The auditor’s certification that the price is at arm’s length if the payment is to a related party should be reconsidered
Reform ID		F528
Description		Before: Where FX payments for royalties, technical service fees (RTF), or related-party transactions were involved, ADs were required to obtain an auditor's certification that the price was at arm's length. Since RTF and royalty payments are the subject of tax scrutiny and transfer pricing rules administered by FBR, requiring a separate arm's-length certification for FX purposes created duplicative compliance obligations and additional costs for businesses.
Department		State Bank of Pakistan - SBP
Jurisdiction / Location		Federal - Entire Pakistan
Sector		All Sectors
Start Date
Target Deadline		15-04-2026
Date Enacted
Implementation Status		In Progress
Progress		0%
CCORR Direction
Cost Savings PKR (Mil.)
Evidence