Telecommunication Authority hiring consultant to advice on existing tax structure

KARACHI: Pakistan Telecommunication Authority (PTA) intends on hiring tax consultancy services to advice on existing tax structure, provide assistance in giving tax credits as per Income Tax Ordinance 2001 and related sales tax or FED.

Pakistan Telecom Authority (PTA) is formed by Pakistan Telecom Authority (Re-Organization) Act 1996 (The ACT). PTA is mandated to regulate the telecom industry of Pakistan, issue licenses and create fair regime in the telecom sector.

Among other things Pakistan Telecommunication Authority (PTA) is also required to collect fees from operators providing telecom service under license issued by PTA, and income of PTA is made taxable through an amendment in the ACT further such authorities were required to be taxed by finance ACT 2006.

PTA intends on hiring tax consultancy services for following key tasks:

1. Tax Advice on existing Tax Structure
2. Advice on PTA’s existing tax structure and contractual arrangements in relation to its position within telecommunication industry and proposing most tax efficient / effective model.
3. Monthly Retainer
4. Preparation and filing of corporate tax return with Inland Revenue Department, including underlying Income/Sales tax computation on finalization of accounts and revision of return, if required.
5. Preparation and filing of refund application for refund due, if any.
6. Attendance before tax authorities and responding to notices issued in connection with corporate/sales tax return and audit proceedings till finalization of assessment for Income/Sales tax or FED.
7. Assistance in giving tax credits as per Income tax ordinance 2001 and related Sales tax or FED, wherever applicable.
8. Responding day-to-day notices and other correspondence with Inland Revenue authorities concerning items listed as ‘a’ to ‘d’ above.
9. Help in interpreting and intimating of any changes in income tax, sales tax, federal excise and custom duty laws, if and when required.
10. Obtaining exemption certificate from Inland Revenue Authorities under various sections of Income Tax Ordinance 2001 Sales Tax Act or FED, as may be required.
11. Doing all work that is ‘a’ to ‘g’ for Pakistan, AJ&K, Gilgit Baltistan, and all provinces of Pakistan in manner and as required at each place.
12. Appeals
13. Preparation and filing of appeal documents with Commissioner Inland Revenue (Appeals). Preparation and filing of written submissions and attendance before Commissioner Inland Revenue (Appeals) to argue appeal(s).
14. Preparation and filing of appeal documents with Appellate Tribunal of Inland Revenue. Preparation and filing of statements of facts and attendance to argue appeal before Appellate Tribunal of Inland Revenue and where required defend appeal filed by Inland Revenue Department.
15. Assistance and provision of necessary papers and documents to advocate in appeal before High Court.
16. Assistance and provision of necessary papers and documents to advocate in appeal before Supreme Court.
17. Preparation of tax position in respect of each territory that is Pakistan, AJK, GB, and each province separately.
18. Advising on the related matters, and dealing in tax matters, where ever required.