Pakistan Revenue
The Lahore Chamber of Commerce and Industry (LCCI) and the Association of Chartered Certified Accountants (ACCA) have teamed up to advance financial literacy among small and medium-sized enterprises (SMEs) in Pakistan.
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A conference hosted by Association of Chartered Certified Accountants (ACCA) highlighted the challenges faced by public sectors and gave solutions
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KARACHI: ACCA (the Association of Chartered Certified Accountants) backs green budgeting for the public sector everywhere to implement climate commitments and achieve their environmental goals, according to a statement received here on Thursday. In Green budgeting: a toolkit for public sector finance professionals published today, ACCA sets out the reasons for considering green budgeting and […]
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KARACHI: The Association of Chartered Certified Accountants (ACCA) hosted a large-scale corporate conference in Peshawar, themed ‘Rethinking a better world – Sustainable Growth for Pakistan,’ featuring representation from the country’s top businesses, thought leadership and policymakers. The conference provided a platform for the region’s key stakeholders and brightest minds to engage in interdisciplinary, forward-thinking conversations […]
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KARACHI: The Association of Chartered Certified Accountants (ACCA) has conducted the Q2 Global Economic Conditions Survey (GECS). According to the statement issued on Friday, all the main global indicators fell in the Q2 GECS, pointing to a decisive deterioration in the global economic outlook. The Q2 GECS points to a decisive deterioration in the global […]
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KARACHI: The Association of Chartered Certified Accountants (ACCA) has suggested the government to impose income tax at 7 percent on landowners to increase the agriculture share in the GDP. The ACCA in its proposals for budget 2021/2022 stated that agriculture (recently growing at 2.77 percent) has the potential to reach up to 55 percent of […]
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KARACHI: The Federal Board of Revenue (FBR) has been suggested to impose higher rates of duties on import of non-essential and luxury items in order to reduce current account deficit. Association of Chartered Certified Accountants (ACCA) in its tax proposals for budget 2019/2020 said that tangible measures should be taken to reduce the import burden. […]
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KARACHI: Association of Chartered Certified Accountants (ACCA) has said that the existing sales tax rate of 17 percent in Pakistan is the highest in the region. The existing rate of Sales Tax at 17 percent is one of the highest in the region with an average of around 12 percent in Asia (15 percent in […]
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KARACHI: Federal Board of Revenue (FBR) has been advised to make it mandatory the declaration of source of funds for foreign remittances. Association of Chartered Certified Accountants (ACCA) in its tax proposals for budget 2019/2020 recommended changes to Section 111(4) of Income Tax Ordinance, 2001 regarding foreign exchange remitted from outside Pakistan. The association recommended […]
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KARACHI: Association of Chartered Certified Accountants (ACCA) Pakistan has opposed tax amnesties and suggested the tax machinery to use available information with proper enforcement. “Tax Amnesties without proper penal clauses had been a failure. With the strengthening of OECD, they should be done away with and focus should instead be shifted on using the organization’s […]
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