Tax policies to support investment sought

Lahore Tax Bar Association (LTBA) newly elected President Shahbaz Siddique has pledged to implement a series of initiatives aimed at promoting strong and mutually beneficial cooperation between Pakistan and China in the field of taxation. Recognising the importance of collaboration between the two countries, he aims to leverage this partnership to drive economic growth and development. With the acceleration of the second phase of the China-Pakistan Economic Corridor (CPEC), there is a growing need for effective tax policies and regulations that support these investments. In a recent interview with China Economic Net, Shahbaz highlighted the significance of a robust tax framework to ensure transparency, fairness and ease of doing business for both Pakistani and Chinese companies. He noted that the collaboration between Pakistan and China in taxation holds great potential, including exchange of expertise, investment and trade, avoidance of double taxation and digital taxation.