Double Tax Avoidance Agreement has been signed between Maldives and Bangladesh

Double Tax Avoidance Agreement (DTAA) has been signed between Maldives and Bangladesh. The main purpose of this DTAA is to avoid double taxation of income from residents of both countries, to ensure taxpayers equal rights and security, and to prevent evasion and avoidance of taxation.

The Commissioner General of Taxation, Mr. Fathuhulla Jameel signed the DTAA on behalf of Maldives, whereas, Senior Secretary of Internal Resources Division of National Board of Revenue, Mr.Abu Hena Md.Rahmatul Muneem signed the DTAA on behalf of Bangladesh.

For the purpose of this DTAA, two rounds of negotiations were carried out between the two countries during 2017 and 2019. This DTAA is the second DTAA signed between Maldives and a foreign country. Maldives signed the first DTAA with United Arab Emirates in 2017.

MIRA is currently working on establishing a tax treaty network under their continuous efforts towards strengthening the Maldives tax system and implementing a tax system recognized internationally.

 

23 Dec 21