ISLAMABAD: A two-member delegation of the Federal Board of Revenue (FBR) has arrived in Kuala Lumpur, Malaysia to attend a two-week long seminar on double taxation treaties.
The treaties are conventions between two countries that aim at eliminating the double taxation of income or gains arising in one territory and paid to residents of another territory. They work by dividing the tax rights each country claims by its domestic laws over the same income and gains. Over 1,300 Double Taxation Conventions exist world-wide. The UK has one of the largest networks.
The seminar is being organised under the Malaysian Training Cooperation Program (MTCP) with an aim to enhance capacity building of the participants. Malaysian government officially launched MTCP on September 7, 1980 at the Commonwealth Heads of State Meeting in New Delhi to signify Malaysia’s commitment to South-South Cooperation, in particular to share its development experiences and expertise with other developing countries. The objectives of the program were to share development experience with other countries, to strengthen bilateral relations between Malaysia and other developing countries, to promote South-South Cooperation (SSC) and to promote technical cooperation among developing countries.
“The participants of the seminar would exchange expertise and experiences with each other to enhance their working and professional capacity,” a source at FBR told this scribe. The FBR delegation comprised of Grade-18 officials Tariq Iqbal and Sajida Kausar.
