ISLAMABAD: Chairman Federal Board of Income (FBR) Syed Muhammad Shabbar Zaidi has despatched the draft Memorandum of Understanding (MoU) on cooperation between FBR and China’s State Administration of Taxation with a purpose to share taxation information between each the international locations.
The draft MoU has been despatched by means of a letter addressed to Pakistan’s Ambassador in China Ms. Naghmana A Hashmi, stated a press launch issued by FBR right here on Monday.
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On this regard, Pakistan’s Ambassador in China has been approved to signal the MoU on behalf of FBR. The Chairman FBR in his letter has said that the signing of the MoU will allow the Taxation Authorities of each the international locations to share information and study from one another’s finest practices.
The MoU will promote enchancment in commerce and funding in each international locations.