The Catalyst GIK Incubator cordially invites you and your students to attend the training sessions to Promote “Entrepreneurship via Establishment & Strengthening of Incubation Centers at Educational Institutions”.
The Catalyst GIK Incubator has arranged two training sessions in the upcoming week. Details of the sessions are given below.
Session on Tuesday 03 January2023at 11:00 am by Mr. Sharif Ud Din Khilji will be on ” Taxation for Start-Ups”. During the session, the trainer will discuss:
A brief intro of tax laws applicable on a start-up
Income Tax Ordinance, 2001
Sales tax on supply of goods
Sales tax on rendering of services
Federal Excise Duty
Different structures (sole proprietorship, partnership, company) that a startup can adopt for conducting business
Calculation of income tax liability for each type of structure
Taxation of sole proprietorship
Taxation of partnership
Taxation of company (small company, other than small company)
Income tax withholding obligations
Withholding obligation on payment of salaries
Withholding obligation on payment of rent
Withholding obligation on other payments (goods, services, contracts)
Sales tax charging & withholding obligations under different federal & provincial sales tax laws
Regular tax filing requirements
Monthly tax filings
Quarterly tax filings
Annual Tax filing requirements
Most efficient tax structure for a start up
Conversion from one structure to another in a tax efficient manner.
Final-year students and faculty members are encouraged to participate, especially those who are considering starting their own start-ups/companies.