(1) The Government may enter into agreements with the Government of any other country in respect of the following matters, namely:—

(a) tax relief in respect of the following matters:

(i) such income on which tax has been paid under this Act any corresponding law in force in other countries; or

(ii) any tax leviable under this Act and any corresponding law in force in that country for the purpose of encouraging mutual economic relations, trade and investment;

(b) determination of income from sources within and outside Bangladesh;

(c) avoidance of double taxation and prevention of fiscal evasion under this Act and corresponding law in force in that countries;

(d) exchange of information for prevention of fiscal evasion or avoidance of tax on income or investigation of cases relating to such evasion under this Act and corresponding law in force in other countries;

(e) recover taxes under this Act and under corresponding law in force in other countries; and

(f) for the purposes of this Act and any corresponding law in force in another country.

(2) Board, by notification in the official Gazette, make such provisions as may be necessary for implementing the agreement.

(3) Any agreement made in pursuance of sub-section (1) may include provisions for relief from tax for any period before the commencement of this Act or before the making of the agreement and provisions as to income which are not themselves subject to double taxation.

(4) In cases where the agreement entered into under this section includes any provision for granting set off against the tax payable in Bangladesh in respect of the tax payable under the law of the country concerned, the provisions relating to the said foreign tax adjustment in Chapter II of this Part shall apply.