FREE CONSULTATION: The Foreign & Domestic Tax Amnesty 2018 – EXTENDED till 31/07/18

Golden Opportunity for you & the Country:

With the OECD data sharing re tax avoidance and black monies looming closer along-with the threat of severe implications, the recent amnesty by Government of Pakistan appears to be a golden opportunity for those with assets/income without proper trail.

Due to the administrative and legal issues getting clarified only about a couple of weeks ago, the response to Amnesty didn’t really took off until the last two weeks. And was it some response?

It was phenomenal particularly compared with the last few amnesties. Even for the country, with its’ economy currently in a dire strait, this seems to be providing a much needed breather while the nation awaits the next Government to take charge and hopefully steer the economy in the right direction. Moreover, it may help increase the documentation of the economy which seems to be a lost cause to date despite immense expense by FBR.

While it maybe a great opportunity for, it does require a lot of care and proper planning. We can proudly offer you complete confidentiality, competence and commitment with a proven track record of 100% excellence to back it up over four (4) decades of firm history.

 

Introduction of the Managing Partner (Taxation & Corporate Services):

Mr. Omer Zaheer Meer, FCCA is Chairman of ACCA Pakistan’s Member Network Panel, represents Pakistan on the Global Tax Forum and is the Chairman of ACCA Pakistan’s Taxation Subcommittee. He has extensive experience as a top taxation expert and has been chairing  the Tax Clinic at Lahore Chamber of Commerce & Industry.
He is currently the Managing Partner (Corporate Services) at Millennium Law & Corporate Company, the pioneer ACCA practising firm in Pakistan and also sits on the boards of various corporations.
Receiver of ACCA’s Exceptional Public Value Awards and National Advocacy Award, he is currently serving for the fourth time as Chairman Liaison Committee of Lahore Tax Bar Association. He has also served on the Finance, Economy and Taxation Committee of LCCI and is an advisor to several parliamentarians on taxation and economic affairs.
For his detailed introduction, please visit:
Contact Us Now for a Free of Cost Consultation:

So, if you’re an overseas or local Pakistani National and would like to know more details, wish to avail the amnesty or simply a professional wishing to learn more, please feel free to get in touch:

Millennium Law & Corporate Company   (MLCC)   

(Pioneer ACCA & Legal Practising Firm in Pakistan)

2nd Floor, Bashir Mansion, 2 Turner Road, Lahore

0322-4219292 / 042-37242612

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ACCA Pakistan “Working Group on Taxation”

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Assalam O Alikum (Peace be on you),

The above is a picture from one of the events launching ACCA’s last pre-budget proposals. We’re planning for a revamp of the ACCA taxation committee and opening up to have some more competent professionals join us with their valuable contributions for the profession, country and their Alma-mater.

Below is the snapshot of a recent email from ACCA to members across Pakistan. Please feel free to share this in your circle and get in touch if you’re the right person.

Dear ACCA Members
ACCA Pakistan MNP has decided to setup a working group under the Taxation Subcommittee. The objective of this working group will be to interact with the Federal Board of Revenue initially and expand its remit to the Provincial Revenue Authorities under the leadership of Omer Zaheer Meer, FCCA, Head of Taxation Sub Committee, ACCA Pakistan and offer the following:

  • Provide regular feedback and suggestions on circulars/policy matters pertaining to taxation
  • Prepare budget proposals (initially federal and later on expand them to the provincial proposals too) and forward them to Federal and Provincial Ministries of Finance.
  • The budget proposals should be prepared in such a way that they present a holistic as well as sectoral suggestions for Pakistan’s Annual Budget
  • Discuss, deliberate and critically evaluate issues pertaining to taxation and present the critical evaluation to Federal and Provincial
  • Profile the ACCA Pakistan Members Network Panel and the subcommittee to the taxation regulators in Pakistan

This working group will consist of 3-5 members working in the taxation sector in strategic positions with considerable experience of the sector. Members with a diverse view point on taxation of different business sectors are encouraged to share their CVs and a personal statement describing their claim to merit for these position with us.

Those members who are keen to join this working group should send us their CV and personal statement by replying to this email. We will look forward to your responses by 24 February 2017.
Haroon A Jan
Regional Head of Member Affairs – MENASA
ACCA Pakistan
61-C  Main Gulberg  Lahore Pakistan

Kind Regards,

Omer Zaheer Meer,

Managing Partner,

Millennium Law & Corporate Company

Announcement of Exceptional Public Value Award by ACCA

Dear Readers,

Peace be on you!

It’s with extreme pleasure that I announce that the prestigious Exceptional Public Value Award is to be awarded to myself by Ms. Helen Brand, OBE, CEO ACCA (the largest accountancy body globally). I’ll share the details with you after receiving the award, Insha Allah.

I’m honored by this privilege and grateful to ACCA for the recognition of my:

“contributions in the field of Budget and Taxation including but not limited to

  • the drafting of Anti-Graft Legislation focused on Undisclosed Foreign Income & Assets which was later adopted by the Treasury,
  • work done on the Regional Research Study on Indirect Taxation across South Asia and UAE,
  • MOU’s with Tax Bars,
  • Collaborations with Chambers of Commerce and Tax Bars,
  • Pre & Post Budget proposals and seminars,
  • continued member education events particularly on Taxation and
  • opportunities created through R&I sessions with key employers.”

Last but not the least, I’m thankful to you all for your support and prayers particularly my parents, siblings, mentors, colleagues and friends.

acca-exceptional-public-value-award

Regards,

Omer Zaheer Meer

Session on FATCA

From: members.pk
Sent: Monday, September 26, 2016 6:05 PM
Subject: Webinar on Foreign Account Tax Compliance Act (FATCA)

The Foreign Account Tax Compliance Act (FATCA) is a recently implemented law which creates a new reporting and withholding regime for financial institutions but impacts individuals and other businesses too.  FATCA, despite being a US regulation, has global implications as it effectively covers all US persons. State Bank of Pakistan (SBP), Pakistan Banks Association (PBA), Securities & Exchange Commission of Pakistan (SECP), individual commercial banks, non-bank financial institutions and other stakeholders in their respective capacities

It is a very important area for the banking and financial services sector, and equally important for professionals from other sectors and industries.

Keeping in view of our tradition of keeping our members and affiliates up-to-date on important professional developments, we’ve organized a session on this current and highly in-demand topic.

Trainer’s Profile

Mr. Omer Zaheer Meer is an experienced accounting, finance, management and economics professional holding FCCA (senior ACCA member), CFA Charter, the Anti-Money Laundering Specialization, BSc (Hons) in Applied Accounting and several professional certifications from UK along-with 15 years of experience gained in top management positions in leading British and Pakistani companies.

Currently, he is the Managing Partner at Millennium Law & Corporate Company (pioneer ACCA practising firm in Pakistan) and a Director on the board of multiple organizations. Mr. Meer is an experienced trainer having worked with esteemed organizations in corporate, public and academic sectors. His portfolio includes having conducted mandatory promotional trainings of Government Officers at MPDD (Punjab Govt) as well as conducting programs at National Bank of Pakistan (NBP), HBL, LCCI, LTBA, Bahria University (Pak Navy), UET, e.t.c.

He is a regular contributor to various national and international publications like Daily Nation, Daily Times, Express Tribune and Blue Chip magazine.

Mr. Meer is also a life member and third-time serving Chairman Liaison Committee of Lahore Tax Bar Association, Member of Global Taxation Forum (ACCA UK), Member MNP and Chairman of the Taxation Subcommittee of ACCA (Pak), Member Taxation Committee LCCI, Director Millat Thinkers’ Forum, Member Hamdard Thinkers’ Forum and professionally associated with globally reputed organizations like ACCA (UK), CFAI (USA), UKSIP (UK), PRIMA (USA), PRMIA (USA),  MPDD (PAK) & www.mymfb.com

Topics Covered

        I.            What is Money Laundering?

      II.            Sources of Black Money

    III.            Money Laundering – Method

    IV.            Notable Cases of Money Laundering

      V.            Anti – Money Laundering (AML)

    VI.            Effective AML System

  VII.            Acronyms

VIII.            FATCA Regulations (including for Individual/Sole Proprietorship Accounts, Entities
and Change in circumstances of Existing entities) along-with impact on various stakeholders including businesses and individuals

    IX.            Q & A Session

Audience
ACCA Members & Affiliates, other Tax Professionals and professional accountants

When and Where
The event will be conducted only through Webinar.

Date & Time
3
0 September 2016, 03:00pm – 06:00pm

Registration

The participation fee for this webinar is Rs.5,000 and can be paid at all the ACCA Pakistan Offices to the Customer Services representatives.

The fee is fully waived for ACTIVE ACCA Members and Affiliates. 


All Members and Affiliates interested in attending the event should register before 29 September 2016 by filling up the registration form available on the link below.

Click here to register

CPD Units

03 Units

Haroon A Jan
Head of Member Affairs
ACCA Pakistan
61-C  Main Gulberg  Lahore Pakistan

cel: +92 (0)300 8466 322

tel: +92 (0)42 3598 7022
fax: +92 (0)42 3575 9346

Breaking new ground by combining our world leading ACCA Qualification with a Masters…

www.accaglobal.com/msc

 

Formal Launch of My Youtube Channel

Dear Readers and Friends,

Assalam O Alikum! (Peace be on you),

The constant suggestion by many of you to launch a formal Youtube channel covering my key public and/or professional engagements with a dimension of educating and enlightening has been turned into a reality.

It is with pleasure that I announce on this auspicious day of Friday that my team has successfully launched the same. The channel can be accessed at:

There are already some very interesting videos covering some of the key current issues and opportunities such as Immovable Property Taxation Issues, CPEC, Budget Proposals, Finance Act, e.t.c.

We aim to constantly update our channel with valuable knowledge sharing videos. Your feedback and appreciation would be the fuel to keep us going in this effort. I hope you find this useful and wish you all the best in your lives and careers.

Take Care,

Omer

Inaugural session of Think Ahead with ACCA on CPEC – ACCA MNP Elections 2016-18

Salam,

Below is a picture from and video of the historic inaugural session of Think Ahead with ACCA (a TED Talk inspired program) on CPEC with me, resulting in ACCA becoming the pioneer accountancy body to launch such a program.

Mr. Hammad Azim (Head of Marketing, ACCA Pak) hosted the program. It was a phenomenal success generating over 27,000 views in just 2-3 days with extremely positive feed-backs. The technical content was highly appreciated and worked towards capacity building. The focus of this initiative was on expanding the footprint of and creating opportunities for ACCA fraternity.

CPEC

It is my vision and aim to build upon such historic successes for the betterment and professional development of ACCA fraternity.

This can only be possible with your vote and kind support in the ongoing MNP elections. For me, MNP is a platform to increase my positive contributions for ACCA fraternity, the profession and thereby our beloved Pakistan.

Please visit:           My Professional Profile, Achievements for ACCA & Manifesto  to consider me worthy of your valuable vote & kind support.

Thanks in anticipation.

Kind Regards,

Omer Zaheer Meer (ACCA MNP Candidate Sr. No: 23)

omerzaheermeer@hotmail.co.uk

 

Must Read: Malcolm X’s Letter from Makkah

Malcolm KSASource: Malcolm X’s Letter from Makkah (Original post from MyMFB.com)

Malcolm X, or Al-Hajj Malik El-Shabazz, is one Muslim who saw the light of true Islam through his Hajj in April 1964.  As a former member and speaker for the Nation of Islam, a black spiritual and nationalist movement, he believed that the white man was the devil and the black man superior.

After leaving the Nation of Islam in March 1964, he made Hajj, which helped change his perspective on whites and racism completely.

Here is an excerpt of a letter El Hajj Malik El Shabazz wrote a letter to his loyal assistants in Harlem… from his heart, telling them of his experience.  In it, he explains what it was during this blessed journey that made him so profoundly shift his perspective on race and racism.  We should keep in mind that this letter was written in a time when the history of African Americans in America was in making, a time when centuries worth of oppression was being spoken about and condemned in public.

“Never have I witnessed such sincere hospitality and overwhelming spirit of true brotherhood as is practiced by people of all colors and races here in this ancient Holy Land, the home of Abraham, Muhammad and all the other Prophets of the Holy Scriptures.  For the past week, I have been utterly speechless and spellbound by the graciousness I see displayed all around me by people of all colors.

“I have been blessed to visit the Holy City of Mecca, I have made my seven circuits around the Ka’ba, led by a young Mutawaf named Muhammad, I drank water from the well of the Zam Zam.  I ran seven times back and forth between the hills of Mt. Al-Safa and Al Marwah.  I have prayed in the ancient city of Mina, and I have prayed on Mt. Arafat.

“There were tens of thousands of pilgrims, from all over the world.  They were of all colors, from blue-eyed blondes to black-skinned Africans.  But we were all participating in the same ritual, displaying a spirit of unity and brotherhood that my experiences in America had led me to believe never could exist between the white and non-white.

“America needs to understand Islam, because this is the one religion that erases from its society the race problem.  Throughout my travels in the Muslim world, I have met, talked to, and even eaten with people who in America would have been considered white – but the white attitude was removed from their minds by the religion of Islam.  I have never before seen sincere and true brotherhood practiced by all colors together, irrespective of their color.

“You may be shocked by these words coming from me.  But on this pilgrimage, what I have seen, and experienced, has forced me to rearrange much of my thought-patterns previously held, and to toss aside some of my previous conclusions.  This was not too difficult for me.  Despite my firm convictions, I have always been a man who tries to face facts, and to accept the reality of life as new experience and new knowledge unfolds it.  I have always kept an open mind, which is necessary to the flexibility that must go hand in hand with every form of intelligent search for truth.

During the past eleven days here in the Muslim world, I have eaten from the same plate, drunk from the same glass, and slept on the same rug – while praying to the same God – with fellow Muslims, whose eyes were the bluest of blue, whose hair was the blondest of blond, and whose skin was the whitest of white.  And in the words and in the deeds of the white Muslims, I felt the same sincerity that I felt among the black African Muslims of Nigeria, Sudan and Ghana.

“We were truly all the same (brothers) – because their belief in one God had removed the white from their minds, the white from their behavior, and the white from their attitude.

“I could see from this, that perhaps if white Americans could accept the Oneness of God, then perhaps, too, they could accept in reality the Oneness of Man – and cease to measure, and hinder, and harm others in terms of their ‘differences’ in color.

“With racism plaguing America like an incurable cancer, the so-called ‘Christian’ white American heart should be more receptive to a proven solution to such a destructive problem.  Perhaps it could be in time to save America from imminent disaster – the same destruction brought upon Germany by racism that eventually destroyed the Germans themselves.

“Each hour here in the Holy Land enables me to have greater spiritual insights into what is happening in America between black and white.  The American Negro never can be blamed for his racial animosities – he is only reacting to four hundred years of the conscious racism of the American whites.  But as racism leads America up the suicide path, I do believe, from the experiences that I have had with them, that the whites of the younger generation, in the colleges and universities, will see the handwriting on the walls and many of them will turn to the spiritual path of truth – the only way left to America to ward off the disaster that racism inevitably must lead to.

“Never have I been so highly honored.  Never have I been made to feel more humble and unworthy.  Who would believe the blessings that have been heaped upon an American Negro?  A few nights ago, a man who would be called in America a white man, a United Nations diplomat, an ambassador, a companion of kings, gave me his hotel suite, his bed.  Never would I have even thought of dreaming that I would ever be a recipient of such honors – honors that in America would be bestowed upon a King – not a Negro.

“All praise is due to God, the Lord of all the Worlds.”

Malcolm X Thinker

Malcolm X saw and experienced many positive things.  Generosity and openheartedness were qualities which were impressed on him by the welcome which he received in many places.  He saw brotherhood and the brotherhood of different races and this led him to disclaim racism and to say:

“I am not a racist… In the past I permitted myself to be used… to make sweeping indictments of all white people, the entire white race, and these generalizations have caused injuries to some whites who perhaps did not deserve to be hurt.  Because of the spiritual enlightenment which I was blessed to receive as the result of my recent pilgrimage to the Holy City of Mecca, I no longer subscribe to sweeping indictments of any one race.  I am now striving to live the life of a true Sunni Muslim.  I must repeat that I am not a racist nor do I subscribe to the tenets of racism.  I can state in all sincerity that I wish nothing but freedom, justice and equality, life, liberty and the pursuit of happiness for all people.”

source:

From The Autobiography of Malcolm X with assistance from Alex Haley, the author ofRoots.