Issues and challenges of tax collection.

Byline: Khalil Ahmed

Interview with Mr Ashfaq Yousuf Tola - President, Tola Associates

Profile:

Professional Accomplishments

Memberships:

* Fellow Member of Institute of Chartered Accountants of Pakistan

* Fellow Member of the Institute of Cost and Management Accountants of Pakistan

* Life Member of Karachi Press Club

* Life Member of SAARC Chamber of Commerce and Industry

* Member of Karachi Tax Bar Association.

Key Achievements:

* Presentation to IMF on Single Stage Sales Tax in December 2015

* Visited Turkey as an official of Government of Pakistan to study Turkish Tax System and authored a report on Turkish Taxation System

* Knowledge of more than 40 Jurisdictions around the Globe and co-authored report with Dr. Hafeez Pasha on Sindh Provincial Taxation System

* International Speaker on Pakistan Economy and Non-Resident Taxation in 2018 and 2019 at Dubai, Abu Dhabi and Jeddah

* Distinction of passing CA Examinations - Intermediate and Final (both groups together in 1st attempt) as trainee of PWC A. F. Ferguson and Co., Chartered Accountants

Areas of Expertise:

* Tax Planning and Advisory

* Business Advisory Services

* International Mergers and Acquisitions

* Corporate Finance and Investment Advisory

* Due diligence and Forensic audits

* Financial Product Designing and Launching

* Public Listings and Corporate Affairs

Key Positions:

* Member Board - Privatization Commission, Government of Pakistan (Present)

* Chairman - Sub-Committee on Taxation for promotion of Islamic Banking Ministry of Finance, GOP (2017)

Federal Board of Revenue, Government of Pakistan:

* Chairman Anomaly Committee (2019)

* Member Tax Reforms Implementation Commission (2016 to date)

* Member Tax Reforms Commission (2015)

* Member Tax Advisory Council (2014-15)

* Member Taxation Reforms Co-ordination Group (2011-13)

* Member Revenue Advisory Council (2011)

Institute of Chartered Accountants of Pakistan:

* Vice President (Present)

* Member Council (Present)

* Chairman - Fiscal Laws Committee (Taxation) (Present)

* Chairman - Anti Money Laundering Committee (Present)

* Chairman - CA Joint Committee (Present)

* Member Investigation Committee (Present)

* Member Examination Committee (Present)

* Member Public Sector Committee (Present)

* Member Overseas Coordination Committee (2018)

* Member Regional Committee - (Southern Region) (1993-96)

* Secretary of Regional Committee - (Southern Region) (1996)

* Member Education and Training Committee - (1994-95, 1995-96, 1096-97)

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