Nepal and Bangladesh have agreed to sign Double Taxation Avoidance Agreement (DTAA). Issuing a statement, Inland Revenue Department (IRD) said the fourth round of meeting for DTAA held in Kathmandu took the decision.

Director General of Inland Revenue Department (IRD) Chudamani Sharma and Head of Delegation, Member (Tax Policy) of National Board of Revenue of Bangladesh, Parvez Iqbal signed the agreement for signing DTAA.

Finance Ministers of both the countries will ink the DTAA later on. Speaking at the program, Sharma said the agreement will be a cornerstone in economic relations between the two countries. Nepal had proposed with Bangladesh to sign DTAA in 1998.