Dhaka, March 13 -- Dhaka will be able to collect tax from the capital gains made by any entities of the Netherlands in Bangladesh as the two nations amended an existing double taxation avoidance and prevention of tax evasion agreement on Tuesday.

The amendment to the agreement, which was signed back on July 13, 1993, has been made as there are various changes in the international norms related to the avoidance of double taxation and the prevention of revenue evasion like the OECD model and the UN model.

Finance Minister Abul Hasan Mahmood Ali and Netherlands Minister of Tax Affairs and the Tax Administration M LA van Rij signed the agreement in Dhaka on behalf of their respective governments.

A press release from finance ministry said ...