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You are here: Home / Blog / Service Sectors’ Companies allowed to remit cost of training and consultancy services

Service Sectors’ Companies allowed to remit cost of training and consultancy services

February 23, 2014

Bangladesh bank on 18 February, 2014, through FE Circular No. 08 notified that from now on companies engaged in service sector (within the purview of Industrial Policy) may remit through their nominated authorized dealers up to 1% of annual sales as declared in their previous years’ income tax return towards costs of training and consultancy services as per relevant contract with the foreign trainer/consultant.

Previously this facility was only available for companies engaged in manufacturing or processing or assembling.

Filed Under: Bangladesh Bank, Foreign Exchange, Foreign Investment

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