Regulatory Alerts2026-05-20
FEID Circular No. 02: Facilitating Repatriation of Sale Proceeds from Non-Resident Investors Taka Account (NITA)
Bangladesh Bank’s Foreign Exchange Investment Department has amended paragraph 24(v) of the Guidelines for Foreign Exchange Transactions to streamline the repatriation of sale proceeds from Non-Resident Investors Taka Accounts (NITA). Authorized Dealers must now directly credit sale proceeds to the respective NITA and deduct applicable capital gains tax prior to repatriation, thereby eliminating the previous requirement for non-resident investors to obtain an auditor’s certificate. This amendment removes procedural bottlenecks and reduces compliance costs for foreign investors while ensuring timely tax collection, and the revised instructions take effect immediately.
Share