Double Taxation Avoidance Agreement (DTAA) Certificates issuance Process in Bangladesh affecting UK Businesses
Trade barrier summary
The Double Taxation Avoidance Agreement (DTAA) certificate issuance process is not currently time-bound, and UK businesses applying for the certificate from the National Board of Review for dividend remittance are facing major delay in receiving the approval; the financial implications of the time lapse are also quite significant for the companies.
Furthermore, the companies are required to obtain this certificate annually and for every remittance; this is an additional burden on the business in terms of both time and cost.
Sectors affected
- Financial and professional services
Resolved
No
Date reported
23 May 2019
Last updated
18 December 2020
Public ID
PID-GA7AMB
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