Kathmandu, March 6 -- Nepal and Bangladesh signed a pact on Double Tax Avoidance Agreement (DTAA) at Ministry of Finance in Kathmandu on Tuesday.
Revenue Secretary Lal Shankar Ghimire from Nepal and his Bangladeshi counterpart Mosharraf Hossain signed a memorandum of understanding on Agreement on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income. The MoU was signed following the Cabinet nod from both the countries.
The treaty was signed in the presence of Finance Minister Yubaraj Khatiwada and Bangladeshi Ambassador to Nepal Mashfee Binte Shams.
"The agreement concluded today aims at providing settlement between the tax claims of the Government of Nepal and the Government of the People'...