Foreign nationals can take home full after tax

The government has relaxed the family remittance policy for foreign nationals. 
From now on, they can send 80pc of their income to their country at any time of the year after tax without any question. This was 75pc earlier.
The circular further said authorised dealers “are also allowed to remit foreign nationals’ net income from the employers’ Foreign Currency Account opened and maintained for this purpose to abroad where the family members of the foreign employees reside.”
Before sending the remittances, banks will have to ensure that the amount being moved does not exceed the balance in related bank accounts of the foreigners.
In addition, the amount will be calculated after deduction of the payable taxes.
A Bangladesh Bank official said the central bank had taken the initiative as a part of its efforts to liberalise the country's foreign exchange regime.
This will help foreigners perform their jobs more smoothly.