Curtin Law School’s Post

Two Uzbekistan professional bodies and the world’s leading accountancy body are working together to improve accountancy services for the country. ACCA (the Association of Chartered Certified Accountants), the Chamber of Auditors for Uzbekistan (COA) and the National Association of Accountants and Auditors of Uzbekistan (NAAAU) have signed a deal to work together. The memorandum of understanding (MOU) promotes co-operation between the three parties, advances the interests of the members of the three bodies and promotes the accountancy and audit professions in the central Asian country. The MOU – which initially runs for three years – will promote international standards in accounting and auditing. Zhanna Iskenova, head of ACCA Central Asia, said: ‘By sharing its global experience ACCA is looking forward to supporting the COA and the NAAAU achieve their objectives of developing locally recognised national accounting and audit qualifications that meet the highest professional standards and appropriate regulatory requirements.’ Read more here: https://lnkd.in/gsevTi_7 #ISDCPro #ACCA #ACCAGlobal #global #accanews #accountants #auditors

📢 Calling all professional accountants! 📊 It's time to step up for active citizenry and the professionalisation of the public sector, especially when it comes to municipal budgets. With 257 municipalities across the country adopting a whopping expenditure budget of R592.7 billion for the 2023/24 financial year, the stakes are high for effective and transparent allocation of resources. Now, as municipalities roll out their draft budgets for the 2024/25 financial year, it's our duty as professional accountants to dive in and make our voices heard. The draft budgets are now available on the websites of the respective municipalities and each resident has the opportunity to provide inputs on these budgets before they are finalised. We have a crucial role to play in ensuring that these funds are allocated effectively for the betterment of our communities. Professional Accountancy Organizations should rally their members to actively engage in this process. We need to scrutinize the budgets of the municipalities where we reside and provide valuable insights on how these funds can be best utilised to enhance service delivery outcomes. One critical question to ponder is: What percentage of the budget is allocated towards investment in critical infrastructure and its maintenance? Infrastructure forms the backbone of any thriving community, and it's essential that a significant portion of the budget is dedicated to its development and upkeep. By asking this question and advocating for adequate investment in infrastructure, we can contribute to the long-term sustainability and growth of our municipalities. Let's seize this opportunity to make a difference in our communities by leveraging our expertise as professional accountants. #Accountability #PublicSector #PublicSectorProfessionalisation #BudgetTransparency 🏛💼💡SAICA ACCA CIMA SAIPA - South African Institute of Professional Accountants - CIBA - Chartered Business Accountants - SAIGA - The Southern African Institute of Government Auditors PSAAA - Public Sector Accountancy and Audit Academy -

This is how we will build sustainable municipalities, coupled with intensifying and institutionalizing accountability. #Accountability #PublicSector #PublicSectorProfessionalisation #BudgetTransparency #ActiveCitizenry

Yesterday, Jilna Shah, Tax Director, and Samuel Maina, Transfer Pricing Manager at RSM Eastern Africa in collaboration with Kenya Private Sector Alliance (KEPSA), appeared before the National Assembly’s Finance and National Planning Committee to present our submissions on the proposed amendments to Kenya’s Double Tax Treaties (DTAs) under the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The MLI was developed in 2015 as a BEPS Action 15 which calls for the development of comprehensive multi-lateral instruments to modify existing DTAs. Kenya signed the MLI on 26 November 2019 and the Cabinet approved the same on 21 March 2023. Kenya is required to submit a list of Articles in the MLI that it chooses to adopt or not to adopt. RSM and KEPSA appeared to share views on Articles in the MLI that Kenya should or should not adopt. DTAs are vital in helping the two contracting countries eliminate double taxation at the international level. We were glad to be part of this stakeholder engagement which aligns with our commitment to bring tailored ideas and insight to enable our stakeholders to make confident decisions. This is The Power of Being Understood. This is the RSM experience.  Click here to learn more: https://lnkd.in/gK67xJEJ #RSMEAat20 #RSM #RSMEA #PowerOfBeingUnderstood #TakeChargeofChange 

Join EY in South Sudan to learn more about the business environment and tax system

Calling Indonesian Accountants!! Join webinar on The Future Landscape of Accounting Profession. This session is presented by CPA Australia IDP Education South East Asia (SEA) #lifeatidp #idp #accountant #webinar

Myths of Landing a Job in Accountancy & Finance! 💼🧐 Let's debunk the biggest myths of breaking into the accountancy and finance world. 🚀🔍 Want the real deal? Check out "The Inside Story of Accountancy & Finance Thailand" for expert insights here: https://lnkd.in/efryB5NH #MythBusters #FinanceFacts #HaysThailand #TheInsideStory #CareerTruths

News: FG approves new structure for FIRS The Federal Government has approved a new organisational structure for the Federal Inland Revenue Service to boost its operations. The agency made this known on Monday in a statement signed by the Special Adviser Media to the Executive Chairman, FIRS, Dare Adekanmbi. It stated that it would be undergoing a major reorganisation. He stated that the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, will unveil the new structure during a two-day strategic management meeting of the FIRS in Abuja. According to Adekanmbi, the aim of the meeting is to ensure that all directors are fully informed and aligned with the strategic direction of the agency. He noted, “The retreat will also engage with external stakeholders in government, professional bodies, and the organised private sector to discuss the renewed and refocused strategy of the FIRS.” The theme of the retreat is “Reimagining Tax Administration for Equity and Economic Growth”. Adekanmbi added, “The Chairman of the FIRS, Zacch Adedeji, has been spearheading a radical transformation in the values of the agency since assuming office. His vision is to make the FIRS more taxpayer-centric and a well-suited revenue-collecting agency.” Meanwhile, FIRS has revealed plans to significantly increase its tax revenue collection by 57 per cent to N19.4tn. President Bola Tinubu had initiated reforms aimed at increasing revenues accruing to the government’s coffers in order to fund the infrastructural needs of the country #firs #new #structure #rearrangement #taxman #nigeria #taxexperts #consultant

[ARTICLE 🔔] We are excited to share key insights from the recent ATI webinar, where speakers explored the transformative role of Supreme Audit Institutions #SAIs in advancing the Sustainable Development Goals through #tax systems, due to their mandate to audit public revenue and expenditures 👉 https://lnkd.in/djDeiWYg The webinar highlighted SAIs' role in ensuring #transparency, efficiency, and #accountability in tax matters, shedding light on their impact on revenue administration, revenue generation, and fiscal #sustainability ♻ 📊 💡 Key takeaways include the introduction of the Public Financial Management Reporting Framework #PFMRF, a powerful tool by AFROSAI-E for assessing PFM along the budget cycle, and real-world experiences from #Kenya's Office of the Auditor-General, Kenya and #Brazil's Tribunal de Contas da União showcasing the vital role SAIs play in identifying deficiencies, ensuring oversight, and fostering collaboration. The bottom line? SAIs are indispensable stakeholders in financing the #SDGs, making significant contributions to global development objectives 🌎 #efficiency #sustainabledevelopment #fiscalgovernance #AddisTaxInitiative #ATI

𝐒𝐭𝐚𝐲 𝐮𝐩𝐝𝐚𝐭𝐞𝐝 𝐨𝐧 𝐭𝐚𝐱𝐞𝐬 𝐞𝐯𝐞𝐫𝐲 𝐒𝐮𝐧𝐝𝐚𝐲 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 #𝐒𝐔𝐍𝐃𝐀𝐘𝐓𝐀𝐗𝐔𝐏𝐃𝐀𝐓𝐄 Related party disclosures are more than just numbers on paper. They're crucial for ensuring tax compliance, preventing profit shifting, and fostering financial transparency. Here's why they matter in Oman: 1️⃣ Transfer Pricing Compliance: Keep your transactions at arm's length to meet Oman's transfer pricing regulations. We can help you disclose these transactions accurately. 2️⃣ Income Adjustments: Avoid surprises by accurately reporting related party transactions. We'll guide you to ensure your reported income aligns with economic reality. 3️⃣ Thin Capitalization Rules: Navigate Oman's thin capitalization rules smoothly with proper disclosure of related party debt. We'll assist in assessing compliance and optimizing tax outcomes. 4️⃣ Avoiding Double Taxation: Let's ensure your related party transactions are structured to prevent double taxation across jurisdictions, benefiting from international tax treaties. 5️⃣ Compliance and Transparency: Build trust with stakeholders through transparent financial reporting. Our expertise ensures compliance while showcasing integrity. At Crowe Oman, we're here to make your related party disclosures a breeze! Reach out to us today to learn more. 💼 Anthony Kallukaran Aastha Rangan (Director - Indirect Tax Advisory) Ramya Annadurai #TaxCompliance #FinancialTransparency #CroweOman #crowe #oman #muscat #sohar #salalah #GCC #middleeast #VAT #tax #news #update #alert