The Austrian Council of Ministers approved the negotiation of an income and capital tax treaty with Bangladesh on 3 July 2024, according to information published by the Federal Chancellery.
A tax treaty, also called double tax agreement (DTA) is an agreement between two countries to avoid or reduce double taxation.
This would be the first agreement of its kind between Austria and Bangladesh. It must be negotiated, signed, and ratified by both parties before it can enter into force.
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