Skip to main content

CBD PUNJAB'S TAX WORKSHOP ILLUMINATES FINANCIAL LITERACY

  


In a bid to foster financial literacy and raise awareness about tax implications among its employees. The Finance Directorate of Punjab Central Business District Development Authority (PCBDDA), also known as the Central Business District Punjab (CBD Punjab), organized a Tax Workshop at CBD Punjab Complex. The workshop was aimed to provide insight into tax laws and amendments done in Finance Act 2023.

The workshop addressed a wide spectrum of tax-related subjects, including income tax implications on salaries, commissions, property transactions, rentals, sales, goods, services. General sales tax GST) and Punjab Sales Tax (PST). The workshop was a proactive effort to empower participants with knowledge of taxation laws aiding them in making informed financial decisions.

Executive Director Finance CBD Punjab, Syed Habban Subhani, while expressing his thoughts said, "Financial awareness is essential for sustainable economic growth. Our workshop serves as a platform to empower individuals with knowledge about tax regulations, enabling them to navigate the financial landscape more effectively.”

To ensure the delivery of accurate and up-to-date information, CBD Punjab invited distinguished tax experts to lead the workshop. Notable speakers included Talal Zahic (RSM Avais Hyder Liaquat Nauman Chartered Accountants). The session was attended by enthusiastic staff members of CBD Punjab, fostering an atmosphere of collaborative learning and knowledge exchange. The workshop concluded with a certificate distribution ceremony among participants.

The event marked another stride in PCBDDA's dedication to a conducive business ecosystem in Punjab. By hosting informative sessions such as this tax workshop, CBD Punjab continues to play a vital role in ensuring that stakeholders are equipped to navigate the complexities of financial regulations in a rapidly evolving economic landscape.

Comments

Popular posts from this blog

47% of Asia Pac businesses have no emissions plan in place despite the climate emergency, reveals new report from ACCA, IFAC and PwC

           As world leaders gather for COP 28, ACCA (the Association of Chartered Accountants), IFAC (the International Federation of Accountants) and professional services firm PwC released a new report:   The  role of the CFO and finance function in the climate transition: driving value and sustainability,  based on a survey of 1,000 senior finance professionals around the world.   The research reveals 47% of respondents in the Asia Pacific region have yet to produce a plan for reducing their carbon emissions. Alarmingly, 69% of those respondents without an emissions plan say they currently have no intention of developing one. This compares with global figures of 46% of respondents who have yet to prepare an emissions plan and 70% of those say they currently have no intention of developing one.   The report also says that that involving CFOs and finance teams in the emissions reduction planning is likely to accelerate progress.  They should embrace this because, although they may not

Economic confidence among finance professionals edges higher globally despite big fall in North America

                                            The latest ACCA (the Association of Chartered Certified Accountants) and IMA ®  (Institute of Management Accountants)  Global Economic Conditions Survey (GECS) suggests that confidence among accountants and finance professionals edged slightly higher in Q2 2024 and is just above its historical average.  For chief financial officers (CFOs), all the key global indicators rose, with sharp gains evident in the New Orders and Capital Expenditure indices.   There were some notable regional differences . Western Europe-based accountants reported another decent increase in confidence as the euro area and UK economies continue to stage recoveries. Even Asia Pacific saw a small rise off the back of a huge gain previously, and the New Orders Index increased strongly. The region is benefitting from improvements in the global economy, including in the manufacturing sector and the upward moving technology cycle. However, North America’s financial professio

Optimistic accountants embrace AI as profession shows desire to learn and adapt

   A survey among members of ACCA (the Association of Chartered Certified Accountants) sees a range of key organisational benefits in adopting digital technologies including flexibility/adaptability, quality of products and services, sustainability performance, transparency and regulatory compliance (72%).   However, The  Digital Horizons  survey – which garnered 1,074 responses from ACCA members across the globe – noted that financial professionals still see the main benefit of technology as offering efficiency/process improvements: 52% ranked efficiency, internal process optimisation or cost savings in their top three objectives when adopting a new technology.    Only 18% included competition-related reasons, such as responding to customer demands, enhancing market insights, introducing 24/7 capabilities, or maintaining competitive advantage.   Cost remains the top challenge when adopting technology, but organisational culture also remains a critical factor in successful adoption.