Regulatory Alerts2022-07-18
Added
FEPD Circular Letter No. 26: Special Tax Treatment in respect of undisclosed offshore assets
The Foreign Exchange Policy Department of Bangladesh Bank notifies authorized dealer banks of Section 19A inserted into the Foreign Exchange Regulation Act, 1947, via the Foreign Exchange (Amendment) Act, 2022. The circular directs banks to implement the instructions contained in the newly added section regarding the special tax treatment of undisclosed offshore assets.
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