Diploma in Taxation – Income & Sales Tax – Karachi

INTRODUCTION

Tax is not a cost or burden to a business, good command over it saves an Entity / Individual from unnecessary coat and various complexities those arise once a transaction is concluded. Now a days Government is making lot of efforts to increase tax base and have very clear differentiation between tax compliant vs non-compliant Entities/Individuals with the use of word Filer vs non-Filer. Knowledge of Taxation is not only necessary for those who are in particular dealing with tax matters but also reasonable level of knowledge is a prerequisite for ever one whether doing business or in employment. A new concept is coming up

“Facilities will be for those who are regulation compliant”

OBJECTIVES

• Introduce basic knowledge of Income Tax and Sales Tax laws.
• Develop awareness how to differentiate Income according to its source; Salary/Rent/ Dividend/ Business etc.
• Highlight importance & benefits of Filing Return of Income.
• Removal of misconception of becoming Tax filer.
• Introduce Tax planning and reduction of Tax within legal framework.
• Avoid penalties.
• Develop awareness of adjustment of Tax deducted / withheld in various transactions; Cell phone, Property Transfer, Electric bills etc.
• Introduce basic knowledge of Sales Tax on Goods & Services and develop concept.
• Develop awareness how to Charge Sales Tax and adjust Sales Tax paid by the business.
• Discuss how deal with Input & Output adjustments.
• Discuss concept of Zero-rated & Exempt Supplies.
• Highlight importance & benefits of Preparing & Filing Sales Tax return on time.
• Removal of misconception about claims / adjustments.
• Develop awareness of adjustment of Sales Tax deducted / withheld.

PROGRAM CONTENTS

Module-1: INCOME TAX:

• Overview of FBR Portal
• Registration of entities / Individuals as new tax payer.
• Discussion of basic concepts and definitions.
• Tax Rates & Rebates, Tax Credits.
• Computation of Taxable Income under various heads.
• Tax Return – Who will file return, Date of Filing Return & Extension.
• Preparing Tax Return on FBR Software.
• Tax payments, Withholding Tax & Advance Tax
• Preparing Withholding Tax Return on FBR Software.
• Tax Refunds
• Assessments

Module-2: SALES TAX:

• Overview of FBR Sales & SRB Tax Portal
• Registration of businesses as new tax payer.
• Discussion of basic concepts and definitions.
• Tax Rates and Tax Credits.
• Tax Return – Date of Filing Return & Sales Tax Payment.
• Preparing Sales Tax Return on FBR Software.
• Sales Tax Refund
• Assessments

METHODOLOGY

Lectures, practical, exercises assignments & tests.

PROGRAM DURATION/DAYS

This Program is of 4-month duration. Classes will be held on Sundays 3:00 pm to 8:00 pm.

PARTICIPANT PROFILE

• Tax Managers
• Accounting & Finance managers
• Persons dealing with tax matters in functions other than Accounting & Finance.
• R. Managers
• All those who work on taxation in both private and public sector organizations

LEARNING INVESTMENT

The fee for the entire program is Rs. 56,000/- (SST will be applicable on all training programs held in Sindh).

FOR DETAILS & REGISTRATION

Diploma Office, Management House, Shahrah Iran, Clifton, Karachi
Voice Dir: (+9221) 99251 669 EPABX: (+9221) 9925 1711-14 Fax: (+9221) 9925 1715-16
Cell: 03333347789 & 0333-3028660, E-mail: diplomakhi@pim.com.pk