National Board of Revenue (NBR) Chairman Abdur Rahman Khan announced that individuals who have taken money abroad can bring it back to Bangladesh without any penalty if they pay regular taxes. He made the statement on Wednesday during a pre-budget discussion with business and entrepreneur associations at the NBR headquarters in Agargaon, Dhaka. The chairman clarified that taxpayers who did not declare foreign-held funds in their returns may submit a revised return within 180 days and pay applicable taxes to regularize the money.

During the meeting, the Real Estate and Housing Association of Bangladesh (REHAB) requested reinstatement of a provision allowing investment of undisclosed income, but the NBR chief rejected the idea of tax amnesty, stating that the authority aims to end the culture of tax evasion and low-rate amnesties. He also discussed simplifying money transfers through legal channels and proposed reforms to property registration taxes to ensure transparency and compliance.

Khan emphasized that increasing revenue is essential for stabilizing the economy and funding government welfare and development programs, as Bangladesh’s revenue-to-GDP ratio remains low.