Introduction:
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. Under the
Withholding Tax Regime, Deduction,
deposit of tax and filing of periodic
Withholding Statements is mandatory for
Withholding Tax Agents. The persons
obligated to do so under the Tax Laws
have to fulfill certain statutory
obligations.
As per news, FBR is to meet revenue
targets by monitoring WHT. Therefore,
WHT agents need to be more careful
regarding their obligations for
Withholding Taxes.
This training program is specifically
designed to understand the withholding
tax regime covering provisions of Income
Tax and Sales Tax Laws including various
notifications issued from time to time
regarding WHT.
Outline:
The program will cover the following;
1.
1.
The concept of Withholding Tax Regime
2.
The Applicability of Withholding Taxes
with respect to Payments to Residents,
Non Residents against:
o
Payments of Salaries to Employees.
o
Payments to Vendors against Procurements
of Goods, Services and Execution of
Contracts
o
Payments of Rents
o
Payments of Brokerage and Commission
o
Other Payments to Residents and Non
Residents
3.
Rates of withholding taxes against
different types of payments as mentioned
above
4.
Compliance Requirements and consequences
in case of non compliances.
Learning Objectives:
To equip the participants with complete
knowledge of withholding taxes enabling
them to apply the knowledge in their
practical life 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 personnel’s dealing with Income
Tax matters
·
Students with career in taxation
|
Starting From |
Timings |
Last Date of Registration |
Fee |
|
17-02-12 |
1730-2100
(Fri-Sat) |
15-02-12 |
Rs:4,500
Per Participant |
Duration =
2 Days
