|
Facilitation & Taxpayer Education (FATE) Wing FEDERAL BOARD OF REVENUE ******* |
FOR IMMEDIATE RELEASE |
Islamabad: February 28, 2011
PRESS RELEASE
Pakistan, Venezuela agree to negotiate avoidance of double taxation treaty
Pakistan and Venezuela have agreed to hold negotiation on a treaty for avoidance of double taxation applicable to trade, commerce and services between the two states.
The agreement was reached at a meeting between the FBR officials and the Ambassador of Venezuela to Iran, concurrently accredited to Pakistan, His Excellency Mr. David Valesquez Caraballo, who visited the Federal Board of Revenue (HQs), Islamabad with a two-member delegation here Monday.
The two sides discussed the friendly relations existing between the two States and in particular the modalities for negotiating the Agreement on Avoidance of Double Taxation. The Cabinet had approved initiation of negotiations for Agreement on Avoidance of Double Taxation with Venezuela in the year 2008. The process for initiation of negotiations has already commenced with exchange of the Model Drafts on Avoidance of Double Taxation by the two States.
The two sides were of the view that the proposed Agreement would not only provide safeguards against double taxation of income of the residents of the two States, but also promote economic cooperation, investment and further strengthen the existing economic relations. They expressed their confidence that the volume of trade between the two States, which stood at about $ 13 million for the preceding financial year, would get a strong boost after the Agreement comes into force.
Earlier, the visiting delegates were welcomed by Mr. Khawar Khurshid Butt, Member (Inland Revenue), FBR and his International Taxes team. The Member thanked the Ambassador of Venezuela for his keen interest in promoting Pakistan-Venezuela economic ties, which was reflected in his visit to FBR.
The Ambassador of Venezuela thanked FBR for the warm welcome and expressed the hope that the agreement will be a significant step in moving towards closer economic cooperation between Venezuela and Pakistan.
Caption for the picture attached
Mr. Khawar Khurshid Butt, Member (Inland Revenue), FBR presents a shield to Venezuela Ambassador Mr. David Valesquez Caraballo who visited FBR House Monday to hold negotiation on a treaty for avoidance of double taxation between the two countries.
For further queries, contact
--Hamid Raza Wattoo
Secretary PR
Federal Board of Revenue (FBR)
Islamabad
+92 051 920 8407
+92 333 5023333
http://www.fbr.gov.pk/
I. If you want to receive individual emails
II. Receive one mail with all activity in it
III. Do not want to receive any mail at all
Regards,
Tariq Khattak, Group Manager,
GSM = 0300-9599007 and 0333-9599007
+92-300-9599007 and +92-333-9599007
Tariqgulkhattak@gmail.com
Tariqgulkhattak@hotmail.com
REQUESTS:
1)Please directly contact sender for personal/individual correspondence.
2)Try to discuss issues that will catch attention of many readers.
3)Please avoid sending messages in any language other than English
4)Avoid sending messages addressed to many recipients.
5)Do not send messages aimed at personal publicity.
6)Please do not send personal/other links unless necessary.
7)The Group is not obliged to publish printed news,
very short/long comments and objectionable material.
8)Every mail cannot be published; it will overload Mailboxes
of our valued members.
9)Try to Disagree Without Being Disagreeable, Unsympathetic and/or Unpleasant.
x==x==x==x==x==x
Please note that,
It is a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum; everyone is allowed to share anything. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. (Nor can print and electronic media). If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Thanks a lot.
0 comments:
Post a Comment
Gujranwalafun@Aol.com
Gujranwala@windiowslive.com