WORKSHOP ON ADVANCE TAXATION UNDER FEDERAL & PROVINCIAL SALES TAX LAW IN PAKISTAN

Objectives:

Tax planning and managing tax affairs are desired to be integrated with overall corporate strategy and risk management of an organization. Along with understanding of general provisions of the law the advance learning is also considered mandatory for effective tax planning and managing complex tax affairs of an organization in a professional way.

Basic and initial knowledge of sales tax Laws help to understand the advance aspect of Federal and Provincial sales tax laws quickly and confidently. Now it is considered mandatory for a person dealing tax matters to have up-to-date knowledge and expertise in handling critical issues involved in sales tax on goods & services to effectively manage the tax affairs of the organization.

Looking at the need of the time and ongoing rapid changes in provincial sales tax laws of Punjab, Sindh, KPK, Baluchistan, Islamabad and Federal sales tax law, Softax arranged a full day workshop on “Advance Taxation under Federal and Provincial Sales Tax Laws”. This day-long session aiming to provide a way forward to alleviate challenges assailing from sales tax on goods and services issues and also develop requisite skills among the participants, within an interactive environment for maximum learning through discussion and deeply understanding of the up-to-date knowledge of the Federal & provincial Sales Tax Laws in Pakistan, Case studies, Apex Courts' decisions and other internal and External Aids.

At the end of the session the participants will be able to deal issues relating to the goods and services taxed under Federal & Provincial sales tax laws.

Contents:

· Scope of Sales Tax on Goods and Services including transaction with unregistered person
· Identification of exempted, zero-rated and reduce rate goods under Federal Sales Tax Law and VAT mode goods under Federal Excise Law.
· Identification of taxable and exempt services under Provincial Sales Tax Laws and VAT mode services under Federal Excise Law
· Adjustment of input tax Federal against provincial and vice versa
· Circumstances where input taxes under Federal & Provincial Sales tax laws are not available for adjustment.
· Withholding tax under Federal & provincial laws:
1. Identification as withholding agent
2. What to withheld and where to deposit.
3. Records to be maintained
4. Reporting requirement (to whom report)
· Handling Departmental proceedings on account of
1. Audit
2. Investigation
3. Recovery
4. Access to premises, stock, accounts, records etc.
5. Posting of offices to monitor production, sales and stock position
· Issues involved in e-filing of monthly returns/statements