Managing Intricate Tax Issues under Punjab and

Sindh Sales Tax laws

Retail Marketing Workshop Series

By advent of Punjab Sales Tax on specified services effective from 01 July 2012, the taxpayers discharging their sales tax/excise liability with Sindh Revenue Board or Federal Board of Revenue are facing multiple problems, particularly where the point of origination and termination of service is debatable or not adequately described under the relevant provisions of the Provincial sales tax laws. Further, the application of the specific provisions of tax statutes of SRB and PRA, as related with reverse charge, taxation of royalty/technical fee, withholding sales tax, etc. have also worsened the situation for the taxpayers considering certain clarifications are still awaited on the part of revenue authorities. The industrial segments affected by the new legislations inter-alia include telecommunication, banks, asset management companies, other NBFCs, insurance, hotels, restaurants, clubs, caterers, media companies / advertising agencies, port & airport related services, shipping agents, stevedores, ship management services, freight forwarders, custom agents, courier, franchise services, property developers, contractor of civil, electrical & mechanical works, turn-key projects, money exchangers, stock brokers, construction services, etc. In the above backdrop, it is time to have an interactive session, aiming at providing up-to-date knowledge and way forward to mitigate the risks and challenges assailing from the intricate tax issues.

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Chief Financial Officer, Controller Finance, Tax Executives & Managers / Accountants, who may be involved in either sales tax planning and budgeting or its implementation and compliance work.

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Managing Intricate Tax Issues under Punjab and

Sindh Sales Tax laws

Workshop Contents

Mr. Shah is actively engaged in tax practice having focus and wide experience in indirect tax advisory and compliance services since last 10 years, as provided to the leading multi-national and local corporate entities within various segments of industry. He is presently associated as Senior Manager Tax with KPMG Taseer Hadi & Co., Chartered Accountants, Karachi. He also represents taxpayers before various appellate and litigation forums i.e. Appellate Tribunal, Federal Board of Revenue, Sindh Revenue Board, Punjab Revenue Authority and Federal Tax Ombudsman. Mr. Shah is an Associate Member of the Institute of Cost & Management Accountants of Pakistan. He is also a Member of Karachi Tax Bar Association, and Ex-Member of Taxation Committee of Karachi Branch Counsel of ICMAP. He has been an eminent speaker at various seminars and workshops on indirect taxes at professional forums including ICAP, ICMAP, KTBA, MAJU, etc.

Workshop Investment: Rs. 7,500/- per participant (Including Course Materials, Certificate, Lunch, Tea and Networking)

For Registration Contact:

M. Nasir Khan Khattak / Subhan Uddin Khattak

Cell: 0345 3435764 and 0345 2997705

Email: nasir.khattak@consultace.net

Subhan.uddin@consultace.com

Phones: 021-34388925 – 6

Web: www.consultace.com

23rd February 2013, Marriott Hotel, Karachi

02nd March 2013, Park Plaza Hotel, Lahore &

Timing 9 am - 5 pm

ACE Consultants Management Development & Learning Center

⁻ Constitutional framework on sales tax application

⁻ Scope of taxation under Sindh and Punjab Sales Tax

laws

⁻ Point of origination and termination of taxable

services

⁻ Concept of reverse charge and its applicability

⁻ Mechanism of input tax adjustments and negative lists

⁻ How to lodge and pursue refunds

⁻ Multiple sales tax returns

⁻ Aspects of tax planning

⁻ Treatment of sales tax / FED on royalty, technical fee,

franchise fee, etc.

⁻ Tax implications under Withholding Sales Tax Rules

⁻ Strategy to handle disputes with tax regulators