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Tag: ICAP

budget proposals

ICAP battles brutal inflation with bold salary tax plan

May 27, 2025May 27, 2025Shahnawaz Akhter

KARACHI, May 27, 2025 — In a bold and potentially game-changing proposal ahead of the 2025-26 federal budget, the Institute of Chartered Accountants of Pakistan (ICAP) has roared into the spotlight by demanding immediate and sweeping relief for Pakistan’s long-suffering salaried class.

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chartered Accountants

ICAP seeks end to withholding tax for listed companies

May 26, 2025May 26, 2025Shahnawaz Akhter

Karachi, May 26, 2025 – The Institute of Chartered Accountants of Pakistan (ICAP) has put forward a significant reform proposal in its recommendations for the Federal Budget 2025-26.

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ICAP - CA

ICAP Suggests Tax Exemption on Annual Salary up to Rs 1 Million

June 9, 2024June 9, 2024Shahnawaz Akhter

PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has put forth a significant proposal for the upcoming budget of 2024-25, suggesting an increase in the income threshold for tax exemption on salaries.

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ICAP - CA

ICAP Urges Removal of Glitches in Business Bank Account

June 8, 2024June 8, 2024Shahnawaz Akhter

PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has called on tax authorities to address the existing glitches in the process of adding or amending business bank accounts.

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Torkham

ICAP Proposes Anti-Smuggling Measures for Afghan Transit Trade

June 6, 2024June 6, 2024Shahnawaz Akhter

PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has called for stricter measures to address rampant smuggling plaguing the Afghan Transit Trade (ATT).

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chartered Accountants

ICAP Unveils Measures to Secure CPEC from Smuggling Woes

June 6, 2024June 6, 2024Shahnawaz Akhter

PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has proposed a series of measures to be incorporated in the upcoming budget for 2024-25.

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ICAP - CA

ICAP Proposes Tax Relief Measures for Salaried Individuals

June 4, 2024June 4, 2024Shahnawaz Akhter

PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has proposed a series of tax relief measures aimed at easing the tax burden on salaried individuals in the country.

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ICAP - CA

ICAP Suggests Replacing WHT Regime for Listed Companies

June 4, 2024June 4, 2024Shahnawaz Akhter

PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has proposed a major shakeup in the tax regime for listed companies. In its recommendations for the 2023-24 budget, ICAP suggests replacing the current withholding tax (WHT) system with an adjustable advance tax regime.

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Tax Return Filing

ICAP Recommends Penalty on Stop-Filers

June 4, 2024June 4, 2024Shahnawaz Akhter

The Institute of Chartered Accountants of Pakistan (ICAP) has put forward a strong recommendation to impose penalties on individuals and entities known as stop-filers of income tax returns.

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ICAP - CA

ICAP Proposes Direct Refund Credit for Salaried Persons

June 3, 2024June 3, 2024Shahnawaz Akhter

PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has recommended that tax authorities facilitate direct refunds to the bank accounts of salaried individuals.

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