{"id":51990,"date":"2019-05-10T15:30:54","date_gmt":"2019-05-10T10:30:54","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=51990"},"modified":"2019-05-10T15:30:54","modified_gmt":"2019-05-10T10:30:54","slug":"acca-asks-govt-to-lower-tax-rates-in-budget","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html","title":{"rendered":"ACCA asks govt to lower tax rates in budget"},"content":{"rendered":"<p>Islamabad: The Association of Chartered Certified Accountants (ACCA) has asked the government to lower its levied taxes in the upcoming budget for the (fiscal year) FY2019-20, a news source reported.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/govt-plans-increase-tax-rate-remove-exemptions.html\">Govt plans to increase tax rate, remove exemptions<\/a><\/p>\n<p>In a statement, the association asked the authorities concerned to \u2018rationalise\u2019 the size of the government and build political consensus on a \u2018charter of economy\u2019.<\/p>\n<p>The association recommended the adoption of both medium and long term measures focused on inclusive economic growth. It recommended the government to devise an economic development model, instead of just managing cash flows and foreign exchange reserves.<\/p>\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/fpcci-requests-budget-proposals-all-chambers.html\">FPCCI requests budget proposals from all chambers<\/a><\/p>\n<p>The ACCA stated that the upcoming budget should prioritise low tax rates. The new policy should be geared towards increasing the size of the documented economy from USD 315 billion to over USD 1 trillion, as well as increasing the tax-to-GDP ratio based on the current formal economy.<\/p>\n<p>It stressed the need to support micro and small-sized industries in underdeveloped regions in a bid to promote industrial growth.<\/p>\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/trade-chambers-request-government-to-reform-taxation-laws.html\">Trade chambers request government to reform taxation laws<\/a><\/p>\n<p>The body further asked the government to incentivise domestic investors for import substitution, encourage export of services and human resources, focus on public-private partnerships to introduce outcome-driven citizen service models for the education and health sectors, and devise a national human resource development strategy in line with domestic and global demands.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Association of Chartered Certified Accountants (ACCA) has asked the government to lower its levied taxes in the upcoming budget for the (fiscal year) FY2019-20, a news source reported. Read:\u00a0Govt plans to increase tax rate, remove exemptions In a statement, the association asked the authorities concerned to \u2018rationalise\u2019 the size of the government and build political consensus on a \u2018charter of economy\u2019. The association recommended the adoption of both medium and long term measures focused on inclusive economic growth. It recommended the government to devise an economic development model, instead of just managing cash flows and foreign exchange reserves. Read: FPCCI requests budget proposals from all chambers The ACCA stated that the upcoming budget should prioritise low tax rates. The new policy should be geared towards increasing the size of the documented economy from USD 315 billion to over USD 1 trillion, as well as increasing the tax-to-GDP ratio based on the current formal economy. It stressed the need to support micro and small-sized industries in underdeveloped regions in a bid to promote industrial growth. Read: Trade chambers request government to reform taxation laws The body further asked the government to incentivise domestic investors for import substitution, encourage export&hellip;<\/p>\n","protected":false},"author":67,"featured_media":51991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[11592],"persona":[],"class_list":{"0":"post-51990","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-acca-asks-govt-to-lower-tax-rates-in-budget"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ACCA asks govt to lower tax rates in budget - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Association of Chartered Certified Accountants (ACCA) has asked the government to lower its levied taxes in the upcoming budget for the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ACCA asks govt to lower tax rates in budget - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Association of Chartered Certified Accountants (ACCA) has asked the government to lower its levied taxes in the upcoming budget for the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:author\" content=\"atif_zameen_dev\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-10T10:30:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2019\/05\/ACCA.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Manik Aftab\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Manik Aftab\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ACCA asks govt to lower tax rates in budget - Zameen News","description":"Islamabad: The Association of Chartered Certified Accountants (ACCA) has asked the government to lower its levied taxes in the upcoming budget for the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html","og_locale":"en_US","og_type":"article","og_title":"ACCA asks govt to lower tax rates in budget - Zameen News","og_description":"Islamabad: The Association of Chartered Certified Accountants (ACCA) has asked the government to lower its levied taxes in the upcoming budget for the","og_url":"https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_author":"atif_zameen_dev","article_published_time":"2019-05-10T10:30:54+00:00","og_image":[{"width":600,"height":350,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2019\/05\/ACCA.jpg","type":"image\/jpeg"}],"author":"Manik Aftab","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Manik Aftab","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html"},"author":{"name":"Manik Aftab","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/ff469695c0914ef3147ebd56e5d61b7e"},"headline":"ACCA asks govt to lower tax rates in budget","datePublished":"2019-05-10T10:30:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html"},"wordCount":245,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2019\/05\/ACCA.jpg","keywords":["ACCA asks govt to lower tax rates in budget"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html","url":"https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html","name":"ACCA asks govt to lower tax rates in budget - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2019\/05\/ACCA.jpg","datePublished":"2019-05-10T10:30:54+00:00","description":"Islamabad: The Association of Chartered Certified Accountants (ACCA) has asked the government to lower its levied taxes in the upcoming budget for the","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2019\/05\/ACCA.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2019\/05\/ACCA.jpg","width":600,"height":350},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/acca-asks-govt-to-lower-tax-rates-in-budget.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"ACCA asks govt to lower tax rates in budget"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/ff469695c0914ef3147ebd56e5d61b7e","name":"Manik Aftab","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/182ee2504481c87ee62582d23334157d5fcfb09a5714b3d12ddf1bd824e9907a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/182ee2504481c87ee62582d23334157d5fcfb09a5714b3d12ddf1bd824e9907a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/182ee2504481c87ee62582d23334157d5fcfb09a5714b3d12ddf1bd824e9907a?s=96&d=mm&r=g","caption":"Manik Aftab"},"description":"Manik Aftab is a Content Developer at Zameen.com","sameAs":["atif_zameen_dev"],"url":"https:\/\/www.zameen.com\/news\/author\/manik"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/51990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=51990"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/51990\/revisions"}],"predecessor-version":[{"id":51992,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/51990\/revisions\/51992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/51991"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=51990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=51990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=51990"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=51990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}