, March 12 -- Bangladesh and the Netherlands signed a new agreement to avoid double taxation and prevent revenue evasion.

Finance Minister Abul Hasan Mahmud Ali and Netherlands' Minister for Tax Affairs and the Tax Administration M.L.A. van Rij signed the agreement on behalf of their respective nations at the Ministry of Finance in Dhaka.

According to the Finance Ministry, an agreement between Bangladesh and the Netherlands for the avoidance of double taxation and prevention of revenue evasion was first signed on July 13, 1993, about 30 years ago.

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In the meantime, there have been various changes in the international norms related to the avoidance of double taxation...