Pakistan, Afghanistan sign draft convention to avoid double taxation

ISLAMABAD: Pakistan and Afghanistan have signed a draft convention for the avoidance of double taxation.

The delegations of Pakistan and Afghanistan met at the Federal Board of Revenue (FBR) House, Islamabad from Feb 1st -3rd for the third round of negotiations on the Convention for the Avoidance of Double Taxation between Pakistan and Afghanistan.

The Afghan delegation was headed by Nida Muhammad Seddiqi, Revenue Legal Services Director, while Sajidullah Siddiqui, Director General, Directorate General of International Tax Operations, FBR headed the Pakistan side. Both the delegations thoroughly deliberated over all the outstanding issues identified during the second round of negotiations held in Islamabad from December 27-30, 2021.

The negotiations were conducted in a friendly atmosphere where both sides presented their respective viewpoints. After a detailed discussion, the two sides agreed on a consensus draft of the Convention for the Avoidance of Double Taxation between Pakistan and Afghanistan. The agreed draft was initialled by the heads of the two delegations. In the concluding ceremony, Chairman FBR Asim Ahmad thanked the Afghan delegation for visiting Pakistan and expressed optimism that the convention will further strengthen economic relations between the two brotherly countries.