ISLAMABAD – The Federal Board of Revenue (FBR) on Thursday signed a Memorandum of Understanding (MoU) with Her Majesty’s Revenue and Customs (HMRC).
British High Commissioner Philip Barton and Finance Minister Ishaq Dar also witnessed the signing ceremony. As per MoU, the UK will provide technical assistance to the FBR over the next three years to help build its capacity and improve tax collection to support economic integration, stability and growth. This technical assistance – supported by the UK’s Department for International Development (DFID) – will be provided by HMRC.
The FBR and HMRC will work together to help Pakistan achieve its tax targets by helping to develop skills, knowledge and other resources essential for improving its performance in tax collection. The HMRC will also advise the FBR on innovative solutions and measures to improve tax enforcement and reduce opportunities for tax evasion. Specific areas of assistance include off-shore taxation, strategic communications and the use of information technology – particularly forecasting and analysing available information and assessing risk.
