Proposal to invest undisclosed money in capital market

Finance Minister AHM Mustafa Kamal placed the national budget of Tk 568,000 crore for the fiscal year 2020-21 in the Parliament on Thursday.

In the budget, the minister proposed a money legalising opportunity for individual taxpayers.

He said, they will be allowed to disclose any type of undisclosed property including land, building, flat, and apartment by paying tax at a particular rate on per square meter of the assets.

Besides, the opportunity of showing undeclared cash, bank deposits, savings certificates, shares, bonds or any other securities will be available without facing any question, he added.

The opportunity could be availed by paying taxes at a rate of 10 per cent on the value of said declaration from July 1, 2020 to June 30, 2021.



Dhaka/NT/AKA