News & Insights

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...

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FE Circular Letter No.19: 3rd May, 2020

Considering the prevalent COVID-19 pandemic related disruptions, it has been decided that foreign owned/controlled companies operating in Bangladesh irrespective of their respective sectors may have access to any short term working capital loans from their parent...

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FE Circular Letter No.15: 20th April, 2020

According to the provisions of paragraph 10, chapter 11 of the Guidelines for Foreign Exchange Transactions-2018, Vol-1 and subsequent related circulars, ADs can effect remittance on account of academic fees including boarding and lodging, health insurance, incidental...

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FE Circular Letter No.11: 12th April, 2020

In order to minimize COVID-19 pandemic related disruptions caused towards importers and facilitate their business, a circular has been issued by Bangladesh Bank (BB) wherin bullet repayment was made permissible for imports under supplier’s/buyer’s credit in accordance...

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