Ali Ahmad

Coordinating with tax consultants and officials at FBR and frequent visits to tax office;  Preparing and checking the responses to notices received from FBR and ensuring appropriate reference of income/sales tax laws and rules while putting up the case in company’s favour.  Examine and assess the data to be submitted to FBR for allowance of exemptions, refunds, allocation of quotas. Refine the information and make necessary adjustments for presenting facts based on accurate positioning of the company.  Check and approve the periodic withholding income tax statements, challans records, monthly sales taxand income tax returns and ensure their timely submission as per prescribed schedule.  Performing computations for calculation of income tax liability on annual and periodic basis while considering the bifurcation of income streams into NTR and MTR. Analysis performed of total input and output sales tax for making sales tax payment.  Processing of sales tax refunds (industrial inputs as allowed under the sales tax Act 1990). Proper follow up of RPOs issued and receipt of funds ensured.

Developed and implemented tax strategies to minimize tax liabilities and optimize tax savings. Managed tax audits and disputes with tax authorities, and negotiated settlements as needed.  Provided guidance on tax implications of business transactions and operations.  Collaborated with other departments to ensure tax compliance and optimization in all business operations.  Stayed up-to-date with changes in tax laws and regulations, and advised management on the impact of these changes.  Responsible for preparation of monthly Sales Tax Returns and filing of withholding statements for withholding agents.  Responsible for preparation of Sales Tax Reconciliation with accounting data.  Guiding the accounts team regarding withholding of Federal and Provincial taxes.

Reporting to Senior Manager of all the taxation matters thereby supporting in business decision-making.  Responsible for all taxation matters, oversight of all the compliances and responding to the notices sent by FBR and other regulatory authorities. Liaison with external tax consultants. Obtaining Corporate Income Tax and Sales Tax refunds from FBR.  Responsible for preparation of monthly Sales Tax Returns and filing of withholding statements for withholding agents.  Responsible for preparation of Sales Tax Refund and file the same with Tax authorities for issuance of RPO.  Responsible for preparation of Sales Tax Reconciliation with accounting data.  Guiding the accounts team regarding withholding of Federal and Provincial taxes

Reporting directly to CFO & CEO of all the accounting and taxation matters thereby supporting in business decisionmaking.  Financial Reporting for all reporting periods, supervision of the closing process, preparation of financial statements and related schedules as per IFRSs and local laws using ERP (SAP) systems for high-quality financial data.  Coordinating with the internal & external auditors for annual and interim assurance engagements (audit) and for internal audit of various functions by ensuring compliance standards, guidelines and regulations and obtaining satisfactory audit reports.  Responsible for all taxation matters, oversight of all the compliances and responding to the notices sent by FBR/ PRA and other regulatory authorities. Liaison with external tax consultants. Obtaining Corporate Income Tax and Sales Tax refunds from FBR.  Close collaboration with other departments and stakeholders’ management for all related business financial operations on daily/ad-hoc basis for smooth and timely execution of tasks assigned.  Managing day-to-day accounting operations such as processing payments, releasing sales orders, reconciliations and verifying proper posting.  Managing HCM database & BPC including consolidating the monthly & annual financial data, month-end payroll execution, reconciliation, issuing Debit letters.  Managing teams to delegate motivation and innovate solutions for problems on day-to-day basis for maximum productivity by exercising open-door policy. Reviewing work for quality and accuracy.  Responsible for professional growth of my team by providing effective feedback on strengths and areas for improvement. Appraising annual performance for appraisal.

Corporate Income Tax  Managing the tax department by assigning various tasks to subordinates and reporting the partners.  Well acquaintance with the Corporate Income Tax Ordinance, 2001 and Income Tax Rules,2002.  Presenting the cases before Taxation and Appellate authorities under the supervision of principal partner.  Data analysis for the preparation of files that are required by tax authorities.  Preparation of replies to various legal notices issued by the tax authorities. Value Addition Tax  Well acquaintance with Sales Tax Act, 1992 and Punjab Sales Tax on Services Act, 2012.  Preparation and e-filing of monthly VAT Returns/Sales Tax on Services Returns and filing of withholding statements for withholding agents.  In-depth knowledge of registration requirements under the law.  Preparation of replies to various legal notices issued by the tax authorities.  Assisting the principal partner in carrying out total audit of sales tax assigned by FBR.