Pakistan's Federal Board of Revenue has issued Notification S.R.O. 421(I)/2017 on proposed amendments to the Income Tax Rules, 2002 to add a new Chapter - VIA: Documentation and Country-by-Country Reporting Requirements. The requirements are generally in line with the three-tiered approach set out in the BEPS Action 13 guidelines, and include:
- CbC reporting requirements for reporting fiscal years beginning on or after 1 July 2017, including:
- A EUR 750 million consolidated revenue threshold…