Bangladesh News Desk: Lawmakers passed the ‘Finance Bill 2022’ on Wednesday, approving the provision to bring back laundered money by giving a specific amount of taxes despite opposition from different quarters on the amnesty.
Finance Minister AHM Mustafa Kamal moved the Bill in the House and it was passed by voice votes.
He also said the Asian Development Bank has projected Bangladesh’s GDP growth to be the second-highest in Asia during the 2021-22 and 2022-23 fiscal years.
He claimed that Bangladesh’s GDP growth rose 188 percent which was the highest in the world during the 2009-2019 period. Besides, China had secured the second position with its GDP growing 177 percent, respectively.
The finance bill has offered Bangladeshis a scope to repatriate any undisclosed cash, bank deposits, bank notes, convertible securities and financial instruments by paying a 7 percent tax.
Besides, the undisclosed asset holders would be allowed to show any of their immovable assets outside Bangladesh in tax returns by paying a 15 per cent tax.
Before passage, treasury bench and opposition lawmakers asked for 17 amendments to the Bill but it was rejected by voice votes.
