Introduction:
Budget Proposals 2012-13 have been
approved by the Parliament and many
changes have been made in the taxation
laws. 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.
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. The contents of program
are withholding taxes & salary taxation
including the changes made through
Finance Act 2012.
Topics:
The program will cover the following;
·
The concept of Withholding Tax Regime
·
The Applicability of Withholding Taxes
with respect to Payments to Residents,
Non Residents against
o
Salary Taxation, tax computation and
withholding mechanism
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
·
Rates of withholding taxes against
different types of payments as mentioned
above
·
Compliance Requirements and consequences
in case of non-compliances.
·
Sales Tax Withholding
Learning Objectives:
To equip the participants with complete
knowledge of withholding taxes &Salary
Taxation including Changes through
Finance Act 2012 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 |
|
13-10-12 |
0930-1700
(Saturday) |
11-10-12 |
Rs:5,000
Per Participant |
Duration =
01 Day
