Regulatory Alerts2013-09-16
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FEPD Circular Letter No. 27: SRO on Amended Convention regarding Avoidance of Double Taxation between Bangladesh & India
The Foreign Exchange Policy Department of Bangladesh Bank circulates a notification from the Ministry of Finance, Government of the People's Republic of Bangladesh, regarding the amended Double Taxation Avoidance Agreement between Bangladesh and India. The notification, published in the Bangladesh Gazette Extraordinary Issue on July 3, 2013, as SRO No. 224-Law/2013, is attached for the information and necessary action of all Approved Dealer Banks. This circular serves to inform authorized banking institutions of the legal changes to the bilateral tax treaty to ensure compliance with the updated regulatory framework.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka-1000
Ref. No. FEPD(Import Policy)123/2013-27 Date: 01 Ashwin, 1420 16 September, 2013
To, The Chief Executive/Principal Office All Approved Dealer Banks engaged in foreign exchange transactions
Dear Sirs,
Regarding the existing Amended Convention on Avoidance of Double Taxation between Bangladesh and India.
In view of the amendment to the existing Convention on Avoidance of Double Taxation between the Government of the People's Republic of Bangladesh and the Government of the Republic of India, a copy of the Notification (SRO No. 224-Law/2013) published in the Extra Issue of the Bangladesh Gazette on July 3, 2013, by the Internal Resources Division (Income Tax) of the Ministry of Finance, Government of the People's Republic of Bangladesh, is enclosed herewith for your information and necessary action.
Yours faithfully,
Enclosure: As above
(Md. Abdul Mannan) Deputy General Manager Phone: 9530319
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