Pakistan to Implement Common Reporting Standard for Exchange of Financial Account Information
The Pakistan Federal Board of Revenue has published Notification S.R.O. 101 (I)/2017 on draft amendments to implement the OECD's Common Reporting Standard (CRS) for the automatic exchange of financial account information. Under CRS, countries collect information on financial accounts of non-resident's and exchange that information with the respective countries that have also adopted the standa…
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