Tax Book 2023

xi

Learning Outcome

The candidate will be able to:

1 develop expert knowledge of Income Tax, Sales Tax and Federal Excise Duty law in Pakistan

(excluding case laws)

Grid Weighting

Income tax laws 50 - 55

Sales tax laws 30 - 35

Federal excise laws 10 - 15

Professional values, ethics and attitude 5 - 10

Total 100

CERTIFIED FINANCE AND ACCOUNTING PROFESSIONAL

ADVANCED TAXATION

(CFAP - 5)

Objective

To develop capability to perform duties of a professional accountant or support tax consultant.

Syllabus

Ref

Contents Level

A

Income tax^ laws^

(^1) The Income Tax Ordinance, (^2001 )
(^2) Notifications, Rules, General orders and Circulars issued under the
Income Tax Ordinance, 2001 excluding specific double taxation
agreements

3

B

Sales^ tax laws^

(^1) The Sales Tax Act, 1990 3
(^2) The Provincial Sales Tax 3
(^3) The Islamabad Capital Territory (Tax on Services) Ordinance, 2001 3
(^4) Notifications, Rules, General orders and Circulars issued under the Sales
Tax Act, 1990

3

C

Federal^ excise^ laws^

(^1) The Federal Excise Act, 2005 (Chapters I and II only) 2
(^2) Notifications, Rules, General orders and Circulars issued under the
Federal Excise Act, 2005 relevant to Chapters I and II only

2

D Professional values, ethics and attitude

(^1) Principle of fair tax legislation and tax administration 2
(^2) Ethics for tax payers and tax practitioners 3
(^3) Tax evasion and avoidance 3