Committee to study Fiscal regimes and other statutory requirements of business 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 (chairman)CA. Yuddha Raj Oli
2ICA BangladeshMr. Md. Yasin Miah
3ICMA BangladeshMr. Md. Maksudur Rahman
4ICA IndiaCA. Prakash Sharma
4 Institute of Cost Accountants of India CMA Harshad Shamkant Deshpande
5ICA PakistanM. Ali Latif
6ICMA PakistanMr. Muhammad Kamran Shahzad
7CMA Sri LankaMr. S P Gajendra
8CA Sri LankaMr. Heshana Kuruppu
11ICA MaldivesMr. Mohamed Siraj Muneer

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