Kathmandu, August 31:

Meeting of the representatives of SAARC countries held in the capital yesterday at the SAARC Secretariat has finalised the draft on avoidance of double taxation. It is the third meeting. According to a press release, the third meeting of SAARC Sub-group on avoidance of double taxation held yesterday has finalised the draft. The sub-group had earlier also discussed on the text of the draft of SAARC Limited Multilateral Agreement on avoidance of double taxation and mutual administrative assistance in tax matters at its first and second meetings in Kathmandu on October 26-28 and December 6-7 in Islamabad, states the release. The meeting was chaired by A S Jahir Muhammad, member (Income Tax Policy), national board of revenue, government of Bangladesh. They discussed the outstanding issues and reached consensus on the text of the draft agreement.