Today I am going to discuss about double taxation which is a very common problem faced by a resident or non resident when comes from abroad . If the country has agreement with Bangladesh , the taxpayer ( assesse) may not pay tax again under some conditions . In fact , to develop economy Govt. of many countries sign many treaties with each other. It relieves them from discrimination and misunderstanding. It develops mutual understanding and friendship. Details of it is available here.
Double Taxation Avoidance Agreement (Sec. 144
read with 7th Schedule) :
The Bangladesh model of Agreement on Avoidance of
Double Taxation consists of 29 Articles . Bangladesh has agreement with more or less 32 countries.
name of continent
|
country
|
Asia
|
India, Sri Lanka, Pakistan, China, Japan, Singapore, Korea, Philippines, Thailand,
Vietnam, Myanmar, Malaysia, Indonesia, Mauritius, Saudi Arabia, U A E, Oman, Turkey
|
Europe
|
UK, Norway, Sweden, France, Germany , Netherlands,
Italy, Denmark ,Romania, Belgium , Poland, Switzerland
|
North America
|
Canada, USA
|
Requirements
Tax clearance certificate from where he came
method
of determining the amount of notional income of non resident
Sometimes non resident taxpayer may have profit/ gain/ income in Bangladesh . But at that time he may be in a foreign country. Therefore, it is necessary to address the issue here.
Rule-35
read with rule-34 prescribes the method of determining the amount of notional income in respect of which the
non resident may be charged under section 104.
who will charge ?
D C T
when?
actual
amount of profit/ gain/ income accruing
or arising in Bangladesh to non resident Bangladeshi cannot be determined
source
business connection, any property ,any asset in
Bangladesh
amount :
to be
determined by DCT on the basis of percentage of turnover accruing or arising
considered reasonable or on profits computed under provisions
Hi Thank your for your blog. I am an NRB in Canada with some dividend income in Bangladesh. I have been mostly submitting my return in Canada. Not sure if I have to continue submit return in Bangladesh also. Could you refer me some related rules? Is there a better way to reach you?
ReplyDeleteThanks,
Majbah
Hello,
ReplyDeleteI am a Canadian Citizen and residing in Dhaka since 2007 April. In 2009, I have registered a company in Bangladesh . Since 2009 September i have been earning income from clients outside Bangladesh. I have not filed my tax return both in Bangladesh and Canada. I want to file my income tax and want to know the taxation policy, how to file tax and where to get help. I want to know how much tax i have to pay etc. Can you provide advice on this matter?
Thank you.
Moin
This comment has been removed by the author.
ReplyDelete