[ Business ] 2018-06-14
No VAT, tax on remittances, says Shahriar
State Minister for Foreign Affairs M Shahriar Alam yesterday urged the Bangladeshis living abroad not to pay heed to any rumor saying no VAT or tax is imposed on remittance, reports UNB.

“There was no such discussion. Don’t pay heed to rumor,” he said amid rumors that the government has proposed tax on remittance.

Shahriar Alam said there is a planned effort to spread confusion among the expatriates over the issue.

“This may be an act of those who send money illegally (without banking channel). With them, anti-government people are there, too,” he said in a Facebook status.

The State Minister laid emphasis on disseminating correct information among the expatriates instead of creating confusion with the false news.

Earlier, a video went viral in which it was seen a Bangladeshi, who claimed to be from Malaysia, sharply criticized Finance Minister AMA Muhith for what he says imposing so-called tax and VAT on income of expatriates.

No VAT has been imposed on remittance in the proposed budget for 2018-19 fiscal yea, the National Board of Revenue (NBR) also said yesterday.

In a statement, NBR said it is being spread out on social media that Value Added Tax (VAT) has been imposed on the remittance in the FY2018-19 . “It’s completely false and rumour,” it said.
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