Shahzad Ali

Chartered Accountant (Finalist) – ICAP (Pakistan)

Accounting, Finance, Audit and Tax professional with more than 12 years of experience
Address: Aqrabiyah, Al Khobar, Eastern Province, KSA
Mobile: +966 503356201
Email: mshahzadali@hotmail.com
CAREER SUMMARY
Senior Supervisor Indirect Tax – KPMG Professional Services – Al Khobar, KSA (Nov-2021 to Present
• Monthly and quarterly VAT Return filings
• Prepare Exposure Letters and Annexures for highlighting the risk encountered during VAT return review and
implication of risk on business of client
• Advising queries of client with respect to difficult and contentious matters and interpretation of Law
• Prepare tax advice
• Advising client for compliance with e-invoicing requirement and e-invoicing solution
• Prepare Power Point Presentation for training and awareness of clients regarding VAT impact on their business
• Prepare and submit response to ZATCA on behalf of client against queries raised by authority
• Prepare and submit objections/appeals to ZATCA on behalf of client against assessment order
• Prepare and submit appeal to GSTC on behalf of client against assessment orders of ZATCA
• Assessing risk of client, getting clearance from risk department for starting a new client
• Preparation and submission of proposal for new clients and new advisory work
Financial Controller (Head of Accounts and Finance) – Arabian Point Eight Power Company
Al Rushaid Group, Saudi Arabia (June 2020 to August 2021)
• Managing all finance and accounting operations
• Supervise and manage finance department staff
• Prepare monthly and annual budget and variance analysis
• Prepare monthly and annual financial statements
• Supervise and support staff for month-end and year-end close process
• Monthly reporting to Group Financial Controller and Group-CFO with timely and accurate financial information
• Ensure quality control over financial transactions and financial reporting
• Develop and adhere to policies and procedures
• Managing external banking relationships and credit facilities
• Coordinating with external auditors during annual audit process
• Payroll Management
• Collection and payments management
• Cash flow management
• Evaluate and managing financial risk
• Monthly VAT Returns Filing
• Prepare Annual Zakat & Tax Return
• Coordinate with Group Manager Tax for appeals filing
• Coordinate with Group Manager Tax for WHT statements filing
• Additional controller duties as assigned by top management
Compliance & VAT Controller – Al Rushaid Petroleum Investment Company - Al Rushaid Group, Saudi
Arabia (April 2018 to May 2020)
• Prepare and file periodic VAT returns of group companies (20 companies including JVs)
• Review and assistance to group companies’ management for monthly and quarterly VAT return filing
• Training and awareness to employees of group companies with respect to VAT impact on their business
• Advice on specific queries of group companies’ management with respect to difficult and contentious matter
• Advising to group companies on interpretation of VAT law
• Compliance and response of ZATCA queries, notices, audit
• Assistance to Group Manager Tax for objections and appeals filing
• Internal audit of group companies to ensure compliance of group companies with VAT Laws and Regulations

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 Supervisor Zakat and Tax – KPMG Professional Services (September 2017 to March 2018)
• Obtaining understanding of business processes of the client through interviews and questionnaire
• Prepare VAT Impact Assessment report
• Monthly and quarterly VAT return filing
• Training and awareness of clients with respect to VAT impact on their business
• Advice on specific queries of client with respect to difficult and contentious matter
• Advising to client on interpretation of VAT law
• Advising to client for changes in their accounting software with respect to impact of VAT and subsequently
testing the system after implementation of changes
• Advising to client the design of debit note, credit note and tax invoice, in compliance with VAT Laws
• Assessing risk of client, getting clearance from risk department for starting a new client and opening of
engagement codes of clients
Assistant Manager (Statutory Financial Audit) – Ahsan & Ahsan Chartered Accountants, Lahore,
Pakistan (March 2017 to 31 August 2017)
• Supervise, review, and finalization of external audits
• Prepare audit reports
• Assessing risk of client and planning effective audit procedures
• Review financial statements and assessing the accounts for accuracy & compliance with IFRS
• Review financial statements to comply with other applicable laws and regulations
• Verification of current tax and defer tax computation
• Evaluating internal control systems and its operating effectiveness
• Assessing the risk for management override of controls
• Reporting on audit findings and recommendations for improvement
• Reporting on errors and frauds
• Audit of clients in the process of liquidation
• Prepare Standard Operating Procedures
• Prepare tests and conducting interviews to hire trainees
• Other assignments to assist the partner
Sector Entity
Health  Shalamar Hospital
 Hospital Waste Management
Industry  Zamrock Fiberglass Corporation Limited
 Sab Polymer Industries (Due Diligence)
Investment/Finance  Interwood Mobel Private Limited Employees Provident Fund
 Confiz Limited Employees Provident Fund
Hospitality  Tripkar Private Limited
Education  Formanites Alumni Association
 Annemarie Schimmel Haus

Articles of CA in KPMG Taseer Hadi and Co. Lahore, Pakistan (July 2013 to January 2017)
January 2016 to January 2017 - External Audit
• Review financial statements and assessing the accounts for accuracy & compliance with IFRS
• Review financial statements to comply with other applicable laws and regulations
• Verification of current tax and defer tax computation
• Evaluating compliance with health, safety, and environmental issues
• Evaluating internal control systems and its operating effectiveness
• Assessing the risk for management override of controls
• Reporting on audit findings and recommendations for improvement
• Reporting on errors and frauds
• Comprehensive knowledge and strong analytical skills in areas of statement of financial position, statement of
comprehensive income, cashflow, trail balance, General ledger accounting, reconciliation, account
receivables/payables, taxation, and year end accounting

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 Sector Entity
House Society Defence Housing Authority
Media Media Times Limited
Bank MCB Bank
Telecommunication Worldcall Limited
January 2014 to December 2015 - Tax Advisory
• Monthly VAT Returns filing
• Representing client before tax authorities and finalization of compliances including VAT audits
• Compile and submit evidence/information/documents regarding the objections raised by tax authorities against
submitted VAT returns.
• Annual Income Tax Returns filing
• Preparation of Transmittal Letter for alerting client for possible non-compliance about annual income tax return
• Verification of tax computation with respect to current tax and defer tax
• Regular correspondence with the tax department, preparing and submitting reply on behalf of client for various
notices issued by tax authorities
• Prepare and submit appeals before Commissioner Inland Revenue (Appeals) and Appellate Tribunal
• Preparing written arguments to plea the case in appellate authorities
• Preparation and filing of stay before Commissioner and Appellate Tribunal
• Attend hearings on behalf of client at tax house (Federal Board of Revenue)
• Advising queries of client with respect to difficult and contentious matters
• Review of withholding tax payment and filing the monthly withholding tax statements
• Finalization of quarterly advance tax payments and submission of working to tax authorities
• Prepare tax advice
July 2013 to December 2013 - Risk Advisory Service (Internal Audit)
• Module-wise verification of risk with respect to weaknesses in internal controls and non-compliance with IFRS
• Review compliance with companies’ policies and procedures
• Review and report on management override of controls
• Reporting on errors/ frauds and suggestions for improvements
• Verification of vouchers and suggestion for improvement regarding posting and supporting documents
• Prepare Standard Operating Procedures for group companies
• Verification of goods receipt notes and delivery notes with respect to compliance with internal control
• Monthly stock taking and report on stock take
• Monthly reporting on control weaknesses and non-compliance with internal controls
Sector Entity
Fast Moving Consumer Goods Asian Food Industries
 Mayfair Limited
Textile
 Interloop Limited

Accounts Officer - AG Architectural Engineering and Design Pvt. Limited - October 2009 to May 2013
(Pre-Articles Experience)
• Data Entry
• Preparation of quarterly ad annually financial statements
• Monthly bank reconciliation statements
• Issuance of withholding tax certificates to suppliers
• Customized Management Reporting with respect to progress of various ongoing construction projects
• Also worked as project coordinator for LPG storage plant of Jamshoro Joint Venture; mainly involved in
procurement and import of fixed assets and as a coordinator for project management team
Education and Qualifications
• Chartered Accountant - Finalist - Institute of Chartered Accountants of Pakistan 16 out of 20 subjects qualified
• Certificate in Accounting and Finance (CAF/ CA-Inter)
• B. Com (Hons) Finance (4 year’s Graduation, total 16 years education) 2005 to 2009
Hailey College of Commerce, University of the Punjab, Lahore, Pakistan - CGPA 3.83/4, 85%

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• Intermediate Board of intermediate & secondary education - Lahore
• Matric Board of intermediate & secondary education - Lahore
Computer Skills
Proficient in MS Excel, MS Word, MS Power Point, MSM Easy Account, Oracle Financial, SAP, E-
Accounting and MS Dynamics
Personal Details
Nationality: Pakistani
Religion: Islam
Marital Status: Married
Health: Smart & Energetic
Languages Known: English, Urdu, and beginner in Arabic
Driving License: Available-KSA
Iqama: Valid and Transferable

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