FEPD Circular No. 01: Remittance against current account transactions

Authorized Dealers in Foreign Exchange in Bangladesh may remit admissible expenses up to one percent of annual sales as declared in the previous year's income tax return of remitter-companies, or USD 100,000, whichever is higher. This decision simplifies the scope previously outlined in FE Circular No. 50 of November 19, 2020. All other existing instructions regarding this matter remain unchanged.

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Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular No. 01 Date: January 04, 2021
All Authorized Dealers in
Foreign Exchange in Bangladesh
Dear Sirs,
Remittance against current account transactions Please refer to FE Circular No. 50 of November 19, 2020 regarding wider scope for outward remittances within the purview of one percent of annual sales as declared in the previous year's income tax return of the concerned remitter-companies.
02. To bring further simplification, it has been decided that Authorized Dealers (ADs)
may remit admissible expenses up to 1(one) percent of annual sales as declared in the previous year's income tax return of the concerned remitter-companies or USD 100,000 whichever is higher. Other instructions in this regards shall remain unchanged. Please bring the contents of this circular to the notice of all your concerned clientele. Yours faithfully, (Md. Shahidul Islam) General Manager (Current Charge) Phone: 9530123

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This document amends: FEPD Circular No. 50: Remittance against current account transactions

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works