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Abdul Basit Saleem

Abdul Basit Saleem

Finance, Tax & Audit Specialist
Finance, Tax & Audit Specialist

PROFILE

FACTS AND EXPERIENCE 

Abdul’s experience is highlighted by tax and zakat advisory, oil and gas commercial finance, tax controlling and risk mitigation, management reporting, accounting control, audit, VAT implementation, personal tax filings, even HR administration.

Key achievements:

● Tax process streamlining / automation and preparing simplified work flows for non-finance department of Saudi Government’ IT company, resulting in savings of ~ USD 3 million per annum;
● Tax planning for billion dollar MNCs;
● BD Activities: ~ USD 400 million M&A transactions; includes Base case financial evaluation, sensitivity analysis, compute IRR & NPV, tax due diligence; 
● Compute and review income tax and deferred tax status and Transfer Pricing information processing; preparing “Tax Memos” for use at various levels;
● VAT adoption: GAP analysis & implementation;
● External audits and non-operator audits for multimillion dollar entities in oil/gas sector, telecom, defense, etc;
● Tax, WHT, VAT & Zakat advisory and monthly + annual compliances, annual filings, consolidated returns, Deemed profit tax returns;
● Successful closure of tax assessments and resist recoveries by tax authorities, with exposure of over USD 135 million;
● Advisory on Withholding tax risk management under local laws and Double Taxation Treaties;
● Extensive M&A and due diligence experience

Winning Factors 

● Tax Advisory
● Financial Accounting
● External Audit
Financial Reporting
Project Planning
● Due Diligence
● Financial Analysis
● Financial Audits
● Income Tax
● Budgeting
● International Financial
● Reporting Standards (IFRS)
● Internal Audit
● VAT
● Account Reconciliation
● Management Accounting
● Reporting & Analysis

Specialist Areas:

Tax Advisory
Financial Accounting
External Audit
Financial Reporting
Financial Audits
Income Tax

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 Learning Sessions
EXPERTISE IN THE FOLLOWING SUBJECTS

Tax and zakat advisory
Oil and gas commercial finance
Tax controlling and risk mitigation
Management reporting
Accounting control
Audit
VAT implementation
Personal tax filings

Want to learn more from 

Abdul Basit Saleem

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