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of <h1>SAARC Double Taxation Avoidance Agreement: Facilitating Tax Cooperation and Exemptions for Professors, Teachers, and Students Since 2010.</h1> The Double Taxation Avoidance Agreement (DTAA) among SAARC member states, including Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka, was formalized to prevent double taxation and facilitate mutual administrative assistance in tax matters. Signed in Dhaka on November 13, 2005, and effective from May 19, 2010, the agreement outlines definitions, scope, and application concerning taxes on income. It includes provisions for information exchange, tax collection assistance, and exemptions for professors, teachers, and students. The agreement is subject to periodic review and amendments by consensus, with the SAARC Secretariat serving as the depository.
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