Regulatory Alerts2025-05-20
Added
FEPD Circular No. 19: Remittance on account of correspondence courses
Authorized Dealers in Foreign Exchange in Bangladesh may effect remittances for correspondence or distant certification courses paid by students to foreign professional or educational institutions for professional examinations. Remittances must be made in the name of the foreign institutions, subject to applicable tax deductions, and are limited to one course at a time. Subsequent payments require a current progress report, and all foreign exchange purchases for the course duration must occur through a single AD bank branch. Authorized Dealers must maintain separate files for each student containing the TM Form, invoice, and declaration as specified in Annex-A.
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