Federal Board of Revenue has issued its “TAXPAYERS' AUDIT POLICY- 2017” It envisages changes in the method of selection of cases. The new approach may minimize chances of selection of compliant tax, which will help building the confidence of the tax payers in the Audit System. It has been mentioned in this policy that tax [...]
The President, Islamic Republic of Pakistan issued Four ordinances to Implement Economic Reforms. The ordinances, promulgated on April 8,2017 , are Voluntary Declaration of Domestic Assets Ordinance 2018, Foreign Assets (Declaration and Repatriation) Ordinance 2018 Income Tax (amendment) Ordinance 2018, and Economic Reforms (amendment) Ordinance 2018. They are in continuation of the Economic Reforms Package [...]
Khyber Pakhtunkhwa Revenue Authority has issued Notification Ref: 1856-62 dated March 19, 2018. Through the aforementioned notification, KPRA has issued Amendments in Khyber Pakhtunkhwa Sales Tax on Services Special Procedure (Withholding) Regulations 2015. Please click below to view the Original Notification. Special Procedure Withholding Regulations
Today's blog is written by Mr. Atiq Ur Rehman, International VAT Consultant and Senior Manager Taxation and Corporate Advisory Services. Atiq Sahib is currently working on an International Assignment in Kingdom of Saudi Arabia. Atiq Sahib has brilliantly articulated a genuine complex topic in a most simple and commonly understandable way. Please read this blog [...]
This blog is written by Mr. Sachal Aftab, Associate Taxation Services. Sachal Sahib is one of the more talented and bright Associate of our Firm. This is a well crafted and brilliantly explained blog. Please read this blog and provide your valued comments. Since 1980’s Mergers & Acquisitions have become a routine phenomenon for the companies to [...]
Today's blog is written by Mr. Adnan Khan, Associate Audit and Assurance Services. This is a good effort by Mr. Adnan. Please read this blog and provide your comments. Risk management and internal audit effectiveness A quick glance at the daily news is likely to convince most people that risk management is a good idea. Yet many [...]
The Securities and Exchange Commission of Pakistan has issued SRO. 421 (I)/2018. dated April 2, 2018. Through this aforementioned SRO SECP has specified a time period of forty-five days from the date of this notification for the shareholders of a listed company to provide valid information to complete arrangements for making payment of cash dividends [...]
The Securities and Exchange Commission of Pakistan has issued S.R.O. 423 (I)/2018 dated April 3, 2018. Through this SRO SECP has issues directive that a company shall, where applicable, while issuing notice of its general meeting, where a special business is to be transacted, in terms of specific referred sections of the Act detailing information at the [...]
This blog is written by Mr. Shahwazir Safi, Associate Taxation Services. Who is Liable to file the Annual Return. Every company Every other person whose income exceeds the amount not chargeable to tax Approved Non-profit organization Approved Welfare institution Any person charged to tax in any of the two preceding tax years Any person who claims [...]
This is the latest edition of Blogs of KCO Series (2nd Phase). This blog is written by Mr. M. Bilal Ismail, Associate Taxation services. Filer and non-filers has received serious attention by the people of Pakistan, now every person dealing with bank whether salaried class, businessman or even a house wife is faced with the issue of [...]
