FEPD-1 Circular No. 28: Remittance against overseas tour packages

Foreign Exchange Policy Department-1 Bangladesh Bank Head Office Dhaka www.bb.org.bd FEPD-1 Circular No. 28 Date: August 09, 2026 All Authorized Dealers in Foreign Exchange in Bangladesh Remittance against overseas tour packages Dear Sirs, Please refer to Part-J of FE Circular No. 08, dated May 07, 2026 regarding release of foreign exchange for tour packages. 02. In order to facilitate orderly development of outbound tourism while ensuring prudent foreign exchange management, it has been decided to allow Authorized Dealers (ADs) to process remittances abroad against overseas tour packages arranged by locally licensed tour operators, subject to the following terms and conditions: (1) Eligible tour operators: Only tour operators having membership with Tour Operator Association of Bangladesh (TOAB) shall be eligible to avail this facility. Tour operators shall have tie-up arrangements with overseas tour operators, hotels, or destination management companies. (2) Collection of funds in Taka: Eligible tour operators may collect package charges from resident Bangladeshis in Taka for overseas travel services including accommodation, transportation, and other destination￾related services. (3) Remittance arrangements: ADs may effect remittances in foreign exchange in favor of overseas tour operators, hotels, or destination management companies against such packages, out of funds collected in Taka, at prevailing exchange rates. Cont’d to Page-2

-02- (4) Underlying documentation: ADs shall ensure that each remittance is supported by bonafide documents, including: (i) invoice or contract issued by the overseas service provider; (ii) detailed itinerary and cost breakdown; (iii) list of travelers including name and passport number; (iv) agreement between local tour operator and overseas counterpart; (v) evidence of receipt of funds in Taka from customers. (5) Annual tour entitlement: ADs may effect remittances under this facility up to a maximum of USD 3,000 (three thousand) per traveler, outside annual travel quota, per calendar year. This facility is not applicable for sales of packages to foreign nationals residing in Bangladesh with valid permission. Such sales of tour package need to be executed through international cards. ADs shall provide acquiring services as per Sub-clause 6 below. (6) Remittances beyond limit: Remittances exceeding the limit mentioned in Sub-clause 5 may be allowed by ADs in cases, provided that the amount has been collected in foreign currency through international cards. In this case, ADs may provide acquiring services and retain the fund in margin account. (7) Tracking and monitoring: (i) Tour operators shall record all transactions under this facility against the passport number of each traveler. (ii) Tour operators shall maintain cumulative records of foreign exchange released per traveler during a calendar year. (iii) Tour operators shall ensure that aggregate remittances on behalf of a traveler, including through multiple transactions, remain within the prescribed limit unless payment in foreign currency under Sub-clause 6 above. (8) Declaration: Tour operators shall obtain a declaration from each traveler stating that the prescribed annual foreign exchange limit has not been exceeded through other tour operators. (9) Due diligence and risk management: ADs shall: (i) conduct proper KYC and due diligence on tour operators and overseas counterparts; (ii) ensure transactions are consistent with the declared business profile of the tour operator; (iii) maintain a complete audit trail of all transactions; (iv) monitor transactions to prevent over-invoicing, capital flight, or misuse of the facility. Cont’d to Page-3

-03- (10) Commission and net remittance: Tour operators may retain their service charges or commission in Taka. Remittances abroad shall reflect only the net payable amount, net of applicable taxes, to overseas counterparts. (11) Prohibited uses: This facility shall not be used for: (i) transfer of funds unrelated to genuine travel services; (ii) advance remittances without confirmed bookings or contractual obligations; (iii) settlement of capital account transactions disguised as travel expenses. (12) Remittances: After scrutinizing the application along with the supporting statements and documents submitted and establishing the bonafide, AD shall effect the remittance. In this case, ADs shall utilize first foreign currency fund held in margin accounts, if any, and later remainder from Taka accounts. (13) Reporting requirements: Within 7 days of remittances, ADs shall submit, in addition to routine reports, statements to Foreign Exchange Operation Department-2/area office of Bangladesh Bank, as per appendices for post facto checking. In accordance with the above decision, instructions for outbound tour packages stipulated at Part-J of FEPD-1 Circular No. 08/2026 shall stand amended. Please bring the contents of this circular to the notice of your concerned clients.

Yours faithfully,

(Md. Harun-Ar-Rashid) Director (FEPD-1) Phone: 9530123

Appendix-A STATEMENT OF BUSINESS POSITION & REMITTANCE REQUEST DURING THE PERIOD OF …………… Name of tour operator and address: ……………………………. Name of overseas counterpart and address: …………….. BUSINESS POSITION Particulars Tour operator's business Counterpart's business No. of packages Amount (Taka) Amount (Taka) Amount (USD) Opening unused balance Packages sold during the period as per Appendix-1 Total Less: Package cancelled during the period as per Appendix-3 Total Position Packages utilized during the period as per Appendix-2 Closing unused balance REMITTANCE REQUESTS Particulars Amount (Taka) Opening payables Payables to counterpart as per package utilized (Appendix-2) Total payables Less: Expenses incurred for international tour operator (pls. attach separate sheet) Applicable taxes deducted and paid (pls. attach documents in support of payment) Total deduction Net Payables Remittance request Closing payables I/We hereby declare that the statements given above are a reflection of business performances and remittance payables during the month of ………………. We do also hereby undertake to adjust/repatriate if excess remittance is detected while post facto examination by Bangladesh Bank. Signature Name: Designation of the official of tour operator:

Appendix-1 STATEMENT OF TOUR PACKAGES DURING THE PERIOD OF …………….. Name of tour operator and address: ……………………………. Name of overseas counterpart and address: …………….. Sl. No. Ref. No. & Date of issue Name of travelers Nationality Address Date of departure Destination Route of journey Payment in Taka/USD 1 2 3 4 5 6 7 8 9 Particulars of Passport/other references Amount (Taka) Amount* (USD Commission/ service charges to tour operator Amount Payable to overseas counterpart Date No. Issued by Taka Equiv. USD 10 11 12 13 14 15 16 = 13-15 17

• Payment received as per Sub-clause 5 and 6 of the circular. Column 17 will include column 14. I/We hereby declare that we have issued tour packages during the month of ……………… Signature Name: Designation of the official of tour operator:

Appendix-2 STATEMENT OF PACKAGES EXECUTED DURING THE PERIOD OF …………… Name of tour operator and address: ……………………………. Name of overseas counterpart and address: …………….. Particulars of statement in which the packages issued were reported Date of travel Amount Taka Amount USD Commission/ service charges to tour operator Taka Amount Payable to International Tour Operator Month Serial No. at which the item appears in the statement Taka Equiv. USD 1 2 3 4 5 6 7 8 I/We hereby declare that the statement given above is a reflection of passengers flown during the month of ……………… for which we have already collected the amount presented above. Signature: Name: Designation of the official of tour operator: Note: Certificate from concerned airlines in support of the execution of travel and payment of travel tax, other levies payable to Government needs to be enclosed with the statement.

Appendix-3 STATEMENT OF PACKAGES CANCELLED DURING THE PERIOD OF …………… Name of tour operator and Address: ……………………………. Name of overseas counterpart and address: …………….. Particulars of statement in which the tickets issued were reported Date of cancelation Amount refunded Taka Amount refunded USD Amount adjustable with payable to international tour operator Month Serial No. at which the item appears in the statement Taka Equiv. USD 1 2 3 4 5 6 7 I/We hereby declare that the statement given above is a reflection of tickets canceller during the month of ……………… for which we have already refunded the amount presented above. Signature Name: Designation of the official of tour operator: