Muhammad Asim,Aca Email & Phone Number

Dubai, United Arab Emirates

Expertise in VAT and corporate tax advisory, Transfer pricing documentation, ESR. Experience in contesting tax assessments (both direct and indirect tax). Tax accounting and implication of deferred tax in financial statements. Experience in advisory upon cross border transaction and interplay of multilateral tax treaties. Vat and corporate compliance Expertise in BEPS P1 and P.2

Lahore, Pakistan

• Devising the global tax planning and projects lead regarding the formulation, management, monitoring, and completion of Direct & Indirect Tax planning strategy. Advising on contract splitting with respect to tax implication, project completion deadlines to avoid tax implication, utilization of foreign workers and experts. Import of project specific services and goods and related tax implication and utilization of available exemptions. • Overseeing and directing the Strategic Growth and M&A initiatives for Global Tax. This involves generating, defending, and delivering value by optimizing deals and growth investments including surrendering of tax losses and group taxation & group relief. • Leading Global Tax Function's interaction with the Strategic Growth Leadership Team, M&A, Joint Ventures (JVA), Strategic Business Units (SBU), deal counterparts, various departments, and external stakeholders, including relevant government authorities. • Advising on areas such as tax incentives, optimized JVA deal terms/structure, ownership and financing structures, Global Enterprise Model. This includes devising efficient tax structures for groups having multinational subsidiaries and branches. • Engaged in advising on taxation of foreign and domestic permanent establishments. Advising on tax impact/limitation of admissible deduction for head office expenditures attributable to branches• Advising on inter company loans and implication of thin capitalization rules and formulation of admissible and inadmissible amounts for profit on debt between group companies. • Advising Multinational companies on transfer pricing rules under rules and guidelines by OECD BEPS 2.0, Group taxation, Anti money laundering law compliance and Ultimate beneficial ownership law compliance. This includes pre transaction advisory with respect to inter company transactions within group of MNE and subsidiaries. • Advisory with respect to impact of tax treaties.

Lahore, Punjab, Pakistan

Executed core finance functions/processes of company. Processing transactions, recording the transaction impact,preparations of books, accounting record and preparation of financial statementsManaging transaction taxes. Transaction based advisory, contract advisory with the perspective of accounting and reporting laws, tax, and other commercial laws of country.Preparation, analysis, and transmission of a variety of divisional finance reports in accordance with IFRS and Corporate requirements and submission to Client’s CFO & boardPrepare in-depth and insightful analysis of business results, submit commentaries and Preparation of reports on financial results, financial performance, and growth of client.Making weekly, monthly quarterly & annual tax compliance. Preparation & finalization of sales tax working, preparation & finalization of withholding tax working and tax data. Handling tax notices.Calculating annual income tax liability of companies in the group and tax return of director to ensure accurate declaration of personal wealth of director (domestic and foreign assets both enabling the director to secure accurate compliance and to avoid litigation and tax cases.Managing Portfolio Management, Managing FDI and Financial Modelling as per client requirement.Managing optimal group structure with respect to preparation and finalization of UBO declarations.

Punjab, Pakistan

Developing financial plan and project feasibility report for submission of SEZ authority and successfully achieved Special economic zone entity status for entity enabling entity to enjoy various privileges and exemptions in Pakistan.Successfully obtained commercial production NOC from SEZ authority which enabled entity to claim 10-year tax exemption saving 29% tax on profit for next 10 years, withholding tax exemption, and import tax exemption. Managing initial repatriation of capital on FDI basis enabling the company to receive 1.5 billion funds as equity on repatriable basis and import of machinery on open LC as equity from parent company in China.Develop and implement best practices and tools to ensure a well-controlled yet flexible organization that has strong fiscal management, project coordination, cross-team communications, and workflowsEnsure smooth operations of accounting & finance function of company to ensure timely and accurate reporting of results which supported effective decision making, accurate compliance with SECP, Perform key data analysis, include revenue, margin, cost, expense, working capital variation analysis, Headcount, sales analysis based on product, customer, and area segmentsDeveloping financial forecast for next 3 years to secure bank financing for developing own distribution network of company. Dealing with bank for opening LC and negotiated minimum cash margin required for opening LC.Compliance with IRFS and ensure accurate and timely tax compliance to mitigate compliance risk.

Lahore, Punjab, Pakistan

Calculating annual income tax liability of companies in the group and tax return of director to ensure accurate declaration of personal wealth of director (domestic and foreign assets both enabling the director to secure accurate compliance and to avoid litigation and tax cases.Managing Portfolio Management, Managing FDI and Financial Modelling as per client requirement.Managing optimal group structure with respect to preparation and finalization of UBO declaration.Assistant Manager Tax Advisory 2012 – 2013 PKF International (Chartered Accountants)PKF is a global network of professional firms providing audit, advisory & tax services & is one of the top ten audit & consultancy firms globally,Implementing, updating and monitoring workflow and standard operating procedures for the taxes, this includes responsibilities for all documentation and support and researching any relevant issues.Responsible for responding to related tax correspondence, Preparation of the quarterly and annual tax provision and related tax accounting.Calculating, preparing and submitting accounts and tax returns, Transmit taxes before last settlement date, Undertaking accounts administration, including auditing financial informationSupervise Research and prepare work papers for various books to tax differences, Perform year-end accrual review and prepare the tax provision for clients.Preparation of workings and related files for submission to authorities withholding audit, sales tax audit

Lahore

Preparation, analysis, and review of financial statements in compliance with applicable IFRSs.Review of accounting software, identification of gaps and implementation of ERP software.Planning, risk assessments, audit plans, gap analysis and recommendations on existing system.Conducted business valuation of projects/ businesses using different valuation techniques.Preparation of costing and financial projections for internal management reporting.Execution and finalization of Quality Control Review conducted by ICAP and PKF as per ISAs.Preparation and filling of income tax returns of Companies and sales tax returns.

Ca, Business/Commerce, General

Bachelor'S Degree, Business/Commerce, General, A+

Mathematics And Statistics, A