THE success of a modern, progressive tax system hinges on two efficient wheels– Tax legislation with moderate tax rates and a dynamic tax administration. No fiscal reform in any tax jurisdiction can yield optimal results unless both the wheels are ‘greased' simultaneously to sprint together smoothly! In the recent years, India has also undertaken

IT is not often that we come across important international tax cases from Pakistan. However, on 8th September, 2023, the Pakistan Supreme Court has rendered an important verdict on the vexed question of source country taxation of software as royalty under the Pakistan-Nederland's tax treaty in favour of the Pakistan Revenue