FE Circular Letter No.23: 17th June, 2020

FE Circular Letter No.23: 17th June, 2020

According to the instructions of Bangladesh Bank in terms of which local deliveries are permissible under inland Back to Back Letters of Credit (BBLCs)/usance LCs/sight LCs, Authorize Dealers (ADs) are advised to provide acceptance of the delivery documents within...
BRPD Circular No.13: 15th June 2020

BRPD Circular No.13: 15th June 2020

In accordance with the previous circular on loan classification, Bangladesh Bank by virtue of section 45 of the Bank Companies Act 1991 has directed all scheduled banks not to downgrade the classification of any borrowers for defaulted loans between the period of 1...
FE Circular No.22: 16th June, 2020

FE Circular No.22: 16th June, 2020

According to chapter 19 of the Guidelines for Foreign Exchange Transactions2018 (GFET), Vol-1 , it has been decided that ADs may issue International Debit Cards in favor of eligible persons against their annual travel entitlements, subject to observance of the...
FE Circular Letter No.22: 11th June, 2020

FE Circular Letter No.22: 11th June, 2020

As per chapter 7 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Volume-1, Bangladesh Bank permits Authorized Dealers (Ads) to issue import LCs with realization clause for imports by companies operating in EPZ/EZ. Considering this, in order to...
The Income Tax (Amendment) Ordinance 2020

The Income Tax (Amendment) Ordinance 2020

The Income Tax (Amendment) Ordinance 2020 effective from 25th March 2020 and executed through Bangladesh Gazette has introduced a new section (Section 184 G). This section provides the power to condone fine or extend the time limits of any provisions of this Ordinance...