YouTube Links for Taxation Sessions/Videos gone Public today

Dear Readers,

Assalam O Alikum (Peace be on you),

Further to our post ( https://omerzaheermeer.wordpress.com/2020/04/09/schedule-of-youtube-training-sessions-programs-releases/ ), please find below the links for the sessions made public today.

We hope this adds value for you and that you’ll also share them in your circle and on social media so other people can benefit from them too.

  1. PRA (Punjab) Sales Tax Return – Registration, Filing & Ancillary Issues

2. Taxation Reforms required for restoration of faith

Sincerely,

OZM & Team

Convert your free time during the ongoing pandemic into a BLESSING.

Dear Members, Readers, Friends & Colleagues,

Convert your free time during the ongoing pandemic into a BLESSING.

OZM

LEARN PROFESSIONAL EXCELLENCE THROUGH COMPLIMENTARY #2020 SERIES CPDS

Think Ahead with Hope & Optimism

During these challenging times, we as professionals, continue to strive to deliver value and ensure that our fraternity is both up-to-date and have the necessary skills to succeed in the ever changing and fast paced business environment. This is vital to ensure both productivity as well as optimism, in these testing times.

In this regard, I’m honoured to be able to deliver a series of CPD training sessions on various topics for ACCA, In Sha Allah.

ACCA, being the largest global accountancy body, brings to you a series of sessions on Taxation laws, rules and acts & soft skills to spread knowledge and awareness about these key skills and knowledge areas amongst our members.

Below are the links outlining details of the first “six” CPD sessions in this regard. You (active ACCA members) should have received the emails for these too and there is absolutely NO charge for you to attend.

2020 Series CPD # 1: Tax Laws (Second Amendment) Ordinance, 2019(Retail Businesses)
https://omerzaheermeer.wordpress.com/2020/03/30/cpd-tax-laws-second-amendment-ordinance-2019retail-businesses/

2020 Series CPD # 2: Filing of Income Tax Returns (Overview)
https://omerzaheermeer.wordpress.com/2020/03/31/cpd-filing-of-income-tax-returns-overview/

2020 Series CPD #3: Filing of An Appeal to Commissioner Appeals
https://omerzaheermeer.wordpress.com/2020/03/31/cpd-filing-of-an-appeal-to-commissioner-appeals/

2020 Series CPD #4: Filing of An Appeal to Appellate Tribunal Inland Revenue (ATIR)
https://omerzaheermeer.wordpress.com/2020/03/31/cpd-filing-of-an-appeal-to-appellate-tribunal-inland-revenue-atir/

2020 Series CPD # 5: Benami Transactions (Prohibition) Act, 2017
https://omerzaheermeer.wordpress.com/2020/03/31/cpd-5-benami-transactions-prohibition-act-2017/

2020 Series CPD # 6: Benami Transactions (Prohibition) Rules, 2019
https://omerzaheermeer.wordpress.com/2020/03/31/2020-series-cpd-6-benami-transactions-prohibition-rules-2019/

Do register and share this message with others who may find this useful. This will be your contribution in these testing times for our common fraternity.

Sincerely,

Omer Zaheer Meer

Session on Taxation Laws at LCCI

Session on Taxation Laws at LCCI

Dear Readers,

Assalam O Alikum (Peace be on you),

It’s good to be back after a break and I intend to write blogs regularly like before.

Below are some pictures to share with you all from the highly topical and greatly received session on the “Tax Laws (Second Amendment) Ordinance, 2019 & Income Tax Return – Filing & Issues” held at the #Lahore #Chamber of #Commerce & #Industry.

It was an honor to be the Speaker and Chief Guest on the occasion. As you all are aware, it’s my belief that we have a duty to give back to the society and disseminating knowledge is one of the best forms of the same.

Various businessmen, professionals and some taxation officers attended the session which went almost two hours over the allocated time, showing the high interest level of the participants.

I’d like to thank the LCCI team for organizing this and the wonderful audience for a 100% positive feedback. Also, thank you to my wonderful team at #MLCC for their constant support.

ACCA Budget Proposals 2018-19

Dear ACCA Members and the entire Professional Accounting and Finance fraternity,
Peace be on you all (Assalam O Alikum),

This somehow, seemed to have been missed by my team.

Anyhow for records purposes, it’s with great pleasure that I, as Chairman ACCA Taxation Committee, share ACCA’s Budget proposals. We started with twelve global taxation tenets of ACCA and in addition to other core recommendations, covered the game-changing recent technologies and CPEC, which has not been done by any other organization so far. This will be our USP. Similarly some of our proposals for structural reforms and for amendments in tax laws are also unique.

As for sectoral proposals, some key sectors are covered. For others, you have viewed the proposals by our team which were mostly standard and covered within the Income Tax and Sales Tax sections.

These are been widely shared with key stakeholders and some of our proposals have been adopted by the Government and more are expected to be in the budget. I hope you’ll find this informative and share in your circles with pride in ACCA brand. We look forward to receiving your kind feed-back and will share about the the pre-budget sessions with your good-self too.

ACCA’s Budget Proposals’ Link

Kind Regards,

Omer

Millennium Law and Corporate Company (MLCC) – The Pioneer ACCA Practising & Legal Firm in Pak

Millennium Law and Corporate Company (MLCC) – The Pioneer ACCA Practising & Legal Firm in Pak

Dear Readers,  Peace be on you all,

It is a pleasure to introduce Millennium Law and Corporate Company (MLCC), the Pioneer ACCA practicing & legal firm in Pakistan to your good-selves. Please read this post for the introduction.

  1. Company Name: Millennium Law and Corporate Company (MLCC)
  2. Web: http://www.mlcc.pk
  3. Contacts: 042-37242434  / 0322-4219292
  4. Emails: ozmeer@mlcc.pk
  5. Address: Bashir Mansion, 2 Turner Road, Masjid AG Office , Lahore, Pakistan

IMG_8148

Click here for: Key Associations & Profile Published by ACCA

 

Profile of Millennium Law & Corporate Company

  • 30 + Years’ “Young”

Millennium Law & Corporate Company (MLCC) has a background of thirty (30) years plus history of professional excellence stemming from its parent practice. It used to be focused solely on legal practice including corporate matters.

  • Way Forward – One stop solution

MLCC was expanded to include a new division for providing further corporate services too. This led to the expansion of the services to include areas such as taxation, accountancy, finance, corporate (SECP) services, internal audit, statutory audit, assurance, advisory, risk management, BPO and professional trainings in addition to legal matters within the services offered by MLCC.

All areas are handled by specialized teams of qualified Chartered Certified Accountants, Chartered Accountants, Chartered Financial Analysts, Chartered Public Finance Accountants and/or Senior Advocates delivering excellence.

  • Partners

The firm operates with specialized teams dealing with relevant areas under four (4) partners, two of whom are qualified and experienced Chartered Certified Accountants members while one is an ex legal advisor Federal Land Commission (Government of Pakistan) and another is an ex deputy Attorney General of Pakistan.

  • Pioneer ACCA Practising Firm in Pakistan

In 2015, the Association of Chartered Certified Accountants (ACCA) took a giant leap in Pakistan and initiated practising license program for the country.

  • MLCC became the pioneer Legal & Accountancy practising firm in Pakistan with
  • Mr. Omer Zaheer Meer FCCA Managing Partner, (Corporate Services & Taxation) at MLCC being awarded the first ever ACCA practising license in Pakistan.

Before that history was made when:

  • Omer Zaheer Meer FCCA became the first ever ACCA member to get admitted to the prestigious Lahore Tax Bar Association (LTBA).
  • He was later joined by Mr. Ali Zaheer Meer ACCA who is now a partner at MLCC and another ACCA member at LTBA.

Millennium Law & Corporate Company has built a reputation for quality services based on value creation and issue resolutions with time-specified deliverables. Integrity, transparency and  confidentiality are the hallmarks of the services delivered.  It is now the premier ACCA practising firm in the country and one of the leaders in the taxation, advisory and corporate services sectors.

  • Distinguished Collaborations

MLCC through its partners is currently representing Pakistan at the Global Tax Forum (UK), Chairing the Taxation Clinic at LCCI, Chairing the MNP (equivalent of local council) of ACCA in Pak, Chairing the Liaisons and sitting on the publication committees of LTBA, Chairing the Taxation Committee of ACCA and several think-tanks including Hamdard Thinkers’ Forum and Millat Thinkers’ Forum. Furthermore, has also been represented at the Taxation Committee of Lahore Chamber of Commerce and Industry besides been associated with several professional bodies and institutions such as:

  • CFAI (Chartered Financial Analyst Institute) – USA
  • UKSIP (UK Society of Investment Professionals) – UK
  • ACCA (Association of Chartered Certified Accountants) – UK
  • CIPFA (The Chartered Institute of Public Finance & Accountancy) – UK
  • PRMIA (Professional Risk Managers’ International Association) – USA
  • PRIMA (Public Risk Management Association) – USA
  • LTBA (Lahore Tax Bar Association) – (Pak)
  • LCCI (Lahore Chamber of Commerce & Industry) – (Pak)
  • MPDD {Management and Professional Development Department} – (Pak)
  • Hamdard Thinkers’ Forum – (Pak)
  • Millat Thinkers’ Forum – (Pak)

MLCC’s clientele also includes some of the most distinguished names including several parliamentarians, corporations, public sector entities as well as the SME sector. Out key clients and/or associations along-with the report on MLCC published by the largest global accountancy body ACCA can be found at the link below:

Why was MLCC started?

Managing Partner’s Views:

It is my strong and educated belief that the professional qualification and a proper rigorous training program equips one with the relevant skills, education and expertise to be the best not just technically but on the value addition side of being an entrepreneur.

With an early start to my career resulting in sufficient experience, On my return to Pakistan from UK, I felt it was the right time to launch an ACCA practising firm. Also it was an opportunity to contribute back to the profession and professional fraternity in several ways.

However ACCA did not have a local practising license back then. Nevertheless we upheld the brand ACCA and pioneered in an area deemed alien for ACCA members at the time, i.e. local taxation. We were lucky to have an existing track record of several decades of a quality legal firm. This was expanded into the pioneer quality Accountancy and Legal firm in Pakistan.

Within a short span of time we stood out from the crowd delivering excellence and quality beyond norms of the market. We then started expanding into other areas such as corporate services, advisory, audit, advisory, assurance, risk management, e.t.c. with equally good results.

The milestones so far

Since becoming the pioneer Accountancy and Legal practising firm in Pakistan, some of the major milestones achieved by MLCC are outlined below:

  • Establishment of our non-legal services headquarter at the prime location of Bashir Mansion, 2 Turner Road, Lahore which is opposite FBR, close to Appellate Tribunal, behind Lahore High Court, adjacent AG Office and practically in the hub of all the action.
  • Joining of Mr. Ali Zaheer Meer as the second ACCA partner of the Firm
  • Expansion intro value addition areas beyond taxation including internal audit, advisory, risk management, corporate services, e.t.c.
  • Award of the practising license and hence becoming the pioneer ACCA & Legal practising firm in Pakistan
  • Start of our training division
  • Establishment of a branch offices for facilitation of our clientele.
  • Partnership with ACCA Pakistan for the CPD trainings of ACCA fraternity and beyond
  • Attendance of our CPD programs and training events by high-profile professionals including owners, directors and even non-ACCA partners of other renowned firms
  • Publication and launch of a research study on indirect taxation across the MESA (Middle-East and South-Asia region) in collaboration with ACCA and EY
  • Working with top names in various sectors including the likes of National Bank of Pakistan, Habib Bank Limited, MPDD, ACCA, LCCI, KCCI, LTBA, HBL, e.t.c.
  • Launch of our ACCA trainees induction program

Advantages and benefits of dealing with MLCC

We offer several benefits for the business community, professional fraternity and the society at large. Some of the major ones include:

  • Global exposure with strong Local ties and connections
  • Well qualified and experienced teams
  • Quality services
  • Excellence focused
  • Results oriented
  • Timely and efficient deliverance
  • Opening up of new possibilities
  • Increased efficiency
  • Collaborations
  • Peace of mind

Advocacy & Professional Training Session at AzkoNobel

  • Represented ACCA
  • Shared technical expertise, knowledge & experience
  • Delivered Professsional Insights session
  • Interactive Q&A
  • 100% positive & 5 star feedback

Advocacy & Professional Session on EI at PEL

  • Represented ACCA
  • Shared technical expertise, knowledge & experience
  • Delivered Professsional Insights session
  • Interactive Q&A
  • 100% positive & 5 star feedback