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WITHHOLDING TAXES UNDER INCOME TAX/SALES TAX LAWS
INCLUDING AMENDMENTS THROUGH FINANCE ACT 2013

(1 Days Training Workshop)

Introduction of the Course:

 

The un-documented economy of Pakistan has been a curse, resulting low tax to GDP ratio. Consequently, withholding tax regime has become vital in taxation system of Pakistan. WHT is an act of deduction or collection of tax at source, through withholding tax agents, which has generally been in the nature of an advance tax payment. Major part of income tax is being collected through WHT Regime under direct taxes. Since 2007, Withholding Regime was extended for Indirect Taxes (Sales Tax) as well. Initially Public Sector was made withholding Agent under Sales Tax Law which was then extended to Large Taxpayers. Further the scope was extended to all Companies Through Finance Act 2013, the scope of Withholding Regime has been further extended to manifold which has made tax compliances more complex for the organizations already in the tax net. This training program is specifically designed to understand the withholding tax regime covering withholding tax provisions of Income Tax and Sales Tax Laws including recent amendments introduced through Finance Act 2013 and various notifications issued from time to time regarding WHT.  

Outline of the Program:

 

The program will cover the following

  • 1.The concept of Taxation System and Withholding Tax Regime under tax laws
  • 2.Withholding Taxes Understanding under the Income Tax Laws and Applicability of Withholding Taxes with respect to Payments to Residents, Non Residents against
    • a. Withholding Tax Mechanism
    • b. Payments to Vendors against Procurements of Goods, Services and Execution of Contracts
    • c. Payments of Rent
    • d. Payments of Brokerage and Commission
    • e. Other Payments to Residents and Non Residents
    • f. New Withholding Taxes introduced through F. Act 2013
  • 3. Basic Concepts of Sales Tax Law
  • 4. Sales Tax Special Procedure (Withholding) Rules 2007 as amended from time to time
  • 5. Compliance Requirements under Withholding Tax Regime.

 

Learning Objectives : 

To equip the participants with complete knowledge of withholding taxes under Income Tax and Sales Tax Laws including Changes through Finance Act 2013 enabling them to apply the knowledge in their practical life to avoid tax implications for their organizations and to facilitate the Govt in revenue collection with true spirit and compliance of the taxation laws..

Who should attend?

         Chief Financial officers

         Manager Finance/Accounts/ Taxation

         Drawing and Disbursement officers working in govt departments

         Internal Auditors

         Fund Managers

         Tax Managers,

         Other personnelís dealing with Income Tax matters

         Students with career in taxation

Starting From07-09-13

Timings0930-1730

Last Date of Registration05-09-13

FeeRs: 6000

29-12-13

0930-1730

(Sunday)

27-12-13

Rs:6000

Per Participant

Duration  =          1 Days

 

 

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