PAKISTAN has become
the 104th jurisdiction to join the most powerful multilateral instrument
against offshore tax evasion and avoidance.
Yesterday, at the OECD Headquarters in Paris, Senator Mohammad Ishaq
Dar, Minister of Finance of Pakistan, signed the Multilateral Convention
on Mutual Administrative Assistance in Tax Matters in the presence of OECD
Secretary-General Angel Gurría, therewith becoming the 104th jurisdiction
to join the Convention.
The Convention is the most powerful instrument for international tax cooperation.
It provides for all forms of administrative assistance in tax matters: exchange
of information on request, spontaneous exchange, automatic exchange, tax examinations
abroad, simultaneous tax examinations and assistance in tax collection. It guarantees
extensive safeguards for the protection of taxpayers’ rights.
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