DHAKA, Sept 2, 2024 (BSS) - The National Board of Revenue (NBR) has withdrawn 
the provision which allowed taxpayers to whiten black money without scrutiny 
by paying a 15 percent tax.

The tax authority today issued a notification in this regard.

The development comes a few days after Syeda Rizwana Hasan, the environment 
adviser, told journalists that the interim government would scrap the 
provision.

The exemption allowed taxpayers to legalise undeclared income without facing 
any questions about the source of wealth. However, the taxpayer would have to 
pay a 15 percent tax on their assets, including cash, for the current fiscal 
year.

The decision drew sharp criticism from economists, trade bodies and civil 
society.