Remitted over Tk 260b annually: TIB
Staff Correspondent: Foreign employees working in different sectors in Bangladesh remit around Tk 264 billion through illegal means evading government tax worth about Tk 120 billion every year.
Transparency International Bangladesh (TIB) revealed the information unveiling a research report at a media call in Dhaka yesterday. TIB Executive Director Dr Iftekharuzzaman spoke at the program and its Program Manager (research and policy division) Manzur-E-Khuda presented the research report.
According to the research report, as many as 250,000 foreign nationals are working in the country and they earn $4.5 billion per annum.
Of the total foreign workers, 90,000 are legally employed. As per the research findings, on an average a foreign worker earns minimum US$1,500 a month.
To avoid tax, most of the workers send their earnings through illegal channel and as per the findings they send Tk 264 billion. As a result, government loses about Tk12,000 crore revenue.
As per the law, a foreign employee has to pay 30% income tax on earnings.