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Budget FY24: No new amnesty announced for bringing back laundered money

report in Dhaka Tribune, June 2, 2023
There was no announcement regarding any amnesty for bringing laundered money from abroad during the reading out of the proposed national budget for the 2023-24 fiscal year on Thursday.

Finance Minister AHM Mustafa Kamal unveiled a Tk7,61,785 crore proposed budget in parliament.

The government last year decided to offer Bangladeshis a scope for legalizing their unreported assets outside the country without facing any questions.

They would have to pay taxes ranging from only 7-15% in order to make use of this opportunity, the minister said while announcing last year’s proposed budget.

At that time, there was a lot of criticism about giving this opportunity.

Economists said no one would use this facility, and in the first 10 months of that financial year, no one had paid 7% tax and brought back their money to the country. https://www.dhakatribune.com/bangladesh/2023/06/02/morning-brief-298