On 22 June 2018, Bhutan's National Council (upper house of parliament) approved for ratification the pending income tax treaty with Bangladesh. The treaty, signed 18 April 2017 ({News-2017-11-28/T/6-previous coverage}), is the first of its kind between the two countries and will enter into force once the ratification instruments are exchanged. It will generally apply in Bangladesh from 1 July of the year following its entry into force and in Bhutan from 1 January of the year following its ent…