Pakistan and Afghanistan on Friday signed an settlement to remove the double taxation coverage for additional enhancing the bilateral and financial ties between the 2 nations.
Double taxation coverage refers back to the imposition of taxes on the identical earnings, belongings or monetary transaction at two totally different factors of time.
The Afghan delegation was led by Director Income Authorized Companies Nida Mohammad Siddiqui, whereas the Pakistani delegation was headed by FBR Director Normal (DG) Worldwide Tax Operations Mr Sajidullah Siddiqui.
The delegations of each the nations got here on a desk for negotiations on the Federal Board of Income (FBR) for the third time.
After an in depth dialogue and trade of views, each events agreed on a consensus to keep away from the double taxation coverage.
The consensus draft was later signed by the heads of each delegations.
FBR Chairman Asim Ahmed mentioned that the pact will additional strengthen the financial relations between each neighboring nations.
