FEID Circular No. 02: Facilitating Repatriation of Sale Proceeds from Non-Resident Investors Taka Account (NITA)

FEID Circular No. 02 All Authorized Dealers in Foreign Exchange in Bangladesh Dear Sirs, Facilitating repatriation of sale proceeds from Non￾Attention of Authorized Dealers (ADs) is invited to Chapter 14 of the Guidelines for Foreign Exchange Transactions (GFET), Volume withheld of capital gain tax (if any) before crediting sale proceeds of the share/securities to Non-Resident Investors Taka Account (NITA). 02. In order to determine the amount of gain tax, there is a practice by the Non Investors to collect an auditor’s certificate, which causes significant delay in repatriation/ reinvestment. To streamline investment operations time and compliance costs for Non before repatriation, Bangladesh Bank has Section-IV, Chapter 14 of GFET, Volume 24(v) shall stand substituted by the following: “Sale proceeds of shares/securities purchased through the NITA shall be to the respective NITA. The ADs capital gain, if any, from the sale proceeds of shares/securities eventual payment to the government exchequer p All other instructions in this regard shall remain unc contents of this circular to the notice of their respective constituents. into force immediately. Foreign Exchange Investment Department Date: Bangladesh Facilitating repatriation of sale proceeds from -Resident Investors Taka Account (NITA). Attention of Authorized Dealers (ADs) is invited to paragraph 24(v) under Chapter 14 of the Guidelines for Foreign Exchange Transactions (GFET), Volume withheld of capital gain tax (if any) before crediting sale proceeds of the share/securities to Resident Investors Taka Account (NITA). rder to determine the amount of gain tax, there is a practice by the Non Investors to collect an auditor’s certificate, which causes significant delay in repatriation/ To streamline investment operations through NITA and reduce proce for Non-Resident Investors while ensuring collection Bangladesh Bank has decided to amend the instructions in paragraph 24(v), IV, Chapter 14 of GFET, Volume-1. Accordingly, the existing provision of paragraph 24(v) shall stand substituted by the following: “Sale proceeds of shares/securities purchased through the NITA shall be ADs shall ensure deduction/withholding of applicable taxes on capital gain, if any, from the sale proceeds of shares/securities held by non-resident investors for government exchequer prior to repatriation abroad.” All other instructions in this regard shall remain unchanged. ADs are advised to bring the contents of this circular to the notice of their respective constituents. This circular shall come Yours faithfully, (Mahmudun Nabi) Director (FEID) Phone: +88-02-9530144 BANGLADESH BANK (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh. Foreign Exchange Investment Department Date: 20/05/2026 paragraph 24(v) under Section-IV of Chapter 14 of the Guidelines for Foreign Exchange Transactions (GFET), Volume-1 regarding withheld of capital gain tax (if any) before crediting sale proceeds of the share/securities to rder to determine the amount of gain tax, there is a practice by the Non-Resident Investors to collect an auditor’s certificate, which causes significant delay in repatriation/ procedural delays, of applicable tax the instructions in paragraph 24(v), Accordingly, the existing provision of paragraph “Sale proceeds of shares/securities purchased through the NITA shall be directly credited of applicable taxes on resident investors for hanged. ADs are advised to bring the This circular shall come Yours faithfully, (Mahmudun Nabi) Director (FEID) 9530144