DHAKA: Nepal is to sign Dual Tax Avoidance Agreements (DTAA) with Bangladesh and Malaysia with an objective of freeing investors from the compulsion of paying taxes twice and thereby attracting foreign investment.

Chief of Revenue Division of the Finance Ministry, Rajan Khanal said that preparations are also underway for signing such agreements with the USA and Brazil and informed that an agreement has been already reached regarding the agreement draft with Bangladesh and Malaysia.

We are hopeful that the agreement will be reached with Brazil and the USA as well, he said.

The proposals have been sent for consent to the concerned countries. Nepal has already signed such agreements with India, Pakistan, Sri-Lanka, South Korea, Thailand, Qatar, Mauritius, Norway and Australia.

Source: myrepublica.com

BDST: 1530 HRS, OCT 26, 2013
RS/MMA/JCK [email protected]