ISLAMABAD – Swiss cabinet on Tuesday authenticated the information sharing agreement with Pakistan.
According to a notification issued by the Federal board of Revenue (FBR), the FBR has amended Article 25 (exchange of information) to access banking/financial information.
In respect of Article 25, the exchange of information will be applicable for information concerning facts that relate to any fiscal year beginning on or after the first day of January of the year next following the date of signature of the Convention.
Under the revised convention, the provisions of the said Convention shall come into force from November 29, 2018 and shall have effect in Pakistan for any fiscal year beginning on or after July 01 of the Calendar year next following that of the entry into force of the Convention.
