Pakistan today became the 104th signatory to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, the OECD has announced.
Signing the agreement will enable Pakistan to quickly implement automatic exchange of country-by-country reports under Action 13 of the base erosion profit shifting (BEPS) project. It will also allow for exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations, and assistance in tax collection.
The agreement also provides safeguards for the protection of taxpayer rights.
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