The Government of Qatar and the Government of the People's Republic of Bangladesh have signed a treaty to avoid the double taxation of income and combat tax evasion. By eliminating double taxation, this new treaty strengthens economic ties between Qatar and Bangladesh and fosters a more attractive environment for individual investors and businesses, encouraging increased commercial activity and smoother capital flow. Additionally, the treaty promotes international transparency by facilitating the exchange of accurate financial information.
The agreement extends beyond tax benefits, covering provisions for collaboration in maritime and air transport, as well as joint projects. It also covers specific areas like dividends, interest, and royalties, solidifying the economic relationships between the two friendly nations.
Complementing the multiple agreements previously forged with several sisterly and friendly nations to prevent double taxation and combat financial evasion, Qatar is actively engaged in discussions with several other countries to finalize similar treaties as part of comprehensive efforts that align with its official foreign investment strategy.
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