The Third Protocol to the Avoidance of Double Taxation Agreement between Pakistan and China was signed on December 8, 2016 at a ceremony held here in the FBR Headquarters.
Federal Board of Revenue Chairman Nisar Muhammad and China’s State Administration of Taxation (SAT) Commissioner China Wang Jun signed the third protocol on behalf of Pakistan and China respectively. The signing of the protocol was overseen by Haroon Akhtar Khan, Special Advisor to the Prime Minister on Revenue. Haroon Akhtar, in his address to the participants, shared his experiences in China and appreciated the way China has developed in such a short span of time.
He welcomed the Chinese delegation to FBR and hoped that the two tax authorities would continue mutual cooperation in the area of taxation.
Earlier, in his opening remarks, FBR Chairman Nisar Muhammad welcomed the Chinese delegation to FBR and underscored the significance of the CPEC for the people of both the countries. He emphasized that the tax administrations of both the countries should cooperate in various international commitments like Multilateral Convention on Mutual Administrative Assistance in Tax Matters, Base Erosion and Profit Shifting (BEPS) Framework and other international and OECD initiatives.
