Facility allowing overseas payment for webinars extended

The Bangladesh Bank has extended the time period allowing overseas payment of fees for webinar solution services till 31 December 2021.

Earlier, in August 2020 the central bank said the facility allowing such payments will be valid till 31 March 2021.

According to an earlier circular, the authorised dealer banks can make outward remittances for webinar payments through issuance of virtual card or one time card in the name of the nominated official of the applicant entities.

The authorised dealer banks may remit outward on account of actual payments against relevant invoices of webinar solution services and supporting documents regarding payment of applicable taxes and levies, the earlier circular stated. The banks would continue following these instructions, the central bank said in a circular issued in this regard on 13 April.

An official of the central bank said the period of remittance facility for webinar payments was extended considering the ongoing pandemic situation.

He also said many domestic and foreign companies need this facility to continue their business activities. If they cannot pay for the webinars timely, it will hamper their businesses.

Exporters in particular have increased online communication with their buyers in the wake of the epidemic. They will benefit from the increased time period, he added.