Latest Treaty Updates: Pakistan

Treaty Update: Pakistan - Bulgaria


Pakistan and Bulgaria signed a DTA on April 26, 2017.

Treaty Update: Switzerland - Pakistan


Switzerland and Pakistan are expected to sign a TIEA covering bank account information on March 21, 2017.

Treaty Update: China - Pakistan


A third Protocol to China's double tax agreement with Pakistan was signed on December 8.

Treaty Update: Pakistan - Ireland


The Pakistan-Ireland DTA will be effective from January 1, 2017, according to an update from the Irish Revenue.

Treaty Update: Pakistan - Switzerland


According to preliminary media reports, Pakistan and Switzerland are engaged in negotiations to revise their DTA.

Treaty Update: Belarus - Pakistan


According to preliminary media reports, Belarus Council of the Republic on June 14 ratified the DTA signed with Pakistan.

Treaty Update: Pakistan - Czech Republic


The DTA between Pakistan and the Czech Republic will become effective on July 1, 2016.

Treaty Update: Bahrain - Pakistan


Bahrain and Pakistan signed a DTA on December 22.

Treaty Update: Ireland - Pakistan


Ireland's tax authority has confirmed that a new DTA was signed with Pakistan on April 16, 2015.

Treaty Update: Pakistan - Austria


Pakistan and Austria signed an additional Protocol to amend their DTA on March 17, 2015.

Treaty Update: Bahrain - Pakistan


According to preliminary media reports, Bahrain and Pakistan signed a protocol to amend the 2005 DTA between the two countries on January 7, 2015.

Treaty Update: Pakistan - Switzerland


According to preliminary media reports, Pakistan and Switzerland are expected to hold talks towards the negotiation of a DTA over three days starting on August 26, 2014.

Treaty Update: Pakistan - Moldova


Pakistan's Cabinet on May 15, 2014, approved a DTA with Moldova.

Treaty Update: Pakistan - Switzerland


According to preliminary media reports, Pakistan and Switzerland will begin negotiations on revising their DTA on August 26, 2014.

Treaty Update: Czech Republic - Pakistan


The Czech Republic and Pakistan on May 2, 2014, signed a DTA.

Treaty Update: Pakistan - Switzerland


According to preliminary media reports, Pakistan is to seek to renegotiate its DTA with Switzerland.

Treaty Update: Pakistan - Afghanistan


According to preliminary media reports, Pakistan and Afghanistan held two days of negotiations towards a DTA on February 23-24, 2014.

Treaty Update: Pakistan - Afghanistan


According to preliminary media reports, Pakistan and Afghanistan will hold another round of negotiations towards the signing of a DTA over two days concluding on February 23, 2014.

Treaty Update: Pakistan - Austria


Pakistan's Cabinet on January 20, 2014, approved a law to ratify the DTA Protocol signed with Austria.

Treaty Update: Pakistan - Austria


Pakistan's Cabinet on January 20, 2014, approved the DTA Protocol signed between Pakistan and Austria.

Treaty Update: Pakistan - Switzerland


Pakistan's Cabinet on September 20, 2013, approved the launch of negotiations with Switzerland towards a DTA Protocol to amend their existing agreement to add tax information exchange provisions.

Treaty Update: Pakistan - Czech Republic


Pakistan's Cabinet on August 29, 2013, approved the signing of a draft DTA between the nation and the Czech Republic.

Treaty Update: Afghanistan - Pakistan


Afghanistan and Pakistan agreed to launch negotiations towards a DTA at meetings on August 25, 2013.

Treaty Update: Czech Republic - Pakistan


According to preliminary media reports, the Czech Republic and Pakistan initialled a DTA on October 19, 2012.

Treaty Update: Moldova - Pakistan


According to preliminary media reports, negotiators from Moldova and Pakistan held three days of meetings which concluded on September 27, 2012, to discuss the signing of a double tax agreement.

Treaty Update: Pakistan - Seychelles


According to preliminary media reports, Pakistan's Cabinet approved the signing of a draft DTA between Pakistan and Seychelles on May 23, 2012.

Treaty Update: Pakistan - Argentina


Pakistan's Cabinet has given its approval for the commencement of negotiations between Pakistan and Argentina towards a DTA.

Treaty Update: Senegal - Pakistan


According to Pakistan's Federal Board of Revenue, Senegal and Pakistan concluded the first round of negotiations towards a DTA on January 26, 2012.

Treaty Update: Spain - Pakistan


The DTA was signed on June 2, 2010, and was gazetted in Spain on May 16, 2011. In Spain, the DTA applies to income tax, corporation tax and income tax on non residents. In Pakistan, the DTA applies to income tax. The DTA provides permanent establishment, business profit, resident, immovable property rules, and for the elimination of double taxation and the exchange of information. Dividends are taxed at: 0% where the beneficial owner is a company (other than a partnership) holding directly at least 10% of the paying company; 10% in all other cases. Royalties and interest are exempt from withholding tax.

Treaty Update: Pakistan - Venezeula


Officials agreed to begin formal negotiations on a DTA. Draft texts have already been exchanged.

Treaty Update: Pakistan - Mexico


No further information given in press releases.

Treaty Updates by Territory

Latest News

Hong Kong, Pakistan Sign DTA 21/2/2017
On February 17, Hong Kong and Pakistan signed a comprehensive double taxation agreement, which sets out the allocation of taxing rights between the two jurisdictions and will aid the assessment of tax liabilities arising out of cross-border economic activities.

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Pakistan, Mexico Initial DTA 24/5/2011
Pakistan and Mexico have initialled a draft Convention for Avoidance of Double Taxation, according to a statement released by the Pakistan Federal Board of Revenue.

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Pakistan And Venezuela To Negotiate DTA 10/3/2011
Pakistan and Venezuela have agreed to hold negotiations on a treaty for the avoidance of double taxation applicable to trade, commerce and services between the two countries.

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NZ Emissions 'Tax' Attacked 15/3/2010
The ACT New Zealand Party, a member of the country’s present coalition government, has continued its opposition to New Zealand’s new carbon emissions trading scheme, calling it a tax that will increase inflation in the economy.

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Hong Kong Property Taxes Reviewed 16/3/2010
Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget speech at the Joint Business Community Luncheon on March 12 and, in particular, reviewed the tax measures taken to increase the transaction cost of property speculation so as to reduce the risk of a property bubble being created.

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Malaysia Not Cancelling GST 12/3/2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction of a goods and services tax has been cancelled.

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Australia Promised Full Debate On Tax Review 15/3/2010
Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.

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Orascom Loses Algerian Tax Appeal 12/3/2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary, Orascom Telecom Algérie, has received a rejection to its appeal, made in December last year, against the notice for taxes and penalties it had received from the Algerian tax authorities the month previously.

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Switzerland, Slovakia Initial Revised DTA 12/3/2010
It has recently emerged that Switzerland and Slovakia have initialled a revised bilateral double taxation agreement, containing the Organization for Economic Cooperation and Development’s standard on tax information exchange.

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UK Budget To Hit The Rich 12/3/2010
Wealthy individuals may have less than two weeks to put plans in place to reduce the tax impact of the Chancellor’s pre-election Budget, warns PKF Accountants and business advisers.

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BVI To Review Taxes And Fees 15/3/2010
British Virgin Islands Prime Minister, Ralph O’Neal has said that the territory will run a budget surplus during 2010, although the government still intends to review indirect taxes and fees on financial services.

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Jersey Riding Out Onshore Storm 15/3/2010
Jersey will overcome the evolving challenges being faced by offshore international financial centres, Geoff Cook, Chief Executive of Jersey Finance, told participants at a Breakfast Briefing in London.

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Germany Approves Liechtenstein TIEA 15/3/2010
Germany’s Cabinet has recently approved a bill pertaining to the bilateral tax information exchange agreement with Liechtenstein.

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UAE Completes VAT Study 12/3/2010
Authorities in the United Arab Emirates are inching closer to the introduction of a value-added tax.

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IRS Offers Help To Struggling Taxpayers 14/3/2010
The US Internal Revenue Service has announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.

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Baucus Seeks Trade Preference Reform 15/3/2010
Senate Finance Committee Chairman Max Baucus is leading efforts for reform of US trade preference programs accorded to developing countries.

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OECD Urges Fiscal Policy Shift 12/3/2010
Governments must now gear their economies towards jobs, international competitiveness and increasing the tax-take, the Organization for Economic Cooperation and Development has said in its latest ‘Going for Growth’ report, analyzing the next step for recovering economies.

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Belgium's Kilometer Tax Opposed 11/3/2010
The Humanist group cdH of the Walloon parliament in Belgium has rejected the idea of a road tax levied per kilometre travelled, advocating instead the introduction of an inclusive road tax disc, which could then be modified to take certain environmental criteria into account.

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OECD Praises Portugal's Fiscal Plan 11/3/2010
The Organization for Economic Cooperation and Development has welcomed Portugal’s fiscal consolidation plan, emphasizing that it will serve to support growth.

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Tax Relief For California Storm Victims 11/3/2010
The State of California’s Franchise Tax Board on March 9 announced special tax relief for California taxpayers affected by the recent severe winter storms that started in January.

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Bahrain And UK Sign DTA 11/3/2010
The Kingdom of Bahrain’s Minister of Finance, Shaikh Ahmed bin Mohammed Al Khalifa, and UK ambassador, Jamie Bowden, signed a comprehensive double taxation agreement between the two countries in Manama on March 10.

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Australia And Chile Sign DTA 11/3/2010
Australia’s Assistant Treasurer, Nick Sherry, has announced that Australia and Chile have signed a comprehensive bilateral double taxation agreement – the second such agreement between Australia and a South American country.

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Swiss-German Tax Talks Resume 12/3/2010
During a recent visit to Berlin, Switzerland’s State Secretary Michael Ambühl, Head of the State Secretariat for International Financial Matters in the Federal Department of Finance, met with representatives of Germany's Federal Ministry of Finance and Federal Chancellery to exchange ideas on current financial and tax policy issues.

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US Senate Approves Tax Extenders Bill 12/3/2010
US Senate Finance Committee Chairman Max Baucus has applauded the Senate’s passage of legislation to extend tax cuts, unemployment insurance benefits and eligibility for unemployment benefits and health care for unemployed workers through the end of 2010.

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MEPs Push EU Tobin Tax 12/3/2010
In a recently adopted resolution, the European Parliament has emphasized the need to develop plans for a global tax to discourage excessive risk-taking by financial institutions and to ensure that the financial industry pays for damage caused by the financial crisis.

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