Zafar is serving as a Senior Director in the firm. He is an associate member of Pakistan Institute of Public Finance Accountants and a Finalist of Institute of Chartered Accountants of Pakistan.
Zafar holds rich experience of tax practice at management position in Ford Rhodes Sidat Hyder & Co., Chartered Accountants, member of Ernst & Young International. He holds over 8 years of experience of advisory services in corporate and personal income tax which encompass rendering professional opinions on various tax issues in the light of statutes and latest judicial pronouncements. His core sphere of expertise covers areas of tax planning models, taxability of specific transactions, tax exemptions and tax credits. In addition, Zafar has also been involved in advising on cross-border situations based on double tax treaties.
Zafar has been engaged in tax advisory in respect of the following:
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Representations before Commissioner of Income Tax (Appeals) and Income Tax Appellate Tribunal (ITAT) |
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Mergers and acquisitions of cross border corporations or businesses |
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Disposals of foreign corporations or businesses |
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Available foreign tax credits |
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Verification of the tax charge on foreign branches |
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Tax issues under e-commerce transactions |
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Taxation of expatriate employees |
In accounting services, his experience involves restructuring of the Accounts and MIS department of various organizations. Such assignments involve documentation of work and transaction flows and recommending improvements thereon, redesigning of source documents and chart of accounts so as to facilitate the recording of information, redefining of line and functional authorities and implementation of computerized accounting software.
He also supervises the internal audit function outsourced by certain enterprises listed on the Karachi Stock Exchange.
He is a regular participant in tax and legal conferences / workshops. He is member of Income Tax Bar Association, Karachi and Karachi Sales Tax Bar Association (KSTBA).
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