Bangladesh Bank – seafarers are not non-resident foreign currency earners

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Capt. M.Shahjan Shiraj (15N) writes in the BD Marines today that should be taken very seriously. As per Bangladesh Bank directives; seafarers are not considered to be non-resident foreign currency earners. Test for a non-resident earner is that; one must be a resident of a foreign country for at least six months.

Information to general public for opening and maintaining of Foreign Currency Account with Authorized Dealer banks dealing in foreign exchange

Bangladesh Customs information on NRB facilities

  1. Md Nuruzzaman Sikdar says:

    Following Extracted from FB comments:

    Mohammad Ziaul Abedin
    Mohammad Ziaul Abedin Where did you found BD mariners are not NRB? Can you give reference of the section? As per last conversation with Income tax commissioner if you work in foreign company, paid by foreign currency, out of BD more than 90 days you will be considered as a NRB. I had to change my status and declared me as NRB.
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    Mohammed Gholam
    Mohammed Gholam Mohammad Ziaul Abedin Sir, the rule is copy-paste from Indian rule of NRI; 182 days, not 90.
    But the tax commissioners are yet to impose it too strictly.
    I don’t remember the section any now;
    but the taxes commissioner showed it to me 3 years back.
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    Mohammad Ziaul Abedin
    Mohammad Ziaul Abedin Mohammed Gholam I agree with you, in my last meeting the comissioner in Dhaka told me 90 days for Bangladeshi, I have to submit my Passport stamps to confirm I am out of BD for more than 90 days, then they changed my status to NRB. Thats how I know it is 90 days – though they did not implement it that strictly. Otherwise we have to pay tax under the present law – gave me reference of Dr. Yunus what ever he is earning from foreign he has to pay tax.