Regulatory Alerts2016-06-29
Added · Updated
FEPD Circular No. 18: Remittance towards publication related fees of articles for publication in international journals
Authorized Dealers may release foreign exchange to cover publication-related fees for articles written by resident Bangladeshi nationals in reputed international journals. This permission replaces the previous requirement for specific approval from Bangladesh Bank. Authorized Dealers must verify the genuineness of invoices from foreign publishers and ensure the deduction of applicable taxes before effecting the remittance.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. www.bb.org.bd FE Circular No. 18 Date: June 29,2016 All Authorized Dealers of Foreign Exchange in Bangladesh Dear Sirs, Remittance towards publication related fees of articles for publication in international journals Permission from Bangladesh Bank is required to release foreign exchange towards remittance of publication related fees for publication of articles in international journals. 02. As a part of liberalization, it has been decided that Authorized Dealers (ADs) may release foreign exchange towards remittance of publication related fees for publication of articles in reputed international journals written by resident Bangladeshi nationals. While effecting remittance, ADs shall satisfy themselves about the genuineness of the invoices from the publishing companies/publishers abroad and deduction of applicable taxes. Please bring the contents of this circular to the notice of all concerned. Yours faithfully, (Md. Abdul Mannan) Deputy General Manager Phone: 9530319
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