GCA Consultants -Weekly Updates (April 16 ) 2018

GCA CONSULTANTS:

CA PAKISTAN:

 Special business material facts to be disclosed under CA 2017

https://www.secp.gov.pk/document/sro-423-i-2018-notofication-of-disclosures-
in-statement-of-material-facts-section-1343-of-the-ca/?wpdmdl=31058
 ICAP journal
http://www.icap.org.pk/wp-content/uploads/PA/2018/jan-mar/thpajan-
mar2018.pdf
 Prohibition of dealing in virtual currencies
http://www.sbp.org.pk/bprd/2018/C3.htm
 CAF – 7 supplement
http://www.icap.org.pk/wp-
content/uploads/students/srbook/spack2017/caf/ExamSupplementCAF7.pdf
 Authorised bank branches
https://www.icap.org.pk/students/authorized-branches-for-collection-fee/
 Voluntarily declaration of Domestic assets ordinance 2018
http://download1.fbr.gov.pk/Docs/201849164164220Voluntarydeclarationofdom
esticassets.pdf
 Foreign assets (declaration & repatriation) ordinance 2018
http://download1.fbr.gov.pk/Docs/2018491641239293ForeignAssets.pdf
 Income tax (amendment) ordinance 2018
http://download1.fbr.gov.pk/Docs/201849164750664IncomeTaxAmendment.pdf
 AFC & CAF examinable editions summer 2018 and autumn 2018
http://www.icap.org.pk/wp-
content/uploads/training_Dept/ExamEditionSummer2018andAutumn2018.pdf
 Employee contributory fund regulations 2018

The Employees’ Provident Fund (Investment in Listed Securities) Rules, 1996,

Employees’ Provident Fund (Investment in Listed Securities) Rules, 2016
Notification No. S.R.O. 261(I)/2002 dated the 10th May 2002 and Notification No.
S.R.O. 537(I)/2004 are hereby repealed

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https://www.secp.gov.pk/document/draft-employees-contributory-fund-
investment-in-listed-securities-regulations-2018-2/?wpdmdl=31172
 Risk of virtual currencies
http://www.sbp.org.pk/press/2018/Pr-VC-06-Apr-18.pdf
 Remittance by overseas Pakistanis
http://www.sbp.org.pk/press/2018/Pr-HomeRemitt-10-Apr-18.pdf
 Audit policy 2017 (tax year 2016)
http://www.fbr.gov.pk/Contents/audit-policy-for-2017-pertaining-to-tax-year-
2016/21196
 Taxpayers audit policy
http://download1.fbr.gov.pk/Docs/2018410114156425AuditPolicy2017.pdf
 Statement of compliance for FS issued under CA, 2017
http://www.icap.net.pk/archives/4806
 Draft illustrative financial statements for IFRS for SMEs and 5th schedule
under CA, 2017
http://www.icap.net.pk/archives/4886
 AAOIFI shariah standards for public consultation
https://www.secp.gov.pk/wp-content/uploads/2018/04/Press-Release-April-10-
SECP-notified-new-AAOIFI-Shariah-standards-for-public-consultation.pdf
 Revised code of ethics issued
http://www.ifac.org/publications-resources/final-pronouncement-restructured-
code
 Change in nomenclature
http://www.sbp.org.pk/ibd/2018/CL1.htm
 No additional tax on telecom sector
http://www.fbr.gov.pk/Contents/no-additional-tax-will-be-imposed-on-telecom-
sector-haroon-akhtar-khan/21197
 Amendment in law for foreign currency dealings
http://www.sbp.org.pk/epd/2018/FECL5.htm

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GCA Consultants -Weekly Updates (April 16 ) 2018

 FBR to monitor restaurants sale in real time

http://www.fbr.gov.pk/Contents/fbr-launches-system-to-monitor-restaurants-sale-
in-real-time/21198
 Audit cases for federal excise corporate tax payer
http://download1.fbr.gov.pk/Docs/2018412184116285Corp_FE_NTN.pdf
 Audit cases for income tax corporate taxpayers
http://download1.fbr.gov.pk/Docs/2018412184168931CORP_IT_NTN.pdf
 Audit cases for sale tax corporate tax payers
http://download1.fbr.gov.pk/Docs/2018412184181621Corp_ST_NTN.pdf
 Audit cases for FED non corporate taxpayers
http://download1.fbr.gov.pk/Docs/20184121842140579Non_Corp_FE_NTN.pdf
 Audit cases for income tax non corporate tax payers
http://download1.fbr.gov.pk/Docs/20184121842450428Non_Corp_IT_NTN.pdf
 Audit cases for sale tax non corporate taxpayers
http://download1.fbr.gov.pk/Docs/20184121842625996Non_Corp_ST_NTN.pdf

ICMAP UPDATES:

 New Release:
 Job vacancies update
https://www.icmap.com.pk/jobs/jvi_rpt_09042k18.pdf
 Student notice board:
 CBE result
http://online.icmap.com.pk/examination_result.aspx
 Exam circular for Dubai students
https://www.icmap.com.pk/ExamNoticeDetail.aspx?Notename=382
 Exam notice
https://www.icmap.com.pk/ExamNoticeDetail.aspx?Notename=381

 For job updates, please visit jobs page.

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