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Value Added Tax is a consumption tax charged by VAT registered traders on all taxable goods and services at a standard rate of 18%. The VAT is a multistage tax levied at each stage of production and distribution up to the retail stage. The tax is also levied on taxable imports made by persons whether or not registered for VAT.
The Institute of Chartered Accountants of Pakistan ( Urdu: ادارہَ محاسبانِ منشوری ، پاکستان, ICAP) is a professional accountancy body in Pakistan. It has over 10,000 members working locally and globally. [1] [2] The institute was established on July 1, 1961 to regulate the profession of accountancy in Pakistan.
In Bermuda, payroll tax accounts for over a third of the annual national budget, making it the primary source of government revenue. The tax is paid by employers based on the total remuneration (salary and benefits) paid to all employees, at a standard rate of 14% (though, under certain circumstances, can be as low as 4.75%).
t. e. A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is ...
The Pakistan Institute of Public Finance Accountants (PIPFA) ( Urdu: ادارہَ محاسبانِ حساباتِ عامّہ ، پاکستان) is an autonomous body recognized mainly in the government sector and established under license from the Securities and Exchange Commission of Pakistan by the authority given under section 42 of the ...
Armed conflicts and attacks. 2017 Peshawar Agriculture Directorate attack. Four attackers storm the Directorate of Agricultural Training Institute in Pakistan and exchange fire with police and army personnel. The four attackers are killed in the attack, and at least 12 people are killed and 35+ are injured.
Tax law education is a specialisation of accountants, tax agents, and lawyers. Accountants are required by either CPA Australia to complete a course in law of taxation and law of financial services. There is a legal obligation to complete taxation law and commercial law for registration as a tax agent with the Tax Practitioner's Board.
A one-off "bank payroll tax" on bankers bonus payments, projected to be worth £2bn; £11bn of savings across Government and a further £5bn savings from targeted spending; Introduce a new right to open a basic bank account; Above-inflation increases to alcohol and tobacco duties, with a pledge to redefine strong ciders in September 2010
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