Neelam Jehlum Hydro Power

TECHNICAL & FINANCIAL PROPOSAL
FOR
TAX CONSULTANCY SERVICES
OF NEELUM JHELUM HYDRO-POWER COMPANY (Pvt.) Ltd
Table of Contents
1. Proposal Summary
2. About US
3. Understanding the Project
4. Project Methodology 11
5. Proposed Timeline for the Assignment 12
6. Relevant Experience 14
7. Proposed Team For the Assignment 19
8. Financial Proposal 21
TECHNICAL & FINANCIAL PROPOSAL FOR TAX CONSULTANCY SERVICES OF NEELAM JEHLUM HYDROPOWER COMPANY
Proposal Summary
YOUR AGENDA
Approach Deliverables:
The objective of assignment is to provide Effective planning
advisory on Tax and Corporate Matters to ▪ Regular services
Close liaison with client
Neelum Jhelum Hydro (Pvt.) Limited ▪ Other than regular services
Focused Solution
Timely supervision of execution described below
Our assignment shall include provision of of proposed
advisory on: procedures
◆ Compliance with the Tax Laws and Back office review in
regulations as applicable in Pakistan. order to ensure
quality of work
Delivery
Team
Timely
Qualified tax and advisory specialists
Internal controls specialists
Best practices & industry knowledge
Value for Money

Timeframe Fee
In accordance with the TOR Based on time and skill necessary
Dependent on timely collection Competitive against value offered
of
information
Fee
Based on time and skill necessary
Competitive against value offered
Deliverables
Monthly, Quarterly and Annual returns in
1 TECHNICAL & FINANCIAL PROPOSAL FOR TAX CONSULTANCY SERVICES OF NEELAM JEHLUM HYDROPOWER COMPANY
respect of Income Tax and Sales Tax
Deliverables
You get : You get :
We shall deliver: We shall deliver:
Regular Services : i.e.
Other than the Regular
◆ Preparation & filing of Services : i.e.
annual tax return.
◆ Preparation of tax
computations and tax ◆ Written advice requiring
confirmation to auditors of meetings & research work
the company at the time of more than 30 minutes
of finalization of audited ◆ Assessment, notices,
accounts.
appeal proceedings at any
◆ Preparation & filing
of quarterly withholding
, level ,
statements. ◆ Preparation of annual
◆ Preparation & filing of reconciliation statement
annual withholding tax between withholding
statements (salaried & statements and financial
other than salary) statements/ tax return
◆ Advice of routine ◆ Exemption certificates
nature (not requiring any ◆ Refunds
meeting with client nor ◆ Any other tax or other
requiring time more than
work not covered in scope
30 minutes of research &
study) of work of regular services
◆ Preparation & filing of
quarterly advance tax
estimates
◆ Providing regular updates
on changes in the Income
Tax Ordinance, 2001.
ABOUT US
About us
About RBCO
Rafaqat Babar & Co (RBCO) is a Chartered Accountancy Firm, which has been in Public Practice in
Pakistan since 1986. The firm offers specialized services in financial, management and tax
consultancy.
The firm provides specialized services in Management and Financial consultancy, Taxation, Project
Financing, Corporate and Secretarial works and Auditing. Vast experience has been gathered by
servicing a multitude of assignments. Such experience is drawn upon to provide services of the
highest level so as to benefit all clients by providing solution to their problems and successful
exploitation of available opportunities. The firm over the period has developed a sizeable list of
clienteles.
The firm enjoys international affiliation with partners around the world. It is one of the largest firm
of Chartered Accountants in Pakistan comprising 03 Partners providing accounting, auditing,
taxation, management advisory, consultancy and other corporate services including share transfer,
registration and winding-up services, information technology, business process reengineering and
business automation.
Three partners manage the firm with 114 professional and supporting staff having three offices at
Peshawar, Islamabad and Kabul. It is in the process of expansion through enhancement in
partnership.
The firm is having “Satisfactory” rating in the Quality Control Review (QCR) program of the
Institute of Chartered Accountants of Pakistan (ICAP).
About us (Cont’d…..)
Offices
Pakistan
OFFICES-Pakistan ADDRESS
ISLAMABAD Flat No. 2, First Floor, Block 16-B, Panther Plaza, F-8 Markaz, Islamabad.
Tel: # 051-2856605
PESHAWAR First Floor, Amaan Centre, Near Custom House, Main University Road,
Peshawar
Tel: +92-91-5703151-5703152
Fax: +92-91-5703153
Afghanistan
OFFICES ADDRESS
KABUL House # 4,near Ayana Television Street, Shirpur, Kabul
Mob: 93700081878
International Affiliation
The firm enjoys international affiliation with partners around the world. It is one of the largest firms of chartered accountants in
Pakistan & Afghanistan comprising 07 partners providing accounting, auditing, taxation, management advisory and other corporate
services.
Our member firms offer a personal service that is focused on having a thorough understanding of your particular international needs.
Each member firm is an independent legal entity in its own right, the operation of which is controlled in that country. This ensures
that each firm has a complete knowledge and understanding of the local culture, which is vital when setting up and carrying on a
business.
OUR AIMS AND OBJECTIVES:
Our member firms offer a personal service that is focused on having a thorough understanding of your particular international needs.
LEA consists of well-respected firms providing high technical standards and specialized services. Our international association aims to
provide commercial and practical advice based on specific needs. Our priority is for the individual partners of member firms to give
personal attention to client’s needs.
OUR APPROACH:
Our members are committed to helping your business succeed by keeping up-to-date with your affairs and offering a high standard
of both commercial and supportive advice. The key to our approach is to build a close relationship between partner and client. Our
member firms are available to give the right advice at the right time – helping clients to grow, troubleshooting for them in difficult
times, and helping them to maximize their success – whether on a national or international level. When high quality specialist services
are needed, our member firms have the necessary skills and technical resources to provide them. Qualities you will find in a LEA firm
include:
• A real understanding of your business
• A firm where the partners are in tune with your needs and aspirations
• Regular attention and support from accessible partners
• Commercial realism in the advice you receive
• Technically reliable responses to your enquiries
Additionally, all LEA firms attach great importance to recruiting and training quality staff. To maintain our high standards, member
firms run post qualification training programs for their own personnel.
OUR COMMITMENT:
Each of the LEA member firms aim to provide the following level of service:
• Responsibility for all aspects of the client service rests with dedicated partners, managers and supervisors
• Prompt response to client enquiries and phone calls
• When advising, we aim to combine high technical standards with commercial realism
• In most cases, estimates of fees can be provided in advance of starting work
• In written communications we aim to avoid technical jargon and non-committal advice
• To keep up to date with client activities, we offer the facility of pre-planned regular meetings with the partner
• We attach great importance to continuity of key personnel wherever possible
In order to help us maintain and exceed our standards, we always welcome any comments regarding our service.
UNDERSTANDING THE PROJECT
Understanding the Project
Introduction
RBCO is pleased to submit this proposal to:
a) Provide taxation services

This proposal is being submitted in response to the request by Neelum Jhelum Hydropower Company (Pvt.) Limited management for sending our organization
terms and conditions.
RBCO recognizes the importance of this assignment. We have therefore developed this proposal in line with our understanding of the scope of work and
expect to offer the most suitable approach executed by specialists in areas of financial and operational business process re-engineering specialist.
About Neelum Jhelum Hydropower Company (Pvt.) Limited:
Neelum Jhelum Hydropower Company (Private) Limited (NJHPC) was incorporated on 18th November 2004. The company is a Special Purpose Vehicle (SPV)
constituted as a subsidiary of WAPDA (Water and Power Development Authority) for the generation and sale of electricity via the development of Neelum
Jhelum Hydropower Power (NJHPP) project
Understanding the Project (Cont’d…)
Scope of work
This proposal is in response to the request for the same by the management of Neelum Jhelum Hydropower Project (Pvt.) Ltd for tax
consultancy services.:
We shall provide advice and assistance in complying with various provisions of the Income Tax Ordinance, 2001 and Sales Tax Act, 1990, which
includes:
Regular Services:
◆ Preparation & filing of annual tax return.

◆ Preparation of tax computations and tax confirmation to auditors of the company at the time of finalization of audited accounts.
◆ Preparation & filing of quarterly withholding statements.
◆ Preparation & filing of annual withholding tax statements (salaried & other than salary)
◆ Advice of routine nature (not requiring any meeting with client nor requiring time more than 30 minutes of research & study)
◆ Preparation & filing of quarterly advance tax estimates
◆ Providing regular updates on changes in the Income Tax Ordinance, 2001.
Services Other than The Regular Ones:
◆ Assessment, notices, appeal proceedings at any level

◆ Written advice requiring meetings & research work of more than 30 minutes
◆ Preparation of annual reconciliation statement between withholding statements and financial statements/ tax return
◆ Exemption certificates
◆ Refunds
◆ Any other tax or other work not covered in scope of work of regular services.
PROJECT METHODOLOGY
Project Methodology (Cont’d…..)
MODULE: TAX CONSULTANCY SERVICES
A. PLANNING
At the planning stage, we will obtain an understanding about your business and operations and share basic principles and provisions of
the relevant tax laws applicable in Pakistan. Focal persons from both parties will be identified for official correspondence.
B. EXECUTION
a. The focal person from client shall communicate with the focal person of our firm.
b. The proposed tax consultants of our firm shall respond, provide advice or assistance in tax matters as per the requirements of the
client.
c. For each legal requirement of filing of any return or declaration, the client shall provide all the relevant data and information as
required, on timely basis, which shall then be submitted with FBR.
C. FOLLOW-UP:
We shall follow a continuous development and improvement of process through:

a. Ongoing communication with the focal person
b. Periodic debrief meetings.
c. Identification of tax planning opportunities.
PROPOSED TIMELINE
Proposed Timeline for the
assignment (Cont’d….)
Tax consultancy services includes services for compliance with both Income Tax Ordinance, 2001 and Sales Tax Act,
1990. All these services shall be provided within due date as required under the relevant laws and regulations,
provided the information required is provided by the client on timely basis.
RELEVANT EXPERIENCE
Relevant Experience
Some of our notable clients in the public and Not-for-profit sector
Relevant Experience (Cont’d…..)
Relevant Experience (Cont’d…..)
S. No Client name Services

1
Shaheed Benazir Bhutto Women University monthly with holding statements &
Exemption from tax u/s 151/236 D
2
Pakistan Engineering Council monthly with holding statements, Income
Tax Returns, Tax Compliances 2020 and
2021.
3
Turkish Aerospace industries Inc Annual Income Tax Return u/s 114 of the ITO
2001, Monthly Sales Tax Return under Sales Tax
Act 1990.
4
NATIONAL DATABASE AND REGISTRATION AUTHORITY employement pending fund & exemption
{NADRA) certificate of employees, pention fund trust
u/s 151 read with section 159 (1) (a).
5
Khyber Pakhtunkhwa Textbook Board TAX ADVISORY SERVICES ON
RETAINER-SHIP BASIS 2019
6
Pakistan Institute of Prosthetic and Orthotic Sciences (PIPOS) filing of Income Tax Return, Comliances
Notice 161
7
Pakistan Institute of Development Corporation (PIDC) Income Tax Return, Compliances of U/s 177
Appeals u/s 182(1)
8
Tribal Areas Electricity Supply Company (TESCO Compliance and representation before
provisincial regional offices appellate
forms, compliances of RTO on various
notices, Commissinor appeals, appellate
tribunals appeals
10
Pakistan TobaccoPROPOSAL
Board FOR TAX CONSULTANCY SERVICES OF NEELAM JEHLUM HYDROPOWER COMPANY
17 TECHNICAL
11
& FINANCIAL
Nelum Jhelum Hydropower Company (Pvt) Ltd
S. No Client name Services
10 Pakistan Tobacco Board filing of monthly withholding statements
11 Nelum Jhelum Hydropower Company (Pvt) Ltd Annual Tax retrns, advices on compliances,
quarterly advance tax advice, withholding tax.
12 PESCO (Peshawar Electricity Supply Company) Advance tax statement u/s 147, annual
income tax returns, withholding and
panalties appeals etc
13 Khyber Pakhtunkhwa Economic Zones Development & Maintan e of E-FBR Provile, filing of
Management Company monthly statements u/s 165 , filing of monthly
sales tax returns, advice of advance tax,
changes in income tax law advices.
14 Serene Air filing of monthly, quarterly statements u/

s165, filing of withholding statements
15
Cable world (Pvt) Ltd. Tax consultancy services
16
China International Water & Electric Corporation (CWEC) “a Financial Consultancy Services
Chinese Construction Giant” for the following projects
• Mangla Dam Raising Project
• Malakand-III Hydropower Project
• Punjab Road Sector Development Program (Sarghoda to
• Jhang) P-3
• Punjab Road Sector Development Program (Jhang to
TTS) P-
• Karachi Port Deranging Project
PROPOSED TEAM FOR THE
ASSIGNMENT
Our Team For This Assignment
Proposed team structure
Amer Javed Ahmad, FCA
Quality Assurance
Partner, Taxation
Overall Engagement Yawar Muhammad, ICAEW(UK), ACCA(UK)

Manager Director, Taxation
Overall Engagement Muhammad Ismail, CA-Finalist(ICAP)

Supervisor Manager, Taxation
FINANCIAL PROPOSAL
FINANCIAL PROPOSAL
Our fee for the services to Neelum Jhelum Hydropower Company (Pvt.) Limited
shall be as follows
Service Description Total Costs in PKR
Regular Services
Preparation & filing of annual tax return 50,000/- Per Anum
Preparation of tax computations and tax confirmation to auditors of the 25,000/- Per Anum
company at the time of finalization of audited accounts
Preparation & filing of quarterly withholding statements 15,000/- Per Quarter

Preparation & filing of annual withholding tax statements (salaried &
other than salary) 20,000/- Per Anum
Advice of routine nature (not requiring any meeting with client nor
requiring time more than 30 minutes of research & study) 10,000/- Per Month
Preparation & filing of quarterly advance tax estimates

15,000/- Per Quarter
Providing regular updates on changes in the Income Tax Ordinance, 2001 Complimentary
Other Than Regular Services:
Written advice requiring meetings & research work of more than 30 100,000/- Per Advice
minutes
Assessment, notices, appeal proceedings at any level
RTO - 50,000/- per assignment
⃘ At Tax Office level
⃘ At Commissioner appeals level Commissioner appeals – 75,000/- per assignment
⃘ ⃘ At Appellate tribunal level Appellate tribunal – 100,000/- per assignment
Preparation of annual reconciliation statement between withholding 50,000/- per Anum

statements and financial statements/ tax return
Exemption certificates
150,000/- per exemption certificate
Refunds
200,000/- per year
Any other tax or other work not covered in scope of work of regular 50,000/- per assignment
services.
Shuja Ul Mulk, FCAPartner

Rafaqat Babar & Co. Chartered Accountants 1st Floor, Aman Centre,
Near Custom House University Road
Peshawar
THANK YOU

Neelam Jehlum Hydro Power

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TECHNICAL & FINANCIAL PROPOSAL

Value for Money

OUR AIMS AND OBJECTIVES:

RBCO is pleased to submit this proposal to:

a) Provide taxation services

About Neelum Jhelum Hydropower Company (Pvt.) Limited:

TAX CONSULTANCY SERVICES

◆ Preparation & filing of annual tax return.

Services Other than The Regular Ones:

◆ Assessment, notices, appeal proceedings at any level

We shall follow a continuous development and improvement of process through:

S. No Client name Services

10 Pakistan Tobacco Board filing of monthly withholding statements

14 Serene Air filing of monthly, quarterly statements u/

Overall Engagement Yawar Muhammad, ICAEW(UK), ACCA(UK)

Overall Engagement Muhammad Ismail, CA-Finalist(ICAP)

Preparation & filing of quarterly withholding statements 15,000/- Per Quarter

Preparation & filing of quarterly advance tax estimates

⃘ At Commissioner appeals level Commissioner appeals – 75,000/- per assignment

⃘ ⃘ At Appellate tribunal level Appellate tribunal – 100,000/- per assignment

Preparation of annual reconciliation statement between withholding 50,000/- per Anum

Shuja Ul Mulk, FCAPartner

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