DHAKA, July 24, 2018 (BSS) – Bangladesh will sign a Double Taxation Avoidance Agreement (DTAA) with the Czech Republic to create a congenial environment for flourishing bilateral trade and commerce alongside increasing the level of investment.
The revenue officials of both the countries today began their four-day discussion on the issue at a city hotel.
Acting Chairman of the National Board of Revenue (NBR) Kalipada Halder led the Bangladesh side while senior official of the revenue watchdog of Czech Republic Vaclav Zika led the Czech side during the discussion.
Speaking on the occasion, Kalipada Halder said the DTAA is necessary so that it is not imposed on any individual or any institution in case of trade, commerce and investment.
“If this agreement is signed, the trade, commerce and investment environment in Bangladesh would further improve to the Czech businesses. In the same way, Bangladeshi businesses will feel more encouraged to make investment in Czech Republic,” he added.
Czech Republic senior revenue official Vaclav Zika said they have started working positively to avoid double taxation for enhancing bilateral investment flow.
“Both the countries will have to work in this regard giving due importance,” he said hoping that once the agreement is signed, dynamism would be infused into the bilateral trade, commerce and investment situations.
Bangladesh has so far the DTAA with 33 countries.