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The federal government has reformed the taskforce accountable for bringing again the cash laundered overseas.
The taskforce consists of the lawyer common, BFIU chief and BSEC commissioner, in line with a discover issued by the Monetary Establishment Division of Finance Ministry on Sunday.
The taskforce will take steps to deliver again cash laundered overseas underneath Cash Laundering Act 2012.
The federal government goes to supply Bangladeshis offshore tax amnesty which can assist to lure again the cash syphoned off the nation.
The privilege will stay in power for a yr until June 2023, in line with the FY23 funds proposal to be positioned in parliament on 9 June.
Undisclosed property holders shall be allowed to indicate any of their immovable property exterior Bangladesh in tax returns by paying a 15% tax.
Within the present fiscal yr, the untaxed cash will be invested within the inventory market, topic to paying a 25% tax plus a ten% penalty on the payable tax. There may be additionally a possibility to legalise undisclosed property, akin to flats, financial institution deposits and financial savings devices on comparable situations. Some Tk200-Tk6,000 for per sq. metre relying on sizes and places must be paid within the case of a flat legalisation, alongside the penalty.
Moreover, black cash will be invested in bonds, financial zones and hi-tech parks on the cost of a flat 10% tax.
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