Pakistan and China to cooperate within the taxation domain

[Zibago]

Pakistan and China to cooperate within the taxation domain
Category : Latest News Source : Business Recorder Date : 31-07-2019

Pakistan and China will soon sign a Memorandum of understanding (MoU), on cooperation between Federal Board of Revenue(FBR) and China’s State Administration of Taxation. According to the Chairman FBR, Syed Muhammad Shabbar Zaidi, the MoU will extend a great opportunity to Pakistan and China to learn from each other’s experiences. He further added that the MoU will advance the optimal tax practices which will stimulate economic growth by attracting trade and investment.




Pakistan and China to cooperate within the taxation domain
Chairman Federal Board of Revenue (FBR) Syed Muhammad Shabbar Zaidi has said that the Pakistan and China will sign a memorandum of understanding (MoU) on cooperation between FBR and China's State administration of taxation for sharing best international practices within the area of taxation and learn from each other's taxation policies and practices.

Talking to Business Recorder here on Monday, Shabbar Zaidi said that the purpose of the MoU is to share tax related data and promote improvement in trade and investment in both countries. After signing of the MoU, the formal agreement would be inked between the two countries, which would be landmark achievement within the domain of taxation between the two countries, he added.

According to an announcement of the FBR here on Monday, Chairman Federal Board of Revenue Syed Muhammad Shabbar Zaidi has sent the draft memorandum of understanding (MoU) on cooperation between FBR and China's State Administration of Taxation. The draft MoU has been sent through a letter addressed to Pakistan's Ambassador in China Ms. Naghmana A. Hashmi.

In this regard, Pakistan's Ambassador in China has been authorized to sign the MoU on behalf of FBR. The Chairman FBR in his letter has stated that the signing of the MoU will enable the Taxation Authorities of both the countries to share data and learn from each other's best practices. The MoU will promote improvement in trade and investment in both countries.
http://www.cpecinfo.com/news/pakistan-and-china-to-cooperate-within-the-taxation-domain/NzQ1Mw==

 

[Baz]

Even though its better in one way, I think we are relying too much on China and getting them way too much involved.

Thoughts?

 

[Indus Pakistan]

Thoughts?

We are junior ally of China. South Korea is junior ally of USA. They have US Army, US Navy, US Air Force trampling all over, everything in South Korea has US influence. SK follows US like a poodle on chains. Now I am not saying we should do same as them but how well is South Korea doing? And how bankrupt/poverty/underdeveloped/crime ridden are we?

 

[Code_Geass]

We have been rolled over by us so many times we are afraid china will do the same

Even though its better in one way, I think we are relying too much on China and getting them way too much involved.

Thoughts?