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Pakistan - Convention on Mutual Administrative Assistance in Tax Matters – An Effort to Curb Tax Evasion and Money Laundering

Country:
Pakistan
Author:
T. Javed
Issue:
Asia-Pacific Tax Bulletin, 2019 (Volume 25), No 3
Published:
3 April 2019
In this article, the author reviews Pakistan’s recent legislative history governing protection for foreign exchange accountholders. He concludes that, until the enactment of the Finance Act 2018, the legislation contained gaping loopholes, which were misused by tax evaders for tax evasion and money laundering. The article assesses how Pakistan’s participation in the OECD’s Convention on Mutual Administrative Assistance in Tax Matters will assist the country in combating tax evasion and money laundering, in conjunction with the most recent legislative amendments.
 
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