- 25 Aug, 2016
- | Category: Tax
Federal and Provincial Governments have made drastic changes in Withholding taxes, like increased number of transactions subject to withholding tax and scope of withholding agent, resultantly withholding agent will face lot of problems in handling withholding tax matters specially, who/how/when a withholding agent shall deduct and then to whom deposit such tax etc. etc. Furthermore, the concept of Filer / Non-Filer and identification of adjustable / Final Tax for payee created another problem for the Withholding Agents.
This daylong session aims at to review, discuss and understand each and every transaction subject to withholding tax under Income Tax Ordinance, 2001, Sales Tax Act, 1990 and Provincial Sales Tax on Services Acts of Sindh, Punjab, KPK and Islamabad Capital Territory with budget updates to resolve above mentioned practical issues of the Withholding Agents.
At the end of the session the participants will be able to handle their day to day withholding tax matters in a professional manner, resultantly the compliance level will be improved and chances of heavy penalties/prosecution will be minimized.