First round of four-day negotiations concluded here today at Islamabad between the delegations of Pakistan and Senegal on the draft Convention for Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to Taxes on Income. Pakistan’s delegation was headed by Mr. Shahid Hussain Asad, Member (Inland Revenue), Federal Board of Revenue, while the Senegalese delegation was headed by Mr. El Hadji Ibrahima DIOP, Director of Legislation, Studies and Litigation.
The Senegalese delegation was briefed about the tax system of Pakistan, its economy and the 61 Conventions/Agreements for Avoidance of Double Taxation that Pakistan has signed with other countries so far. The negotiations were conducted in a cordial and friendly atmosphere at FBR Headquarters, Islamabad. Both sides presented and appreciated each other’s respective positions. The negotiations will continue in its second round to reach an agreement between the two countries in near future.