Pakistan’s Federal Board of Revenue (FBR) and His Majesty’s Revenue and Customs (HMRC) of the United Kingdom have signed a memorandum of understanding to support Pakistan’s tax reform agenda.
The agencies will work on using data and improving processes for international tax matters, while strengthening institutional capacity to carry out strategic plans and reforms. The areas include compliance risk management, anti-money laundering functions, information and data.
FBR is also working with HMRC and the Organisation for Economic Co-operation and Development under the Tax Inspectors Without Borders initiative to build the capacity of FBR officers. HMRC experts will train them in tax and financial investigations involving tax fraud and money laundering, as well as prosecution.
