Pakistan releases more draft amendments to country-by-country reporting rules for MNEs

Pakistan’s government on February 9 published more amendments to draft rules that establish transfer pricing documentation and country-by-country reporting rules for large multinational firms.

Federal Board of Revenue’s draft follow changes made to the rules on January 31.

The latest draft revisions include a clarification that a “constituent entity” for purposes of the country-by-country reporting rules includes a permanent establishment in Pakistan of a nonresident person. Also, the words “entity” and “related party” are clarified.


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