This paper is to develop technical knowledge relating to Pakistan Direct and Indirect Tax System as applicable to individuals, unincorporated businesses and companies.
This paper will be examined in two parts through short structured questions. Each part will be examined separately over the duration of 3 hours and 15 minutes.
- Direct Taxation
- i) Income Tax
- – Income Tax Ordinance 2001
- – Notifications, Rules, General orders and Circulars issued under the Income Tax Ordinance, 2001 excluding international taxation
- ii) Provincial Taxes
- – Property Taxes
- – Agriculture Tax
- – Excise and Taxation
- iii) Others
- – Anti-money Laundering Act 2010
- – Benami Act 2017
- – Rules and Regulations issued under above Laws
- i) Sales Tax
- – Sales Tax Act 1990
- – Provincial Sales Tax
- – Islamabad Capital Territory (Tax on Services) Ordinance, 2001
- – Notifications, Rules, General orders and Circulars issued under the Sales Tax Act, 1990
- ii) Federal Excise
- – The Federal Excise Act, 2005 (Chapters I and II only)
- – Notifications, Rules, General orders and Circulars issued under the Federal Excise Act, 2005 relevant to Chapters I and II only
- iii) Customs
- – Customs Act 1969 as amended up-to-date (Chapters I, V and VI only)
- – Details of procedure in relation to levy, collection and exemption from and repayment of custom duties and duty drawbacks.
Note: Professional ethics and values will be examined as an integral part of each section with emphasis on:
- Principle of fair tax legislation and tax administration
- Ethics for tax payers and tax advisers
- Tax evasion, avoidance and minimization
Eligibility: CTT qualified, degree in relevant discipline or equivalent