Regulatory Alerts2023-02-16
Added · Updated
SD Circular Letter No. 02: Regarding data submission of Foreign Direct Investment according to new time schedule
The document amends the submission deadlines for Foreign Direct Investment (FDI) reporting forms. FDI recipient and outward FDI sending institutions must now submit complete reporting forms (Form FI-1 and Form FI-2) with supporting documents to their authorized dealer banks within 20 days of the end of each quarter, replacing the previous one-month deadline. Additionally, authorized dealer banks must submit the verified data via the Web Portal and hard copies to the Statistics Department's FDI Management Cell within one month of the end of each quarter, replacing the previous 15-day deadline. These new time schedules become effective for the quarterly period of January-March 2023.
Topics
Share