Delegation of the Global Forum on Transparency and Exchange of Information for Tax purposes visits Islamabad for Phase-II Peer Review.
A three member delegation of the Global Forum on Transparency and Exchange of Information for Tax purposes visited Pakistan on 8- 9 March, 2015 for Phase-II Peer Review on-site visit. The delegation consisted of following members:
i. Mr. Radovan Zidek,
Global Forum Representative,
ii. Mr. Abdulmohsen Nasser Alsuhayl,
Department of Zakat and Income Tax
Ministry of Finance, Saudi Arabia
iii. Mr Paul Metcalfe,
HM Revenue and Customs, the United Kingdom
On 8th March, a detailed meeting was held which was presided over by Mr. Rehmatullah Khan Wazir Member (IR Policy) and other members of Pakistan delegation consisting of Mr. Mohammad Iqbal Chief (International Taxes), Mr Girdhari Mal, Secretary (Transfer Pricing) and Mr. Tariq Iqbal Secretary (Exchange of Information). In his opening remarks, Mr. Rehmatullah Khan Wazir welcomed the delegation and reaffirmed Pakistan commitment to exchange of information for mutual benefit. Mr. Tariq Iqbal made a brief presentation regarding working of FBR, particularly the Inland Revenue and on the Exchange of Information. Mr. Radovan made a detailed presentation on the activities of Global Forum. Theses presentations were followed by question answer session. Mr. Muhammad Iqbal and other members of Pakistan delegation responded to the questions in detail.
On 9th March, the delegation visited SECP and representatives of State Bank of Pakistan and FMU (Financial Monitoring Unit) also participated in the meeting. Issues pertaining to registration of companies and Anti Money Laundering (AML) were discussed in detail. The delegation also visited the local registration office of SECP and observed the registration process. On return to FBR, the delegation visited the EOI Resource Centre and also examined the recently developed e.portal of EOI. It was followed by a concluding session and the delegation was given shields and souvenirs by the Member (IR Policy).