News
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Outsourcing may not be best option for businesses: Ernst & Young
Singapore: Outsourcing has been a global catch-phrase in recent years as one way for companies to reduce costs, and Singapore…
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Jewellers exempted from past sales tax liabilities
ISLAMABAD (June 04 2004): The Central Board of Revenue (CBR) has given exemption of past sales tax liabilities, ie, prior…
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IFAC Explores Budget Reporting for Governments and Need for International Public Sector Standards
A new Research Report commissioned by the International Federation of Accountants' (IFAC's) Public Sector Committee (PSC) considers best practices in…
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IFAC Ethics Committee Revises Ethics Code on Audit Partner Rotation
The Ethics Committee of the International Federation of Accountants has approved a revision to its Code of Ethics for Professional…
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IFRIC: Interpretation on Changes in Existing Decommissioning, Restoration and Similar Liabilities
The International Financial Reporting Interpretations Committee (IFRIC) has released IFRIC Interpretation 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities.…
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Deloitte among four to face tribunal over scandal
Accounting giant Deloitte, together with two of its partners and one other external auditor to the former Semple Cochrane –…
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Sales Tax registration and de-registration to be carried out through TFCs
ISLAMABAD (May 31 2004): The sales tax registration and de-registration will be carried out through Taxpayer Education and Facilitation Centres…
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Contravention cases period to be reckoned from installation
ISLAMABAD (May 30 2004): The Central Board of Revenue (CBR) has announced that contravention cases would not be framed against…
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Dispute Resolution Complex to handle only tax adjudication cases
ISLAMABAD (May 31 2004): The Dispute Resolution Complex, Karachi, will exclusively deal with all the adjudication cases of customs, sales…
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Tax Ombudsman rules CBR circular as void
ISLAMABAD (June 01 2004): The Federal Tax Ombudsman, Justice Saleem Akhtar, has decreed that a circular of CBR regarding new…