Tuition fee remittances sent abroad are not subject to taxation

The proposed budget in Bangladesh exempts certain remittances from tax at source, including tuition fees paid abroad through banks, contributions to professional bodies, and overseas liaison offices. Income Tax officials highlight that banks' reluctance to pay tuition fees in dollars due to the dollar crisis will be alleviated by this exemption. This policy aims to ease financial burdens for Bangladeshi students studying abroad, benefiting those in countries like India, Malaysia, China, Japan, Europe, and America where tuition costs are significant. Overall, the exemption aims to streamline the remittance process and provide financial relief to students.