Business General

ACCA and KTBA Sign MOU to strengthen professional tax practice

ACCA and KTBA Sign MOU to strengthen professional tax practice

ACCA (the Association of Chartered Certified Accountants) and Karachi Tax Bar Association (KTBA) commit to working together to further the tax practice and profession in Pakistan.

The two organisations recently signed a memorandum of understanding, formalising this commitment. Specific areas of cooperation include achieving and promoting the highest professional, ethical and governance standards, upholding public interest, building tax culture and citizenship, and to support the taxation practice and profession by creating both capacity and capability.

The MOU was signed by KTBA President Mohammad Rehan Siddiqui, and the head of ACCA Pakistan, Sajjeed Aslam, who was in Karachi meeting with key stakeholders.

Recognising the value of promoting mutual cooperation for the advancement of their respective members, it was also agreed to make it easier for ACCA members to acquire the membership of KTBA.

Head of ACCA Pakistan, Sajjeed Aslam says that ACCA is incredibly excited to partner with KTBA and they will actively work together in producing valuable thought leadership for the policy makers.  “We look forward to joint initiatives that will help to grow the national economy and support compliance with national and global standards and ethical practices. ACCA’s unique footprint of 104 offices around the world provides ACCA members and staff with access to a wealth of global resources and professional insights with which to support national stakeholders and partners. We believe that this is the start of an invaluable partnership.” KTBA President, Mohammad Rehan Siddiqui says that it is indeed a matter of pride for KTBA to ink out the MOU with an organisation of international outreach. He showed his deep interest that membership of KTBA will reap benefits with the international experience of ACCA on the subjects of mutual interest. He also ensured the support of Bar to ACCA in its endeavour towards promoting tax profession and practice in the country.

Also Read: Daraz announces initiatives to further empower sellers at 4th annual summit