Inward Remittances | VDB

Bangladesh Keyword: Inward Remittances

Circular No. 03 dated 22 February 2023 issued by the Foreign Exchange Policy Department of the Bangladesh Bank on “Raising of the Limit for Declaration on Form C of Inward Remittances”

March 4, 2023

https://www.vdb-loi.com/bd_publications/circular-no-03-dated-22-february-2023-issued-by-the-foreign-exchange-policy-department-of-the-bangladesh-bank-on-raising-of-the-limit-for-declaration-on-form-c-of-inward-remittances/

Aiming to facilitate inward remittances, the threshold for having to declare inward remittances on Form C has been raised from US$10,000 to US$20,000 or its equivalent. In addition, no declaration is required for inward remittances sent by Bangladeshi nationals working abroad.