Waleed Safdar, FCCA

Experience

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  Nasir Absar & Co.

  Mar 2013 - Mar 2014

  Trainee Student

  Trainee Student (Associate) in Nasir Absar & Co. (Auditors, Accountants, Corporate, Tax & Power Project Consultants);— Performing internal and external audit assignments— Maintaining clients’ records and preparation of financial statements— Assisting to produce tax returns of Companies and Individuals— Drafting various reports relating to hydro power projects in relevant consultancies— Involvement in development of technical and financial proposals for acquiring potential projects Show less

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  Zarai Taraqiati Bank Ltd.

  Apr 2014 - May 2014

  ACCA Internee

  Involved in Budget Planning and Analysis at Budget & Funds Management Department, Zarai Taraqiati Bank Limited.

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  KPMG

  May 2014 - Jan 2017

  Senior Tax Associate

  Worked as “Senior Associate” in Tax Function in KPMG Islamabad, was also engaged in Audit assignments during lean periods in tax function;— Preparation and filing of statutory tax returns of Individual, AOPs and Corporate clients— Drafting professional opinions/ advices on taxation matters for the clients— Preparation and filing of applications and replies to statutory notices from taxation authorities— Drafting and filing of appeals before tax appellate forums— Withholding tax calculations, deposit of tax in government treasury and filing of statements/ returns— Maintaining tax records of clients and confirming status of tax affairs to their statutory auditors— Involved in several Financial Due Diligence assignments— Calculation of salary taxation for clients’ payroll processing— External audit and agreed upon procedures assignments as and when assigned by the Firm— Drafting proposals and engagement letters for new clients Show less

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  FPCL (FFBL Power Company Limited)

  Jan 2017 - Sept 2017

  Senior Executive (Finance - Taxation)

  As Senior Executive (Finance), looking after the tax affairs of FFBL Power Company Limited, a subsidiary of Fauji Fertilizer Bin Qasim Limited (FFBL) which is one of the leading business conglomerates of Pakistan;— Preparation and filing of periodic returns under the Income Tax and Sales Tax (VAT) laws— Assessing tax exposure in respect of transactions carried out by the Company— Assessing the input tax credits available to the Company— Calculation of tax payable by the Company and arrange for deposit of the same— Liaison with tax consultants of the Company for preparation and filing of responses to various notices issued by the tax authorities— Representation before inland revenue and appellate authorities on behalf of the Company— Review of monthly payroll tax calculations— Advising the management regarding concessions and tax savings available to the Company under the tax laws Show less

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  KPMG Saudi Arabia

  Oct 2017 - Apr 2018

  Senior VAT Specialist

  Worked as Senior VAT Specialist in KPMG Saudi Arabia; major responsibilities include: — Project planning to assess the VAT impact for the businesses— Delivering VAT awareness workshops and briefing clients on VAT implications— Interactions with clients’ teams to review business transactions to complete and deliver a VAT Impact Assessment and Risk Analysis for the assigned companies— Extensive review of the clients’ operational paradigm for evaluation of appropriate VAT implications over the transactions and contractual arrangements in place at the clients— Provide support and training to the clients’ teams following VAT implementation and sharing regular updates in VAT legislation to ensure accurate VAT implementation— Preparation and filing of periodic VAT Returns— Extend business development and administrative support through preparation of proposals, drawing from initial meetings with potential clients and developing tentative scopes of work for inclusion in the engagement letters, and performing internal risk assessment procedures. Show less

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  KPMG In Pakistan

  Jul 2018 - Nov 2019

  Assistant Manager - Taxation

  Served as Assistant Manager in Tax Function in KPMG Taseer Hadi & Co. CharteredAccountants, Islamabad, responsibilities include:— Preparation and filing of statutory tax returns of the assigned clients— Drafting professional opinions/ advices on tax matters for the clients— Preparation and filing of applications and replies to statutory notices from tax authorities— Drafting and filing of appeals before tax appellate forums— Maintaining tax records of clients and confirming status of tax affairs to their statutory auditors— Involvement in Financial Due Diligence assignments— Calculation of salary taxation for clients’ payroll processing— Extending business development and administrative support through preparation of proposals, drawing from initial meetings with potential clients and developing scope of work for inclusion in the engagement letters, and performing internal risk assessment procedures Show less

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  PwC Middle East

  Dec 2019 - now

  • Senior Manager, Indirect Taxes

    Mar 2024 - now

  • Manager - Indirect Taxes

    Oct 2021 - Mar 2024

  • Senior Associate (VAT)

    Dec 2019 - Oct 2021