Pakistan and Hungary to Exchange Information About Taxpayers

Pakistan and Hungary to Exchange Information About Taxpayers
The tax authorities of Pakistan and Hungary are now be bound to exchange information about their taxpayers under the revised Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion.
The Federal Board of Revenue (FBR) has enforced the revised Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion between Pakistan and Hungary for the exchange of the information of taxpayers in both countries.
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The FBR issued a notification today (Wednesday) in this regard, according to which Pakistan and Hungary had signed the Protocol in July 2020 to amend the existing Convention for the Avoidance of Double Taxation.

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