12-21-2010, 11:35 PM
ACCAs can engage in advisory/consultancy roles as there is no bar in doing so under any law and such roles are a matter of arrangement between service provider and service seeker.
However, with respect to Taxation, you need to see which persons are authorized under law to appear before taxation authorities on behalf of a tax payer. Section 223 of the Income Tax Ordinance, 2001 prescribes the persons who can appear before commissioner or appellate authorities on behalf of the Taxpayers. These prescribed persons interalia include Accountant as well. However, subsection (11) of this section clarifies what accountant in fact means for this purpose. It states that accountant means
(a) a chartered accountant within the meaning of the Chartered Accountants Ordinance, 1961 (X of 1961);
(b) a cost and management accountant within the meaning of the Cost and Management Accountants Act, 1966 (XIV of 1966); or
(c) a member of any association of accountants recognized for the purposes of this section by FBR.
Similar list and meanings you can find in other taxation laws as well.
To my knowledge ACCA is not recognized as an accountancy association by FBR so far. This suggests that ACCA cannot be an Authroized Representative under tax law UNLESS he is covered under any other prescribed capacity or has obtained license as Income Tax Practitioner.
If ACCA is recognized by FBR (which is not in my knowledge)or is recognized on a later date in future, then ACCA members can/will-be-able to deal taxation matters as well.
Regards,
However, with respect to Taxation, you need to see which persons are authorized under law to appear before taxation authorities on behalf of a tax payer. Section 223 of the Income Tax Ordinance, 2001 prescribes the persons who can appear before commissioner or appellate authorities on behalf of the Taxpayers. These prescribed persons interalia include Accountant as well. However, subsection (11) of this section clarifies what accountant in fact means for this purpose. It states that accountant means
(a) a chartered accountant within the meaning of the Chartered Accountants Ordinance, 1961 (X of 1961);
(b) a cost and management accountant within the meaning of the Cost and Management Accountants Act, 1966 (XIV of 1966); or
(c) a member of any association of accountants recognized for the purposes of this section by FBR.
Similar list and meanings you can find in other taxation laws as well.
To my knowledge ACCA is not recognized as an accountancy association by FBR so far. This suggests that ACCA cannot be an Authroized Representative under tax law UNLESS he is covered under any other prescribed capacity or has obtained license as Income Tax Practitioner.
If ACCA is recognized by FBR (which is not in my knowledge)or is recognized on a later date in future, then ACCA members can/will-be-able to deal taxation matters as well.
Regards,
