August 8, 2006 Treasury Announces Entry into Force of U.S.-Bangladesh Income Tax Treaty WASHINGTON, DC – The Treasury Department announced today that Deputy Treasury Secretary Robert M. Kimmitt and Finance Minister of the People's Republic of Bangladesh Md. Saifur Rahman exchanged instruments of ratification for the U.S.-Bangladesh Income Tax Convention on August 7, 2006. This exchange of instruments brings the tax treaty into force. The United States and Bangladesh signed the tax treaty at a ceremony in Dhaka, Bangladesh on September 27, 2004. The United States Senate gave advice and consent to ratification of the treaty on March 31, 2006. With the entry into force of the treaty on August 7, 2006, the treaty generally will be effective for taxable periods beginning on or after January 1, 2007. The provisions of the treaty relating to withholding taxes will be effective for amounts paid or credited on or after October 1, 2006. |
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