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What is Outward Remittances for Government Projects about?

Bangladesh Bank has issued FE Circular No.22 to authorize designated Authorized Dealers (ADs) to facilitate outward remittances for project-related expenses, including consultancy and management fees, under specific conditions. These conditions include government approval of projects, agreements with foreign beneficiaries, and compliance with tax regulations. ADs must also adhere to existing laws regarding due diligence and reporting to Bangladesh Bank.

Author

imtiaz

Language

EN