On 22 June 2017, Pakistan’s Ministry of Finance signed the Multilateral Competent Authority Agreement (MCAA) on the automatic exchange of Country-by-Country (CbC) reports. The signing took place at a ceremony held during the third meeting of the inclusive framework on BEPS on 21–22 June 2017.
By signing on to this agreement, Pakistan commits to the implementation of the Standard for Automatic Exchange of Financial Account Information for all Financial Institutions within its jurisdiction.
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