Amendments to Finance Act 2014: Bonus Shares by Unlisted Companies, Tax...
ISLAMABAD (June 23, 2014) – Several amendments were announced by Finance minister Ishaq Dar in the Finance Act 2014 which was passed on Saturday. The first amendment was related to tax on bonus shares...
View ArticleIASB and FASB issue converged standard on recognition of revenue from...
KARACHI (June 24, 2014) – The International Accounting Standards Board (IASB), which develops global accounting standards for accounting standards, and the Financial Accounting Standards Board (FASB),...
View ArticlePricewaterhouseCoopers consulting unit suspended for 2 years and fined $25...
The Regulatory Advisory Services (RAS) unit of PricewaterhouseCoopers LLP in USA, one of the Big4 accounting firms, has been suspended for two years and fined $25 million by New York State Department...
View ArticleDate for filing of Income Tax returns extended till October 31, 2014
ISLAMABAD (September 27, 2014) – Federal Board of Revenue (FBR) has extended the date for filing of tax returns to October 31, 2014 for individuals, associations and special tax year companies whose...
View ArticleACCA and University of Peshawar sign MoU for advancement of finance profession
KARACHI (13 November 2014) – ACCA (the Association of Chartered Certified Accountants) and University of Peshawar have entered into a memorandum of understanding (MoU) for promotion and academic...
View ArticleACCA Pakistan Opens Office in Peshawar
PESHAWAR (December 11, 2014) – ACCA Pakistan recently inaugurated its office in Peshawar for the promotion of accounting and finance profession in Khyber Pakhtunkhwa. The inaugural ceremony was...
View ArticleFBR Establishes a Transfer Pricing Unit
ISLAMABAD (December 24, 2014) – The Federal Board of Revenue (FBR) has established a transfer pricing unit to facilitate and strengthen the ability of the tax officials to effectively deal with the...
View ArticleACCA joins hands with Nayatel, awards approved employer accredition
KARACHI (February 01, 2015) – ACCA Pakistan recently awarded Nayatel (Pvt) Ltd. with employer accreditation in a ceremony held in Islamabad. ACCA’s global programme is awarded to employers who meet...
View ArticleEconomic Survey 2014-15: Features and Highlights
ISLAMABAD (June 05, 2015) – The finance ministry of Government of Pakistan yesterday published the annual Economic Survey of Pakistan for the year 2014-15. Highlights of this publication are being...
View ArticleRs4.09 Trillion Federal Budget for 2015-16 Unveiled
ISLAMABAD (June 06, 2015) – The federal budget for the year 2015-16, with a total outlay of Rs4.089 trillion, was approved by the federal cabinet on Friday. In his budget speech in parliament, finance...
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