DHAKA, April 24, 2019 (BSS) – Bangladesh and the Maldives agreed to sign
double taxation avoidance agreement (DTAA) to boost bilateral trade.
To this end, both the countries today held the second round of negotiation
here at the BCS (Tax) Academy and signed an agreed minutes for the DTAA, said
a National Board of Revenue (NBR) press release.
Delegations of both the countries discussed seven articles, which remained
unsettled in the first round of negotiation that took place in Malé, in
2017, and reached to a settlement to finalize the draft agreement.
NBR’s member for international taxation Arifa Sahana and Deputy
Commissioner General of the Maldives Inland Revenue Authority Hassan Zareer
led their respective delegations.
The main goal of the agreement is to help the investors to avoid double
taxation on the same income in the two countries. The DTAA will create a
congenial atmosphere in both the countries for the investors, added the
release.
Currently 100,000 Bangladeshis are working in the Maldives and this
agreement will pave the way to Bangladesh’s software industry for exploring
new business opportunities in Maldives.