PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has recommended that the tax authorities reactivate the Directorate of Broadening of Tax Base (BTB) to enhance the country’s tax revenue.
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ICAP Urges Tax Authorities to Revise Tax Rates and Regimes in Budget 2023-2024
Institute of Chartered Accountants of Pakistan (ICAP) has raised concerns over the current tax rates and tax regimes in the country, urging the tax authorities to revisit them in the upcoming budget for the fiscal year 2023-2024.
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ICAP Proposes Rationalizing Tax Rates for Salary Income
The Institute of Chartered Accountants of Pakistan (ICAP) has suggested the rationalization of tax rates on the income of salaried individuals in their proposals for the budget 2023-2024.
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Proposal to Abolish Withholding Tax Regime for Listed Companies
The Institute of Chartered Accountants of Pakistan (ICAP) has recommended the removal of the withholding tax burden imposed on listed companies by the Federal Board of Revenue (FBR).
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ICAP Recommends Separate Bench at Higher Courts for Tax Cases
The Institute of Chartered Accountants of Pakistan (ICAP) has proposed the establishment of a separate bench dedicated to tax cases at all higher courts.
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ICAP recommends steps to prevent smuggling in CPEC trade
The Institute of Chartered Accountants of Pakistan (ICAP) has put forth recommendations to ensure that foreign trade conducted through the China Pakistan Economic Corridor (CPEC) remains free from smuggling and illegal activities.
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ICAP proposes tax refunds for salaried individuals directly to bank accounts
The Institute of Chartered Accountants of Pakistan (ICAP) has put forward recommendations to streamline the tax refund process for salaried individuals to their bank accounts and strengthen whistle blower protection.
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ICAP proposes measures to identify tax evaders and broaden tax base
The Institute of Chartered Accountants of Pakistan (ICAP) has put forward a set of recommendations to the authorities aimed at identifying tax evaders and expanding the tax base.
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ICAP successfully hosts highly anticipated CFO Conference 2023
The Institute of Chartered Accountants of Pakistan (ICAP) Tuesday organized the much-awaited CFO Conference 2023, focusing on the theme of “Resilient CFO – Balancing the Agenda for Tomorrow.” The event took place at a local hotel in Karachi and was spearheaded by the Professional Accountants in Business (PAIB) Committee.
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ICAP presents proposals for budget 2021/2022
ISLAMABAD: Institute of Chartered Accountants of Pakistan (ICAP) on Thursday presented proposals for budget 2021/2022 to Shaukat Tarin, minister for finance and revenue.
ICAP Vice President Ashfaq Tola called on the Federal Minister for Finance and Revenue, Shaukat Tarin here at the Finance Division to present proposals on Model Federal Budget 2021-2022.
SA PM on Revenue Dr Waqar Masood Khan and Ali Latif, Vice President ICAP were also present during the meeting.
The Finance Minister welcomed the Vice President ICAP Ashfaq Tola and discussed the proposals by the ICAP team for the economic growth and development of the country.
The Minister lauded the professional insight of the members of the ICAP and their valuable contribution.
The Vice President ICAP briefed the Minister about the sector-wise Budget Proposals prepared by the Advisory Committee of the ICAP for the first time.
The Model Budget Paper included recommendations for widening the tax net, increasing per capita income, managing the non-tax income, measures on domestic and foreign debt management and rationalizing the pension expenditure.
The Vice President also appreciated the housing initiative of the federal government to boost economic activity and suggested ways & means to extend the outreach.
The Finance Minister commended the efforts made by ICAP’s Advisory Committee in working out the Budget proposals and reiterated firm commitment for formulation of a growth-oriented budget by following a participatory approach.
The underlying rationale is to take all stakeholders on board for evolving consensus and coming up with innovative ideas to overcome economic challenges. The VP ICAP felicitated the Finance Minister on assuming new responsibilities and extended invite to be a Chief Guest at ICAP webinars and also presented the Coffee Table Book on the occasion.