Tax under Income and Sales Tax Laws
In Pakistan, where transactions motivated by tax worries are on the decline, withholding taxes need a thorough assessment of all day-to-day firm activities, as well as a full understanding of income tax legislation.
Advance Withholding Tax Training is a comprehensive tax training program in Pakistan that aims to broaden and educate tax viewpoints, as well as equip professionals with today’s tougher and more complicated tax environment, in order to relieve the pain of excessive tax compliance.
This Advanced Withholding Tax Training will give an in-depth understanding of major areas of income tax law, with a focus on rules pertaining to withholding taxes in the context of both income tax and sales tax.
Who Should Attend
- Tax Managers
- Auditors
- Accountants
- Compliance Managers/Supervisors
- Compliance Officers
- Tax Consultants
- Business Owners
- Tax, Accounting , Audit, Compliance and Finance Professionals
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
Course outline
- Preliminary, Definitions
- What is Tax?
- What is Withholding Tax?
- Withholding Agent
- Responsibility of Withholding Agent
- Payments of withholding Tax
- Filer and Non Filer
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
International Student Fee: 600 USD
Flexible Class Options
- Corporate Training | Evening Classes
- Week End Classes For Professionals SAT | SUN
- Online Classes-Live Virtual Class( L.V.C) Online Training
