Bangladesh to revise Double Taxation Treaties

Summary: The tax authority of Bangladesh has taken measures to redraft the existing DTAA in order to assimilate it with advanced protocols. The DTAA (Double Taxation Avoidance Agreement) simultaneously guarantees that an individual does not have to pay tax twice in two countries and also that...

International Oil Corporation will enjoy Vat Exemption again

Summary: The International Oil Corporations involved in mineral oil and gas exploration, extraction and production under the product sharing contract with Petrobangla will now be enjoying Vat exemption under specific conditions. Content: The Bangladesh government is trying to facilitate International trade and Foreign Investment in Bangladesh. For this...

Dhaka pins high hope on Dubai Expo

Summary:  ‘Indomitable Bangladesh-Towards Sustainable Development’ puts high hope of brightening the image of the country along with promoting Bangladeshi products. Content:  In the upcoming October, Bangladesh will showcase its 50 years of achievements at an international expo in Dubai. The expo is open to the world. This information...

Capital machinery import falls for third year in FY21

Summary: Import of capital machinery into the country declined for three years in a row and the GDP to private sector investment ratio dropped significantly in FY21 apparently due to lack of investment-friendly environment in the country. Content: Businesses necessarily import capital machinery for the escalation of industrial...

Honduras ratifies the United Nations Convention on International Settlement Agreements Resulting from Mediation

Summary: With the deposit of the instrument of ratification, effected on 2nd September, Honduras becomes the seventh state party to the 'Singapore Convention on Mediation ' which occurred shortly before the inaugural of UNCITRAL Academy. Content: The Singapore Convention on Mediation, formally the United Nations Convention on International Settlement...

Bangladesh got the membership of NDB

Summary:     Bangladesh has finally become a member of the New Development Bank (NDB), which aims to be an alternative to the US-dominated World Bank and International Monetary Fund. Content: The new Development Bank founded by Brazil, Russia, India, and China in 2014 tried to expand its membership on...

Newsletter-Vol 1-2012

LAWS RELATING TO MARITIME LIEN AND MARITIME CLAIMS IN BANGLADESH   A traditional maritime lien is a secured right in the “res", i.e., in the property of another (ordinarily the ship), which arises with the claim, without registration Or other formalities it; travels with the vessel even...
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