The National Board of Revenue on Wednesday formed a committee to identify Bangladeshi citizens who laundered money abroad, officials concerned said.
The four-member committee will also prepare a work-plan to prevent tax evasion by Bangladeshi people through laundering money, they said. The committee, headed by joint commissioner of the Central Intelligence Cell of the NBR Shabbir Ahmed, was asked to submit a report within one month suggesting the way to bring them under tax net and purview of law, they said.
Most of the Bangladeshi citizens who are laundering money either buy home abroad under ‘second home scheme’ of different countries or make investments, the officials said.
Some others, mainly from business community, also launder money through over-invoicing of import consignments.
The committee will also examine the sources of income of the second home owners and if they pay taxes, they said.
Last month, NBR chairman Ghulam Hussain told reporters that the revenue board would take steps to identify Bangladeshi citizens who bought homes abroad under the second home scheme to ensure tax collection from them.
The revenue board has also started collecting data about the people from several countries mainly from Malaysia, Canada and United Arab Emirates where it is believed that many Bangladeshi people bought home with the money laundered from the country, he said.
-With New Age input
