(1) of section 60 of the Income-tax
Act, 1922 (XI of 1992), The Government is pleased to exempt foreign contractors, consultants and their expatriate
personnel working in Bangladesh under an agreement with the Chittagong Port Authority" such agreement providing
for the payment by the Chittagong Port Authority the amount of tax payable be such foreign contractors, consultants
and their expatriate personnel in respect of income derived by them, from so much of the tax on their income received
or deemed to accrue or arise to them in Bangladesh as exceeds the tax that would have been payable by them had the
said Chittagong Port Authority not entered into the agreement to pay such tax on their behalf.
This notification shall be deemed to have taken effect from the assessment year 1973-74. |
