‘Foreigners taking away Tk26,400cr illegally every year’
Economy
05 February, 2020, 12:05 pm
Last modified: 05 February, 2020, 02:27 pm
Around 2.5 lakh foreigners are working in Bangladesh, but only 9,500 of them are paying tax regularly
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, Transparency International Bangladesh (TIB) revealed in a report today.
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.
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