Certificate Course in Taxation

About Course

CERTIFICATION IN TAXATION INCOME TAX – SALES TAX – E-FILING

Introduction
This course covers Income Tax Ordinance, 2001, the Income Tax Rules, 2002 and indirect tax Laws such as the Sales Tax Act, 1990, Sales Tax Rules, and Federal Excise Act as amended to-date. The objective of this course is to prepare the students with an in-depth information of direct and indirect tax laws applicable in Pakistan.
Objectives
To provide the students with an in-depth knowledge of direct and indirect taxes to deal with day to day practical issues regarding computation of tax liabilities, taxable income, refund and filing of annual and monthly returns and it is mandatory for individual, corporate and noncorporate sectors to make the tax compliances online through FBR Web-Portal. It will also meet the needs of participant by preparing them for manual and electronic submission of returns/statements, e-filing procedures, maintenance of records, computation of taxable amounts and day to day practical issues relevant to Income tax, Federal & Provincial Sales Tax Laws.
Get comprehensive knowledge of the statutes through hands-on training, practical examples and case studies
Get confidence in handling day to day matters involved in taxation like; manual and electronic preparation and submission of returns/statements and calculation of taxable figure in complicated cases
Develop reasonable practical skills for maintenance of records in accordance with the provisions of Income Tax, Sales Tax and, Federal Excise.
Course Outline
PART A
INCOME TAX
Fundamentals and Tax Regulatory
Environment in Pakistan
• Tax Regulatory Environment for
Business in Pakistan
• Income Tax: Basic Terms and Concepts • Scope of Income Tax Law in Pakistan • Income Tax Regimes: Normal,
Minimum, Final and Exempt Incomes • Geographical Source of Income
• Principles of Taxation for Individuals, AOPs and Corporates
• Mechanism of Tax Collection
• Withholding Taxes – Taxpayers’
Perspective
• Mechanism of Tax
• Computation: Overview
Heads of Income and Their Tax Treatment
• Income from Salary
• Income from Property
• Business Income
• Capital Gains
• Income from Other Sources
• Income Taxed under Separate Block
Income Tax Compliance: Registration, Enrollment, Filings and Records
• Total Income and Allowable Deduction • Determination of Tax Liability
• Tax Credits and Reductions
• Tax Treatment of Losses
• Registration and E Enrollment and E Filings with FBR
• Structure and Contents of Income Tax Return
• E-Filing Process and E-Payments
• Withholding Taxes – Agents’
Perspective
• Tax Accounting and Mandatory Records
Determinants and Consequences of Non Compliance
• Ethics & Compliance
• Competence and professional care • Tax evasion Vs. avoidance
• Record, Notices, Investigation
• and Audits · Assessments
• Offences, penalties and default charge • Appeal Channels and Alternate
• Dispute Resolution
• Recovery of Tax
• FBR Complaints Forums
• Federal Tax Ombudsman
PART B
Sales Tax & Federal Excise Duty
Sales Tax on Goods
• Introduction to VAT and its Evolution in Pakistan
• Key Terms and Concepts
• Scope of Sales Tax on Goods
• Determination of Sales Tax Liability (Output Tax and Input Tax)
• Exemptions & Zero Rating
• Refunds
• Registration and Related Issues
• E-Filing Sales Tax
• Record keeping and Documentation • Investigations and Inspections and Audit
• Assessment and Recovery, Offences and Penalties
• Blacklisting, Suspension & Active Taxpayers List
• Appeals and Alternate Dispute
Resolution
• Sales Tax Withholding
• Selected Special Procedures
Provincial Sales Tax on Services
• Definitions and Scope of Tax
• Overview of Services Sales Tax in Pakistan
• Basic concepts in Sales Tax on Services· Taxable Services, Value, Timings and Rates
• Registration and De-Registration • Determination of Tax Liability
• Output Tax and Input Tax
• Time Manner and Mode of
• Payment of Tax Liability
• Returns and Filings
• Investigations and Audits
• Refunds and carry forward adjustments • Offences and Penalties
• Appeals and Alternative Dispute Resolutions
Federal Excise Duty
• Scope of Federal Excise
• Important Definitions
• FED Mechanism in Value Addition Mode • Adjustment of Inputs and
Determination of FedEx Liability
• Offences & Penalties
• Searches, Arrests & Seizures
• Adjudications, Appeals &Alternative Dispute Resolution
• Selection and Conduct of Audit

*Total learning investment*
PKR: 25000 ( Duration 2 Months) only Sunday class between 4pm to 7pm. For details plz call 02134823333 & 03129235414