Pakistan, UK sign MoU for cooperation in taxation, revenue collection

BusinessPakistan, UK sign MoU for cooperation in taxation, revenue collection

Pakistan, UK sign MoU for cooperation in taxation, revenue collection

ISLAMABAD: Pakistan and the United Kingdom on Thursday signed a memorandum of understanding (MoU) for exchange of information and cooperation on improvement in taxation and revenue collection.

The Federal Board of Revenue (FBR) Chairman Tariq Bajwa and the Head of the Department for International Development (DFID) in Pakistan Richard Montgomery signed the MoU at a ceremony in Islamabad on Thursday.

The Finance Minister Ishaq Dar and British High Commissioner Phillip Barton also attended the ceremony.

Under the MoU, the UK will provide technical assistance to the FBR over the next three years to help build its capacity and improve tax collection.

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