ZCZC
BSS-47
DOUBLE TAXATION-DEAL
Bangladesh to sign DTAA with Czech Republic
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.
BSS/RI/GM/MMA/2002hrs