On 31 January 2018, the Federal Board of Revenue (FBR) in Pakistan has published SRO no. 99(I)/2018, which provides amendments to draft rules that establish transfer pricing documentation and country-by-country (CbC) reporting requirements for large multinational companies.
The rules are proposed to implement agreements reached by nations in the 2015 OECD/G20 base erosion profit shifting (BEPS) plan. As a member of the Inclusive Framework on BEPS, Pakistan is among 111 countries that has pledged to implement the BEPS country-by-country reporting rules.
