কর চুক্তি

(1) The Government may enter into agreements with the government of any other country on the following matters, namely:

(a) relating to tax relief in respect of the following:

(i) income on which tax has been paid under this Act and under any such law in force in the other country; or

(ii) any tax leviable under this Act and under any such law in force in the other country, for the purpose of promoting mutual economic relations, trade, and investment;

(b) determination of income from sources within and outside Bangladesh;

(c) avoidance of double taxation and prevention of fiscal evasion under this Act and any such law in force in the other country;

(d) exchange of information or investigation of causes related to tax evasion or avoidance under this Act and any such law in force in the other country;

(e) recovery of tax under this Act and any such law in force in the other country; and

(f) for any purpose under this Act and any such law in force in the other country.

(2) The Board, by notification in the official Gazette, may make necessary provisions for the implementation of tax agreements.

(3) Agreements made under sub-section (1) may include provisions relating to tax relief for any period prior to the enactment of this Act or the agreement, as well as provisions concerning income that is not automatically subject to double taxation.

(4) Where an agreement made under this section includes provisions for granting credit against tax payable in Bangladesh for tax payable under the law of the concerned country, the provisions relating to foreign tax credit mentioned in Chapter II of this Part shall apply.

(5) Notwithstanding anything contained in other provisions of this Act, a double taxation avoidance agreement shall take precedence.

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