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
undefinedAccomplishments
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
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