evaluate the fair market value of your properties, vehicles, investments, and other assets — ensuring your declarations are precise and fully compliant with tax standards.

Electronic Filing

Say goodbye to paperwork delays with our secure electronic filing services. We submit your wealth statement online through the FBR portal, making the process faster, more efficient, and entirely hassle-free for you.

Reconciliation Services

Our expert reconciliation services ensure that your income tax returns align with your wealth statement. We cross-check figures, resolve mismatches, and help you avoid red flags that could lead to unwanted audits or inquiries.

Audit Support

If you're facing an FBR audit, we’ve got your back. Our audit support services cover everything from documentation preparation to professional representation — helping you respond confidently and minimize risk during the audit process.

Confidential Advisory

Your privacy matters. With our confidential advisory services, you get personalized guidance on wealth filing, tax compliance, and financial strategy — all handled with the highest level of discretion and professionalism.

Why Choose Us

Why Our Wealth Statement Services Stand Out

Expert Financial Team

Our team consists of certified financial professionals with extensive experience in Pakistani tax laws and wealth statement requirements.

Timely Submissions

We ensure your wealth statements are filed well before deadlines, helping you avoid late filing penalties and compliance issues.

Complete Confidentiality

We maintain strict confidentiality of all your financial information and wealth details, ensuring your privacy is protected.

Accurate Documentation

Our meticulous approach ensures all your wealth statement documents are accurately prepared, reducing the risk of audits or inquiries.

Dedicated Support

We provide ongoing support throughout the wealth statement filing process and remain available for any post-filing queries or assistance.

Strategic Planning

We help you strategically plan your wealth disclosure to ensure compliance while optimizing your financial position.

Our Process

How We Handle Your Wealth Statement Filing

01

Initial Consultation

We begin with a detailed consultation to understand your financial situation, assets, liabilities, and wealth structure.

02

Document Collection

We help you gather all necessary financial documents, asset records, bank statements, and expense receipts.

03

Asset Valuation

Our experts conduct proper valuation of all assets according to FBR guidelines and market values.

04

Statement Preparation

We meticulously prepare your wealth statement according to the latest FBR format and requirements.

05

Review & Approval

We review the completed wealth statement with you, explaining key elements and obtaining your approval before filing.

06

Filing & Follow-up

We electronically file your wealth statement with FBR and provide you with confirmation and copies for your records.

Need Help With Your Wealth Statement?

Contact our expert team today for professional wealth statement preparation and filing services. We'll handle all the complexities while ensuring full compliance with FBR regulations.

Call Us

+92 312 6691270

Email Us

info@mandmglobalnexus.com
FAQs

Frequently Asked Questions About Wealth Statements

Who is required to file a wealth statement in Pakistan?

Individuals who are required to file wealth statements include those with taxable income exceeding Rs. 1 million in a tax year, commercial or industrial electricity consumers, owners of immovable property with a land area of 500 square yards or more, owners of motor vehicles with engine capacity of 1000cc or more, and members of registered clubs with annual fee of Rs. 50,000 or more.

What information is included in a wealth statement?

A wealth statement includes details of all assets and liabilities as of the last day of the tax year, assets and liabilities of spouse and dependent children, personal expenses during the year, and details of tax paid during the year.

What happens if I don't file a wealth statement when required?

Failure to file a wealth statement when required can result in penalties, including a fine of 0.1% of the taxable income for each day of default, minimum Rs. 10,000. It may also lead to exclusion from the Active Taxpayers List (ATL) and higher withholding tax rates on various transactions.

How are assets valued for wealth statement purposes?

Different assets are valued according to specific FBR guidelines. For example, immovable properties are generally valued at cost or FBR-notified values, whichever is higher. Motor vehicles are valued at cost less depreciation, while investments are valued at cost or market value depending on the type of investment.

Can I revise my wealth statement after submission?

Yes, you can revise your wealth statement within 5 years of filing the original statement. However, frequent revisions may attract scrutiny from tax authorities, so it's best to ensure accuracy in the initial filing.

How can professional services help with wealth statement filing?

Professional services like ours help ensure accurate valuation of assets, proper documentation of all financial information, reconciliation of wealth with income and expenditure, and timely electronic filing. We also provide strategic advice to maintain compliance while protecting your financial interests.