Finance Minister AHM Mustafa Kamal on Wednesday said that the provision for whitening undisclosed money would remain in the national budget for the next fiscal.

He also said the government would continue this until the undisclosed money is legalized fully. 

The Finance Minister was responding to a question of a reporter after chairing two separate meetings on Cabinet Committee on Economic Affairs and the Cabinet Committee on Government Purchase (CCGP).

Mustafa Kamal said that if this undisclosed money could not be brought back to the mainstream of the economy, then the economy would not get treatment in a proper way. 

He said the government is gradually reducing income tax rate, stamp duty and registration cost so that everyone could pay tax with ease and comfort and there is more revenue collection.

The minister however said that all would have to wait till the placing of the national budget for FY22 on June 3 to know in which areas the scope for whitening undisclosed money would remain in place.

BDST: 1855 HRS, May 19, 2021
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