October 6, 2022 (MLN): The Federal Board of Revenue (FBR) and His Majesty’s Revenue and Customs (HRMC) of the United Kingdom of Great Britain and Northern Ireland (HMRC) signed an MoU to work together on capacity-building programmes to assist Pakistan in achieving its tax reforms agenda, a press release showed here on Thursday.
The FBR and HMRC are partnering to work towards two strategic tax reform objectives-data utilization and processes for international tax components and improved institutional capacity to implement strategic plans and reform agenda in areas that include, but are not limited to compliance risk management, AML functions, Information and Data. FBR is also collaborating with HMRC & OECD under the initiative of Tax Inspectors Without Borders (TIWB) for capacity building of FBR officers.
Under this initiative, HMRC experts will deliver training to FBR officers in the areas of tax/financial investigations involving tax fraud, money laundering, and prosecution.
