ISLAMABAD: Pakistan and Afghanistan have mutually agreed on the initial draft of the convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Both the countries agreed on the draft during the first round of negotiations held in Federal Board of Revenue headquarter Islamabad. The Pakistan delegation was headed by International Taxes Chief Mohammad Iqbal, and included SA to FBR Chairman Malik Amjed Zubair Tiwana, TT&C Secretary Sajida Kausar, and SPR&S Secretary Khalid Jameel.
The Afghan delegation was headed by Revenue Director General Mujeeb ur Rahman Shirzad, and included Afghanistan Revenue Department’s Legal Services and Policy Director Abdul Wali Noori and International Tax Policy Director Nekmatullah Khostwal.
The inaugural session was presided over by Member (Inland Revenue Policy) Rehmatullah Khan Wazir, who welcomed the delegates from Afghanistan and hoped that the proposed tax treaty between the two countries will foster economic relationships and contribute to the development of both the countries.
The negotiations were conducted in a shared spirit of friendship and mutual understanding and the two delegations reached agreement on most of the provisions of the convention. The remaining issues will be discussed in the second round of negotiations.
The agreed draft has been initiated by the heads of the delegations and any disputed issues would be mutually resolved in the second round of negotiations.
