Quickbooks
Aqib Riaz
Manager - Tax And Legal
Lahore
Summary
As a manager at PwC, I am well aware of the corporate world and its demands. I am handling a team of 5-7 people and managing a portfolio of 5+ corporate clients. I am knowledgeable about the different aspects of accounting and taxation, from the basic principles to the specialized analysis. I have gained a greater appreciation for the importance of having a well-rounded view of the overall business landscape and I am skillful at applying the necessary knowledge and expertise to any given task. My experience in external and internal auditing from a sole proprietor-based audit firm has provided me with a unique perspective on the world of auditing.
Overview
8
8
years of professional experience
7
7
years of post-secondary education
2
2
Languages
Work History
Manager Tax and Legad Services
PwC Pakistan [A.F.Ferguson &Co.]
Lahore
01.2023 - Current
- Responsible for filing of the annual income tax returns of the MNC / group clients;
- Preparation of tax defense memorandum for the corporate as well as individual clients appealing audit by tax authority.
- Representing the companies and individual clients in front of the tax authorities.
- Independently contest Corporate Tax litigation matters of various clients before the appellate forums;
- Advising clients on various corporate tax matter;
- Responsible for compliance activities involving filing of Periodic Sales tax returns and refund claims on behalf of clients;
- Advise clients on VAT requirements and respond to queries with appropriate level of knowledge.
- Supervising VAT team and ensuring the timely delivery of the assignment with high competency.
- Prepared appeal memos and presenting clients on both preliminary and higher appellate authorities
- Responding to the various queries raised by the client with regard to indirect-tax matters;
- Undertaking Indirect-tax ‘health-check’ assignments involving review of the client-specific pendente lite matters and advising on the chances of success and the way forward
- Perform tax interviews with clients on the tax implications of their international assignments;
- Addressing the queries regarding possible tax issues that an assignee may face due to international assignments;
- Performing calculations for the Equalization tax reconciliations and hypothetical taxes;
- Preparation and submission of tax returns for the expats for MNC companies.
- Advising clients on complex tax matters, such as international tax treaties, regulations, and legislation;
- Identifying and recommending tax strategies to reduce a client's overall tax liability.;
- Preparing and reviewing transfer pricing documentation for multinational corporations.
- Ensuring compliance with international tax laws and regulations. ● Reviewing and filing group entity’s reports with Pakistan Tax Authorities under the CbCR regulations.
Assistant Manager Tax
PwC Pakistan [A.F.Ferguson & Co.]
Lahore
07.2020 - 12.2022
- Assists companies in tax planning which will minimize sales tax, income tax and custom duties exposure on their transactions/contacts and other business dealings;
- Prepare and file annual income tax and monthly withholding tax returns of the companies;
- Preparation of appeal arguments, briefing counsels on various legal matters, etc;
- Advice and give opinions on various direct and indirect tax issues e.g. related party transaction, valuation, etc;
- Advise on tax implications due to any changes in the existing legislation;
- Assist companies and its employees in obtaining National Tax Number and related matters; – Assist companies in their tax audits by the taxation authorities;
- Prepare the replies to show cause notices issued by the tax officers during taxation proceedings; and,
- Conduct independent review of tax compliance by the companies and suggesting improvement in the compliance procedures.
Senior Tax Associate
PwC Pakistan [A.F.Ferguson & Co]
Lahore
11.2015 - 06.2020
- Developed in-depth knowledge of client business and industry through direct interaction while working on various aspects of engagement.
- Reviewed and analyzed client data and accurately prepared income tax returns and tax research.
- Prepared tax returns, extensions, tax planning calculations, and write-ups for organizations and entities.
- Offered clients recommendations to reduce tax liabilities.
- Completed and filed sales tax returns with tax departments at provincial and federal tax authorities.
- Responded promptly to official tax notices requiring clarifications and additional submissions.
- Prepared accurate quarterly and yearly tax filings for businesses such as PepsiCola and Asea Brown (ABB).
- Researched and analyzed specialized tax laws, rules and regulations and analyze pertinent client, industry and technical matters to remain current on tax legislation.
- Identified potential audit red flags to minimize risk of FBR audits.
- Liaised with accountants to confirm accuracy of client tax returns.
Audit Associate
Mehboob & Co.
Sahiwal
11.2013 - 12.2014
- Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
- Assessed internal control risks of network through information system audits.
- Interviewed business owners to understand needs and explain audit scope.
- Consulted clients on internal control systems development and audit program improvements.
- Identified management control weaknesses and provided value added suggestions for remediation.
- Prepared working papers, reports and supporting documentation for audit findings.
- Used Quickbooks and Xero software to generate financial statements and facilitate account closing procedures.
- Identified various risks and errors to propose corrective action to decision makers.
Education
Chartered Certified Accountant - Accounting, Auditing, And Taxation
ACCA
01.2012 - 06.2015
High School Diploma -
Intermediate
GC, Sahiwal 01.2010 - 12.2011
Matriculation - Mathematics
GCS
Sahiwal 01.2009 - 12.2010
Skills
Corporate tax issues
Sales Tax Settlements
Manager support
Organized managerial style
Leadership
Decision Making
Troubleshooting
Strategic Thinking
Emotional Intelligence
Delegation
Accomplishments
The first ACCA to be promoted to the position of Manager in the Tax department.
I was the first to handle the indirect tax and withholding compliances at my firm.
Software
Xero
Peachtree
Tax Portals
Timeline
Manager Tax and Legad Services
PwC Pakistan [A.F.Ferguson &Co.]
01.2023 - Current
Assistant Manager Tax
PwC Pakistan [A.F.Ferguson & Co.]
07.2020 - 12.2022
Senior Tax Associate
PwC Pakistan [A.F.Ferguson & Co]
11.2015 - 06.2020
Audit Associate
Mehboob & Co.
11.2013 - 12.2014
Chartered Certified Accountant - Accounting, Auditing, And Taxation
ACCA
01.2012 - 06.2015
High School Diploma -
Intermediate
01.2010 - 12.2011
Matriculation - Mathematics
GCS
01.2009 - 12.2010