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May 10, 2022

IMF Tax Demands & FBR Agenda – Dual Taxation Treaties and MNCs Practices – Imports – APTTA

1.      IMF WILL LINK RELEASE OF FUNDS TO INCREASE IN INCOME TAXES, SUBSIDY 
REMOVAL: TALKS BETWEEN PAKISTAN AND IMF ON STALLED EXTENDED FUND 
FACILITY LIKELY TO BE HELD FROM MAY 18

2.      TECH-LEVEL PARLEYS WITH IMF: FBR YET TO RECEIVE SCHEDULE, AGENDAS

3.      PREVENTION OF BASE EROSION, PROFIT-SHIFTING BY MNCs: DUAL TAXATION 
TREATIES AS MODIFIED BY MLI INKED WITH 28 STATES

4.      IMPORTERS MUST PLACE INVOICES, PACKING LISTS INSIDE CONTAINERS: FBR

5.      IMPORTERS, EXPORTERS: FBR WILL BE BOUND TO DECIDE DISPUTES WITHIN 120 
DAYS OF ADRC RECOMMENDATIONS

6.      APTTA LIKELY TO GET ANOTHER 6-MONTH EXTENSION

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