The Appellate Tribunal Inland Revenue (ATIR) Lahore has ruled that foreign assets declared under the Foreign Assets (Declaration & Repatriation) Act 2018 (FADRA) are exempt… Read More »Foreign Assets Declared Under Amnesty Exempt from CVT : ATIR Lahore
The Council of the Institute has approved this Directive to provide guidance to the practicing members during theconduct of non-statutory audit of financial statements and… Read More »ICAP DIRECTIVE : CONDUCTING NON-STATUTORY AUDITS / ASSIGNMENTS
Multiple job openings for UK based accounting firm.Excellent knowledge of bookkeeping softwares, sage, quick books and Xero.3 years experience in accountancy environment.Ability to work closely… Read More »Sr Accountant Required – Lahore Based
When are you required to submit audited financial statements along with your annual tax return? Association of Persons (AoP) Section 92(1). Share of a member… Read More »When to Submit Audited Financial Statements for Taxes
ISLAMABAD, September 3: The Securities and Exchange Commission of Pakistan (SECP) has issued a public alert regarding the increasing number of fraudulent social media and… Read More »Warning Against Fraudulent Social Media and WhatsApp Groups – SECP
Islamabad, 13th September, 2024 – The Securities and Exchange Commission of Pakistan (SECP) is pleased to extend the Companies Regularization Scheme by one month. The… Read More »SECP EXTENDS COMPANIES REGULARIZATION SCHEME
Export of Software Attention of the Authorized Dealers (ADs) is invited to Para 12, Chapter 12 of the Foreign Exchange Manual-2017 which, interalia, sets out… Read More »State Bank of Pakistan – FE Circular No. 02 of 2018
ICAP issued Circular 12 (September 12, 2024) on ‘Auditor’s Report on financial statements required to be submitted together with tax return’. It has been noted… Read More »Auditor’s Report on financial statements for tax return
Historically, an individual was only considered as resident in Pakistan if his stay was for more than 182 days in any tax year. However, The… Read More »When are you a Resident Individual in Pakistan?
Federal Board of Revenue (FBR) has vehemently denied rumors circulating on the social media regarding a purported upcoming amnesty scheme for regularizing smuggled vehicles. In… Read More »No Amnesty Scheme for Smuggled Vehicles in Pakistan