I’m a Bangladeshi non-resident running a UK-based limited company. I’ve heard about double taxation relief through treaties. How can I ensure I don’t pay taxes twice on dividends I receive from my company in the UK?
Answer by: abdullah-al-naim
2 months ago
As a Bangladeshi non-resident, you can avoid double taxation on UK dividends by utilizing the UK-Bangladesh Double Taxation Treaty. Under the treaty:
Reduced Withholding Tax: Dividends paid to non-residents are taxed at a reduced rate of 10%, provided you meet the treaty conditions.
Tax Credits: The tax you pay in the UK can be claimed as a credit against taxes owed in Bangladesh on the same income.
Documentation: To claim treaty benefits, submit the required form to HMRC and provide proof of your tax residency in Bangladesh.
Consultation: Work with a tax professional to ensure compliance and proper filing for both UK and Bangladeshi tax authorities.
By following these steps, you can avoid being taxed twice on your dividends.
