Taxation Course – CGL Center of Global Leadership

Professional Diploma in Pakistani Taxation

Level 1- Taxation Fundamentals

Level 2: Applied Taxation & Compliance

Level 3: Advanced Practical Taxation

Course Details

This complete qualification contains the follwing three levels:

Level 1 – Taxation Fundamentals

Level 2- Applied Taxation & Compliance

Level 3- Advance Practical Taxation

Level 1- Taxation Fundamentals

Duration

6 weeks

Mode of Study

Weekend Classes

Location

Islamabad/Online

Course Description

Level 1 of this course introduces students to Pakistan’s taxation framework, basic tax legislation, taxpayer categories, income classifications and fundamental tax calculations. It establishes the knowledge required before students move into practical tax computation and return preparation.

Who is it for?

This programme is suitable for:

Individuals interested in learning income tax return preparation
Students or fresh graduates in any discipline who are interested to start career in taxation and accounting.
Accounts assistants, finance officers and administrative professionals.
Individuals interested in learning income tax return preparation.
Business owners and freelancers seeking a better understanding of tax compliance.
Accounting professionals wishing to strengthen their practical taxation skills.

What you will study?

Module 1: Introduction to Taxation

Purpose and importance of taxation.
Direct and indirect taxes.
Overview of Pakistan’s taxation system.
Federal and provincial tax authorities.
Basic taxation terminology.

Module 2: Introduction to Pakistani Tax Laws

Introduction to the Income Tax Ordinance, 2001.
Introduction to the Sales Tax Act, 1990.
The role of the Federal Board of Revenue (FBR).
Introduction to Finance Acts, tax rules and notifications.
Understanding why tax laws and rates change.

Module 3: Introduction to Income Tax

Tax year and taxable income.
Categories of taxpayers.
Resident and non-resident taxpayer concepts.
Heads of income.
Basic tax exemptions, deductions and credits.
Introduction to withholding tax.

Module 4: Taxpayer Registration and Compliance

Introduction to NTN and FBR registration.
Understanding the Active Taxpayer List (ATL).
Introduction to FBR IRIS.
Basic tax filing obligations.
Tax records and supporting documentation.

Module 5: Basic Tax Computation

Introduction to salary taxation.
Basic income tax calculations.
Introduction to business income.
Basic property income and capital gains concepts.
Introduction to tax payments and withholding tax adjustments.

Module 6: Introduction to Sales Tax

Basic concepts of sales tax.
Taxable and exempt supplies.
Input tax and output tax.
Introduction to sales tax registration.
Basic sales tax invoice concepts.

Practical Assignments

Assignment 1: Understanding Pakistan’s Tax System

Identify the relevant tax category, taxpayer type and tax authority for five fictional taxpayer scenarios.

Assignment 2: Basic Income Tax Calculation

Calculate the taxable income and indicative tax liability of a fictional salaried individual using the applicable tax rates supplied with the assignment.

Assignment 3: Taxpayer Documentation Exercise

Review a fictional taxpayer’s document checklist and identify the information required for registration and income tax return preparation.

Assignment 4: Introduction to Sales Tax

Calculate output tax, eligible input tax and the resulting net tax position using a simple set of supplied transactions and assumptions.

Assessment:

Knowledge test, short assignments and a foundation-level practical examination.

Entry Requirements:

I.com/FA/FSc/B.com/BBA, MBA, B.Com, BS Accounting and Finance and related students.
Students who have completed O/A Level’s/ Intermediate in any discipline.

Learning Outcomes

By completing Level 1, students should be able to:

Explain the basic structure of Pakistan’s tax system.
Identify the principal tax authorities and relevant tax legislation.
Recognise different taxpayer categories and heads of income.
Perform basic tax calculations.
Understand the purpose of NTN registration, ATL and IRIS.
Explain basic sales tax concepts.

Level 2: Applied Taxation & Compliance

Duration

8 weeks

Mode of Study

Weekend Classes

Location

Islamabad/Online

Course Description

Our Level 2 builds on the foundation established in Level 1. Students learn to apply taxation concepts to realistic financial records, calculate tax liabilities, prepare tax working papers, review supporting documents and practise drafting individual tax returns and basic business tax computations.

What you will study?

Module 1: Applied Income Tax Computation

Taxable income under different heads.
Salary and employment-related income.
Business and property income.
Capital gains and other sources of income.
Relevant deductions, tax credits and exemptions.
Tax computation and reconciliation.

Module 2: Individual Taxation

Tax requirements for salaried individuals.
Individuals with multiple income sources.
Property owners and rental income scenarios.
Freelancers and business individuals.
Withholding tax records.
Tax payments and adjustments.

Module 3: Wealth Statements and Reconciliation

Understanding assets and liabilities.
Personal and business asset records.
Opening and closing wealth.
Income, expenses and changes in net worth.
Wealth reconciliation methods.
Identification of discrepancies and missing information.

Module 4: FBR Registration and IRIS Workflows

Individual taxpayer registration concepts.
Understanding taxpayer profiles.
Introduction to the relevant IRIS filing workflows.
Supporting document preparation.
Tax payment references and payment records.
Review of draft filing information.

Module 5: Individual Income Tax Return Preparation

Understanding the structure of an income tax return.
Organising income and tax deduction information.
Preparing tax computation worksheets.
Drafting individual returns using sample data.
Reviewing tax liability and tax payments.
Identifying common filing errors.

Module 6: Business Taxation Fundamentals

Taxation of sole proprietors and AOPs.
Introduction to company taxation.
Understanding business income and expenses.
Allowable and disallowable expenses.
Basic accounting profit-to-taxable-profit adjustments.
Supporting documents and tax working papers.

Module 7: Sales Tax Compliance

Sales tax registration concepts.
Sales and purchase invoices.
Taxable, exempt and other relevant supply categories.
Input tax and output tax calculations.
Basic input tax eligibility checks.
Sales tax reconciliation and return structure.

Module 8: Tax Compliance and Record Keeping

Tax filing calendars and deadlines.
Tax documentation and record management.
Common compliance errors.
Introduction to withholding tax compliance.
Reviewing draft tax computations.
Basic client communication and document requests.

Practical Learning

Assignment 1: Individual Tax Computation

Prepare a complete income tax computation for a fictional salaried individual with additional income or tax deductions. Identify the documents required to substantiate the calculation.

Assignment 2: Wealth Statement Preparation

Prepare a sample wealth statement from supplied asset, liability, income and expense information. Reconcile the change in wealth and explain any discrepancies.

Assignment 3: Draft Individual Tax Return

Use a supplied taxpayer profile, income details and tax payment records to prepare a draft individual income tax return and supporting calculation sheet.

Assignment 4: Business Income Tax Computation

Review a fictional sole proprietor’s income statement, identify relevant tax adjustments and calculate taxable business income using the rules supplied for the exercise.

Assignment 5: Sales Tax Return Working Papers

Review sample sales and purchase invoices, calculate output tax and eligible input tax, and prepare a reconciliation worksheet for a simulated reporting period.

Assignment 6: Tax File Review

Review a fictional taxpayer’s file, identify missing documents and inconsistencies, and prepare a checklist of outstanding items before the draft return can be finalised.

How you will learn

A combination of theocratical knowledge about the Pakistani Taxation and a supervised practical exercises

Entry Requirements:

Entry Requirements:

Students those are successfully completed Level 1 (Taxation Fundamentals) or having basic knowledge or qualification related to the Taxation and accounting which is at least 70% similar to our Level 1 certificateI
Each application will be assessed case to cade basis

Learning Outcomes

By completing Level 2, students should be able to:

Prepare tax computations using supplied financial information.
Organise supporting documents for tax return preparation.
Draft individual income tax returns and basic wealth statements.
Perform introductory business income tax calculations.
Calculate sales tax using sample transaction records.
Identify common documentation and compliance issues.
Understand the sequence of tax return preparation and review.

Assessment:

Practical assignments, case studies, a tax computation test and a draft-return preparation assessment.

Level 3: Advanced Practical Taxation

Duration

10–12 weeks

Mode of Study

Weekend Classes

Location

Islamabad/Online

Course Description

Level 3 is designed for learners who want to develop more advanced practical skills in Pakistani taxation. Students work through simulated client files, review financial records, calculate tax liabilities, prepare supporting schedules and practise the workflow involved in individual income tax, corporate taxation and sales tax compliance.

The emphasis is on completing practical tasks accurately, documenting assumptions, identifying discrepancies and understanding when specialist advice or further verification is required.

Track A: Individual Income Tax Returns

Client information collection and tax document checklists.
Salaried individual tax return preparation.
Tax cases involving multiple income sources.
Business income and property income cases.
Capital gains and other relevant income scenarios.
Withholding tax records and tax payment reconciliation.
Wealth statement preparation and reconciliation.
Tax computation worksheets.
Draft return preparation using the applicable IRIS workflow.
Review of supporting documentation and common errors.
Preparation of a final tax file for instructor assessment.

Practical Assignments

Prepare a complete draft income tax return for a salaried individual.
Prepare an individual return involving salary, property income and other supplied income.
Prepare a wealth statement and reconcile the taxpayer’s opening and closing wealth.
Review a fictional taxpayer file and prepare a report identifying missing documents, inconsistencies and potential compliance issues.

Track B: Corporate and Business Taxation

Understanding company financial statements and trial balances.
Reviewing revenue, expenses, assets and liabilities.
Reconciliation of accounting profit and taxable profit.
Allowable and disallowable expenses.
Tax depreciation and relevant adjustments.
Corporate income tax computation.
Tax payment and withholding tax reconciliation.
Introduction to advance tax compliance.
Corporate tax return structure and supporting schedules.
Draft company return preparation using sample financial records.
Introduction to tax compliance review and document retention.

Practical Assignments

Review a fictional company’s trial balance and financial statements.
Prepare an accounting-profit-to-taxable-profit reconciliation.
Calculate a company’s taxable income and indicative tax liability using the supplied tax-year rules.
Prepare supporting tax schedules and a draft corporate income tax return using the supplied company data.
Prepare a corporate tax compliance checklist identifying missing information and unresolved tax issues.

Track C: Sales Tax and Indirect Tax Compliance

Sales tax registration and taxpayer information.
Sales and purchase invoice verification.
Taxable, exempt and other relevant supply classifications.
Output tax calculations.
Input tax eligibility and adjustment checks.
Sales tax reconciliation.
Sales tax records and supporting documentation.
Preparation of sales tax return working papers.
Draft periodic sales tax return preparation.
Introduction to provincial sales tax on services and jurisdictional differences.
Review of common reporting errors.
Introduction to correction and refund workflows where applicable.

Practical Assignments

Review a fictional business’s sales and purchase invoices.
Calculate output tax and eligible input tax.
Prepare a sales tax reconciliation for a simulated reporting period.
Prepare supporting schedules for a draft sales tax return.
Identify discrepancies between sales records, purchase records and tax working papers.

Final Capstone Assignment: Complete Tax Compliance Portfolio

Students complete a portfolio containing:

One individual income tax return case.
One wealth statement and reconciliation case.
One business or corporate income tax computation.
One corporate tax return preparation case.
One sales tax reconciliation and draft return case.
A final review checklist identifying errors, missing documents and unresolved questions.

The capstone should be assessed for calculation accuracy, correct use of supplied tax rules, documentation, reconciliation and quality of the draft return.

How you will learn

100% practical-focused delivery, using case studies, simulations, tax working papers and supervised return-preparation exercises.

Entry Requirements:

Students those are successfully completed Level 2 (Applied Taxation & Compliance or having good understanding of taxation principals and some accounting concepts which is at least 70% similar to our Level 2 certificate
Each application will be assessed case to case basis

Learning Outcomes

By completing Level 3, students should be able to:

Prepare and review individual tax return working papers.
Prepare wealth statements and identify reconciliation issues.
Calculate taxable business and corporate income using supplied financial records.
Prepare corporate tax computations and supporting schedules.
Calculate input and output sales tax and prepare return working papers.
Review tax files for errors, omissions and inconsistencies.
Follow a structured tax compliance workflow using sample data and the applicable filing procedures.

Assessment: Practical portfolio, simulated filing exercises, technical review and final capstone assessment.