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Certificate In Withholding Taxes

2021-04-12 11:35   Services   Karachi   6 views

19,995

  • certificate-in-withholding-taxes-big-0
Location: Karachi
Price: 19,995

Keeping in view the need of time, Softax is introducing 4 weeks comprehensive specialized course on “Withholding Taxes under Income Tax and Federal / Provincial Sales Tax Laws”, which will enable the participants to handle withholding tax matters from withholding on a single transaction to handling audit, assessment, appeals and recoveries in a proficient and professional manner.

Contents:

Withholding under Income Tax Ordinance, 2001:

• Introduction to withholding tax

• History of withholding tax

• Why withholding tax is necessary

• Withholding tax regimes

• Section-wise understanding

• Transaction-wise rates and exemptions

• Section-wise principles for adjustment of tax

• Transaction-wise identification as withholding agent

• Withholding tax compliance strategies

• Drafting Standard Operating Procedures (SOPs)

• Preparation of periodical withholding statements

• Verification and submission of withholding statements

• Reply to different type of notices relevant to withholding tax

• Withholding tax audit:

o Pre-audit (Knowledge and record keeping)

o During-audit (Compilation and presentation of records)

o Post-audit (Legal expertise)

• How to obtain exemption certificate

• Audit selection criteria

• Penalties & Prosecution in case of non-compliance

• Default surcharge calculation

• Jurisdiction – Powers and functions of the officers

• Legal procedure and scope of departmental proceedings

• Discussion with auditor

• Handling audit observations

• Handling assessment notices

• Withholding tax in the eyes of Superior Courts

• Time period for withholding tax monitoring or audit

• Assessment procedure

• Appeal procedure

• Withholding tax recovery provisions

• How to obtain stay against recovery

Withholding taxes under Sales Tax Laws:

• Withholding tax under the Sales Tax Act, 1990

• Withholding tax under the Sindh Sales tax on Services Act, 2011

• Withholding tax under the Punjab Sales tax on Services Act, 2012

• Withholding tax under the KP Finance Act, 2013

• Withholding tax under the Balochistan Sales Tax on Services Act, 2015

• Withholding tax under the ICT Sales Tax on Services Ordinance, 2001

Who cannot affort to miss?

This Certification is considered to be most suitable for:

• Tax, Accounts and Finance Managers

• Tax, Accounts and Finance Executives

• Tax, Accounts and Finance Officers

• Internal Auditors

• Procurement Personnel

• Tax Advisors

• Business executives

• Software developers