Foreigners in Bangladesh can now remit 80% of monthly income
28 December 2021, 03:57 pm | Updated: 27 November 2024, 04:33 am
Bangladesh Bank has relaxed rules for foreign nationals residing in Bangladesh over sending remittances to their home countries.
According to a notice issued on Monday, will be able to remit up to 80 per cent while they were allowed to send home 75 per cent of their monthly income.
The rest of the money, kept in the form of savings in banks, could be repatriated when the foreigners left permanently after expiry of their job contracts.
Before sending the remittances, banks will have to ensure that the amount being moved does not exceed the balance in related bank accounts of the foreigners.
In addition, the amount will be calculated after deduction of the payable taxes.
