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Dhaka Tribune

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

There was a lot of criticism when the facility was announced during last year’s budget unveiling

Update : 02 Jun 2023, 10:41 AM

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.

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