On 24 June 2016, Pakistani President Mamnoon Hussain signed into law Finance Act for 2016/17, which includes a number of measures of the 2016/2017 Budget ({News-2016-06-06/P/4- previous coverage}). One of the major changes is the introduction of three-tiered documentation requirements based on Action 13 of the OECD BEPS Project.

Although details in the Finance Act are limited, the requirements…