محمد حسام

A member Firm of KPMG International
VAT Impact Assessment and Implementation

I was involved in planning, execution of audit procedures and preparation of financial statements and summary
review memorandum as well as review of other team members' work.
CLIENT PORTFOLIO
* Textile Manufacturing Industry
* Financial Sector
* Sugar Sector
* Services Sector
* Fertilizer Sector
* Chemical Sector

Carrying income tax and sales tax computation, submission of returns, compliance with notices, submission of
advance and withholding taxes returns, preparing and filling of refund applications etc.
• Carrying assurance engagements from the Planning Stage to Execution to Conclusion, starting from completion of
applicable Global Audit Methodology documentation such as Internal Controls and Fraud Considerations Form
• Extensive application of the International Standards of Auditing (ISAs) on assurance engagements and ensuring that
the financial statements prepared by the client are in accordance with the International Financial Reporting Standards
(IFRS) and all applicable local laws and regulations
• Planning and devising systems’ documentation at the start of audit, covering the Company’s operations and financial
aspects
• Recommendations in the form of Management Letter to add value to the audit
• Counseling all levels of staff assigned to me with on-job training and professional development of staff
• Coordinating with professionals of various fields like legal, tax and IT experts for resolution of critical reportable

1. Indirect Taxes
• Researching tax issues, preparing written communications, helping clients with responses to tax authorities, and
assisting clients in maximizing tax credit claims and improving their tax function.
• Computing, preparing and filing of monthly VAT returns of companies.
• Corresponding with sales tax authorities and finalization of compliances including sales tax audits.
• Meeting various compliances as required time by time
• Obtaining Sales Tax Registration Number (STRN) of companies
• Dealing with and providing advices to foreign clients on local VAT laws
• Filing monthly sales tax refunds in accordance with the tax law through Refund Claim Preparation System
(Software).
• Attending various appellate hearings on VAT held against demands raised by the tax authorities in proceedings
including VAT audits.
• Compilation and submission of evidences/information/documents regarding the objections raised by tax
authorities in filing of VAT monthly returns.
• Filing of appeal in appellate forum against impugned order of demand issued by tax authorities.
• Preparing written arguments to plea the case in appellate authorities.
• Registration of companies and foreign offices for sales tax and VAT.
• Preparing & filling of tax records and finalization of proceeding initiated by the tax department. Regular
correspondence with the tax department.
2. Direct taxes
• Review of monthly Income tax provision.
• Finalization of quarterly advance tax payments
• Preparation of Draft Annual Income Tax Return and forwarding it to the Tax consultants for review and
finalization.
• Review of withholding tax payment and filling the Monthly withholding tax statements
• Regular correspondence with the tax department.
• Day to day tax advisory on income & withholding taxes
3. Tax Advisory
• Hands on experience of dealing with income tax matters relating to taxation of resident & non-resident persons,
Company taxation, and withholding taxes.
• Tax Planning and computation of expected tax exposure/ current tax position of the target company (part of Due
Diligence Review assignments).
4. Litigation Proceedings
• Review of tax record required by the inland revenue department
• Reconciliation of different head of accounts with the withholding tax statements
• Regular correspondence with the tax authorities and resolution of queries raised by them
Following are my major Clients for whom I have provided taxation services on behalf of my employers in Pakistan;
 Manufacturing sector