ACC working to identify tax-evading foreigners 
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Wednesday
June 29, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
WEDNESDAY, JUNE 29, 2022
ACC working to identify tax-evading foreigners 

Corruption

TBS Report
16 February, 2020, 01:05 pm
Last modified: 16 February, 2020, 01:09 pm

Related News

  • Let us fix problems locally, PM asks labour leaders 
  • Can a foreigner sue in a Bangladeshi Court?
  • China to extend preferential tax policies for foreigners until end-2023
  • Putin plans to offer vaccinations to visiting foreigners for a fee
  • Putin plans to offer vaccinations to visiting foreigners for a fee

ACC working to identify tax-evading foreigners 

At least 2.5 lakh foreigners from 44 countries are working in 21 sectors in the country

TBS Report
16 February, 2020, 01:05 pm
Last modified: 16 February, 2020, 01:09 pm
Photo: ACC Chairman Iqbal Mahmud/Collected
Photo: ACC Chairman Iqbal Mahmud/Collected

The Anti-Corruption Commission (ACC) Chairman Iqbal Mahmud has said that the commission is working to identity the foreigner workers who are evading taxes.

"Actions are not being taken against the tax-evading foreign workers by the concerned authorities, though there is proper legal ground to do so," the anti-graft commission chief made the remark expressing frustration in a programme at BCS Tax Academy today.

In a recent report, Transparency International Bangladesh (TIB) said, the foreigners working in Bangladesh are taking away Tk26,400 crore every year illegally from Bangladesh. Thus, they evade taxes amounting to Tk12,000 crore every year.

At least 2.5 lakh foreigners from 44 countries are working in 21 sectors in the country. Of them, only 9,500 are paying tax regularly.

These foreigners illegally work in various organisations, mostly in readymade garment sector. They don't use proper banking channel to send remittances to their countries. Rather they use hundi, an illegal means of fund transfer, according to the TIB report.
 

Bangladesh / Top News

foreigners

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Apparel exports see 50% growth in  June amid high inflation in EU, USA
    Apparel exports see 50% growth in June amid high inflation in EU, USA
  • Infographic: TBS
    A golf affair and the birth of a lens industry
  • Strengthen and decentralise IMED: CPD
    Strengthen and decentralise IMED: CPD

MOST VIEWED

  • Independent lawmaker Mujibur demands sanctions on Yunus and Hilary Clinton
    Independent lawmaker Mujibur demands sanctions on Yunus and Hilary Clinton
  • Dr Zubaida Rahman and Tareq Rahman. Picture: Collected
    Tarique, Zubaida declared ‘fugitives’ in graft case
  • Hallmark Group GM Tushar denied bail
    Hallmark Group GM Tushar denied bail
  • Wasa Managing Director Taqsem A Khan. Photo: Collected
    Court rejects case against Wasa MD, tells plaintiff to go to ACC
  • PK Halder’s assets worth Tk350cr found in West Bengal
    PK Halder’s assets worth Tk350cr found in West Bengal
  • Former Delta Life administrator Sultan gets bail
    Former Delta Life administrator Sultan gets bail

Related News

  • Let us fix problems locally, PM asks labour leaders 
  • Can a foreigner sue in a Bangladeshi Court?
  • China to extend preferential tax policies for foreigners until end-2023
  • Putin plans to offer vaccinations to visiting foreigners for a fee
  • Putin plans to offer vaccinations to visiting foreigners for a fee

Features

Mahathir accused financial titans of seeking to reverse decades of economic development that propelled tens of millions into the middle class. Photo: Bloomberg

George Soros, Mahathir and the legacy of 1997

41m | Panorama
 If Bangladesh produces and exports high-value-added MMF products right now, we can increase our total export by around 25% in value. Photo: Mumit M

Time ripe for Bangladesh RMG sector to focus more on man-made fibres

4h | Panorama
Human Library Bangladesh has organised so far nine sessions; eight have been held in different parts of Dhaka and one in Khulna. Photo: Courtesy

Human Library Bangladesh: Where the halls come alive with human voices

5h | Panorama
Abortion is a part of healthcare. Photo: Bloomberg

Abortion is healthcare and women’s rights are human rights

1d | Panorama

More Videos from TBS

Archeological artefacts getting ruined locked in store room

Archeological artefacts getting ruined locked in store room

3h | Videos
Photo: TBS

WB to give Bangladesh $18b IDA loans in next 5yrs

6h | Videos
Why teachers are being humiliated again and again?

Why teachers are being humiliated again and again?

17h | Videos
After Bangabandhu Bridge, will Padma Bridge change economy again?

After Bangabandhu Bridge, will Padma Bridge change economy again?

18h | Videos

Most Read

1
Padma Bridge from satellite. Photo: Screengrab
Bangladesh

Padma Bridge from satellite 

2
Photo: TBS
Bangladesh

Motorcycles banned on Padma Bridge 

3
Japan cancels financing Matarbari coal project phase 2
Bangladesh

Japan cancels financing Matarbari coal project phase 2

4
Photo: Courtesy
Corporates

Gree AC being used in all parts of Padma Bridge project

5
Photo: TBS
Infrastructure

Gains from Padma Bridge to cross $10b, hope experts

6
Desco wanted to make a bold statement with their new head office building, a physical entity that would be a corporate icon. Photo: Courtesy
Habitat

Desco head office: When commitment to community and environment inspires architecture

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab
BENEATH THE SURFACE
An aerial view of a MRT Line-6 construction site. Work on the first elevated metro rail of Bangladesh is going on in full swing. A total of 16 elevated stations will connect the capital’s Uttara to Motijheel via Mirpur, Farmgate and Dhaka University. The photo was taken from Farmgate area recently. Photo: Rajib Dhar

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net