Tax under Income and Sales Tax Laws

 2Month/20 Hours                                                  Price:25,000

                                                                                      20,000

Tax under Income and Sales Tax Laws

The withholding taxes require close analysis with all the day to day business transactions and it also requires deep understanding of income tax laws in Pakistan where there is a diminishing trend of transactions motivated by tax considerations.

Advance Withholding Tax Training is comprehensively designed Tax training in Pakistan to broaden and enlighten tax horizons and equip the professionals with today’s challenging and increasingly complicated tax environment to further ease the pain of excessive Tax compliance.

This Advance Withholding Tax Training will provide detailed knowledge of key different areas of Income tax laws with special importance to provisions concerning withholding taxes relating to Income tax and Sales tax.

Numerous examples and industry case studies will be used to illustrate different topics.

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Key Takeaways

Course participants will know

What is withholding tax and responsibility of withholding agent
Different rates of withholding taxes and discussion circulars, clarifications, explanations issued by FBR.
Transaction wise withholding agents
Exemptions, Unique approach in handling exemptions in WHT
Concept of Filer and Non Filer
Benefits of being a filer
Handling day to day issues
Penalties and offences for non-compliance
Annual and monthly reporting
Procedures – Pre-audit, During the audit and Post audit

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What will participants get?

Participants will receive comprehensive course notes and material for future reference.

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Course outline

Module 1

INCOME TAX / DIRECT TAX
Introduction to Taxation
Basic Concepts
Who is withhold Agent?
Active Taxpayer List (Filer or Non-Filer)
Taxation System in Pakistan
Withholding deduction at source
Concept of Direct & Indirect Tax
Practical approach of FBR & Income tax ordinance 2001
Criteria of Registrations on FBR
Major Compliance & Regulation Issues of FBR & Tax Departments

Module 2

Updated Practical Concepts & Computation of Income Tax:
Section-149 Income from Salary
Section-155 Income from Property
Section-153 Payments of Goods, Services & Contract
Section-147 Advance Tax
Section-113 Minimum Tax
Section-152 Payment to Non Resident
Section-148 Import Tax
Section-165 Withholding Statement

Module 3

Documentation & Process of Registrations
NTN Registration
Computation & Reconciliation of Income Tax
E-Filling of Individual and Business
Wealth Reconcilaition
Challan Making & Submission

Income Tax Ordinance 2001

Tax is all about Attention to Details
Understanding the law
Salary Income and Taxation
Advance Tax deductions (section 148 to section 158)
Advance Tax U/s 147
Minimum Tax U/s 113
Types of Withholding tax
Penalties, Prosecution and Default surcharge and for Non deduction of tax
Reporting of Withholding Tax and frequency
Penalties for Non-filing of Statements
Certificate of Deduction of Tax and Form IT-3
Final Settlement
E-filing of Withholding Tax Statement and Income Tax Return

Who Should Attend

Tax Managers
Auditors
Accountants
Compliance Managers/Supervisors
Compliance Officers
Tax Consultants
Business Owners
Tax, Accounting , Audit, Compliance and Finance Professionals

Pre and Post Course Assistance

A pre training questionnaire will be provided for all the participants with a focus on learning objectives of each of the participants in order to make the training course effective, if needed.

International Student Fee: 100 USD

Job Interview Preparation  (Soft Skills Questions & Answers)
Tough Open-Ended Job Interview Questions
What to Wear for Best Job Interview Attire
Job Interview Question- What are You Passionate About?
How to Prepare for a Job Promotion Interview

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Flexible Class Options

Week End Classes For Professionals  SAT | SUN

Corporate Group Trainings Available

Online Classes – Live Virtual Class (L.V.C), Online Training

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