Committee to study Fiscal regimes and other statutory requirements of buisness in SAARC countries

Short-term Plans

  • Identify the number of significant fiscal, exchange laws and custom tariff in each country and disseminate information for the benefit of members.
  • Identify special legislation enacted in member countries e.g. transfer pricing, group taxation, thin capitalization etc. for information purposes.
  • Conduct a preliminary study of the fiscal laws and identify the ones which may beharmonized with ease e.g. VAT and Excise duties etc.

Medium-term Plans

  • Set the goals for harmonization of fiscal laws in SAARC region in the light of experienceof European Union, African and Arab countries in this area.
  • Identify areas for harmonization of direct taxation laws e.g. Mergers, Transfer Pricing, transfer of assets and exchange of shares, payments for interest, royalty and fee for technical services, Parent-Subsidiary and Head-Office- Branch relationships, Double taxation treaties etc.
Long-term Plans
  • Recommend the steps for harmonization of specific fiscal and exchange laws in the light of aforesaid deliberations.
  • Ultimately assist the governments in formulating multilateral tax treaties amongst the SAARC countries

Committee Members

Sl.No.Member BodyMember
1ICA Nepal (chairmanCA. Bishnu Prasad Bhandari
2ICA BangladeshMr. Mohammed Forkan Uddin FCA
3ICMA BangladeshKazi Muhammad Ziauddin
4ICA IndiaCA. Tarun Ghia
4ICA India (erstwhile ICWAI)CMA V. Murali
5ICA PakistanMr. Ashfaq Yousuf Tola
6ICMA PakistanMs. Sumaira K. Aslam       
7CMA Sri LankaMr. M B Ismail
8CA Sri LankaMr. Heshana Kuruppu
11CPA AfghanistanMr. Naqibullah Laraway

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