ISLAMABAD: The federal government has decided to link Federal Board of Revenue (FBR) with Chinese state tax department under the newly-introduced Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM).
The Chinese government has come up with the idea of BRITACOM to build interdepartmental relations with tax authorities of different countries.
In this connection, Pakistani Ambassador to China Masood Khalid has sent a letter to Ministry of Foreign Affairs special secretary for Asia Pacific region and director general for China, says a document of which copy is available with The Express Tribune. The dispatch also refers to the letter sent on May 2nd to the ministry concerned.
In the letter, envoy Khalid has stated that China had recently introduced the BRITACOM to establish interdepartmental linkages between State Tax Department of People’s Republic of China and tax authorities of different countries.
As there is no such measures or pact between Pakistan and China, he said the Pakistani embassy in China under the established mechanism wants to associate the Pakistani tax department with Chinese tax department. It also stressed the need for assessing the probability of establishing interdepartmental relations.
The embassy said that for linking the FBR with the Chinese tax authorities on interdepartmental basis, an official letter should be sent to China so that the matter can proceed forward.
Moreover, in the letter, the foreign office has been asked to seek remarks and answers from FBR for a framework on building interdepartmental relations with Chinese tax department.
(This news/article originally appeared in The Express Tribune on June 10th, 2019)