{"id":49656,"date":"2019-02-21T16:50:51","date_gmt":"2019-02-21T11:50:51","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=49656"},"modified":"2019-02-21T16:50:51","modified_gmt":"2019-02-21T11:50:51","slug":"directorate-general-of-international-taxes-on-the-cards","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/directorate-general-of-international-taxes-on-the-cards.html","title":{"rendered":"Directorate General of International Taxes on the cards"},"content":{"rendered":"<p>Islamabad: The federal government has decided to establish a Directorate General of International Taxes in place of the transfer pricing directorate \u2013 a news source reported.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/switzerland-to-share-details-of-pakistanis-with-offshore-assets.html\">FBR amends Pak-Swiss Dual Taxation Treaty<\/a><\/p>\n<p>This directorate will be introduced after the approval of the Second Supplementary Finance Bill 2019 by the parliament. It is expected to be set up by June.<\/p>\n<p>The new authority will scrutinise master files and other records of multinational companies &amp; enterprises whose turnover falls in excess of PKR 100 million. It will also introduce measures to track down tax evaders owning properties and assets abroad.<\/p>\n<p>The Federal Board of Revenue (FBR) previously made it mandatory for multinational organisations to submit their master files and other relevant records.<\/p>\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/tax-collection-pm-stresses-use-of-modern-methods.html\">PM stresses use of modern method for tax collection<\/a><\/p>\n<p>In a similar effort, Pakistan has sought assistance from 10 more countries under a framework mechanism devised by the Organisation for Economic Cooperation and Development (OECD).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government has decided to establish a Directorate General of International Taxes in place of the transfer pricing directorate \u2013 a news source reported. Read:\u00a0FBR amends Pak-Swiss Dual Taxation Treaty This directorate will be introduced after the approval of the Second Supplementary Finance Bill 2019 by the parliament. It is expected to be set up by June. The new authority will scrutinise master files and other records of multinational companies &amp; enterprises whose turnover falls in excess of PKR 100 million. It will also introduce measures to track down tax evaders owning properties and assets abroad. The Federal Board of Revenue (FBR) previously made it mandatory for multinational organisations to submit their master files and other relevant records. Read: PM stresses use of modern method for tax collection In a similar effort, Pakistan has sought assistance from 10 more countries under a framework mechanism devised by the Organisation for Economic Cooperation and Development (OECD).<\/p>\n","protected":false},"author":67,"featured_media":34287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[10603],"persona":[],"class_list":{"0":"post-49656","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-directorate-general-of-international-taxes-on-the-cards"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Directorate General of International Taxes on the cards - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government has decided to establish a Directorate General of International Taxes in place of the transfer pricing directorate \u2013 a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/directorate-general-of-international-taxes-on-the-cards.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Directorate General of International Taxes on the cards - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government has decided to establish a Directorate General of International Taxes in place of the transfer pricing directorate \u2013 a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/directorate-general-of-international-taxes-on-the-cards.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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