ACCA submits budget proposals to FBR.

ISLAMABAD, April 14, 2010 (Balochistan Times): The Association of Chartered Certified Accountants (ACCA) has submitted its proposals for the upcoming Federal Budget 2010 to the Federal Board of Revenue (FBR). The proposals titled Supporting Fair Taxation endorses the governments efforts by outlining practical recommendations aimed at establishing a fair taxation system by widening the tax base to create a system that is perceived as socially equitable and nurtures a culture of voluntary tax payment. Cognizant of current economic priorities, ACCA Pakistans budget proposals outline recommendations for a taxation system conducive to local industrial resurgence, which will address environmental challenges and attract foreign investment so as to manage the national and global economic challenges. The ACCA Pakistan is organizing a pre-budget discuss on 15 April 2010 in Lahore and on 17 April 2010 in Karachi, said ACCA press statement adding that the discussions would be mainly focusing upon the remedy of current challenges existing in the economy, . The panelists in Lahore will include Shahid Naseem, Chief Commissioner, Large Taxpayers Unit, Lahore, Muhammad Arshad, Vice President, First Fidelity Leasing Modaraba, Asad Feroze, Partner, Muniff Ziauddin Junaidy and Co. Chartered Accountants, Ms Aasia Saail Khan, Chairman, Women Entrepreneurs Development, Lahore Chamber of Commerce and Industry. The panelists in Karachi will include Asrar Rauf, Member Direct Taxes, Federal Board of Revenue, Arif Masud Mirza, Head of ACCA Pakistan, Kaiser Bengaliwala, Advisor to Chief Minister, Planning and Development Department and Abdul Majid, President, Karachi Chambers of Commerce and Industry, it added.

(THROUGH ASIA PULSE)