Government may get rid of black money amnesty amid criticismThe interim government may scrap the provision allowing the legalisation of undisclosed income through investment in the housing sector. The new budget proposal increased this threshold to Tk 2,000 per square foot, or Tk 21,530 per square metre. For properties not exceeding 200 square metres in these same areas, the current threshold is Tk 4,000 per square metre. In FY 2024-25, a blanket amnesty had been offered to legalise any undisclosed income, including cash or shares, by paying a flat 15 percent tax without any questions asked. Although the interim government scrapped the blanket amnesty in September, it did not remove the provision allowing legalisation of real estate investments.
