Article 14 - Capital gains - Bangladesh

ARTICLE 14 CAPITAL GAINS (1) Subject to the provisions of paragraph (3), capital gains arising from the sale, exchange or transfer of a capital asset as defined under the respective tax laws of the Contracting States shall be taxable only in the Contracting State in which the capital asset is situated at the time of such sale, exchange or transfer. (2) For the purpose of this Article, the situs of the shares of a company shall be deemed to be in the Contracting State in which the company is incorporated. (3) Capital gains derived from the sale, exchange or transfer of a capital asset being a ship or aircraft operated in international traffic by an enterprise of a Contracting State shall be taxable only in that Contracting State.