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The government may scrap the entire black money-whitening facility at the advisory council meeting scheduled for today.
The council is set to approve an amended Finance Ordinance 2025 by abolishing existing facility to invest undisclosed money in land and house properties by paying higher taxes, effective from July 1, 2025.
The Finance Ordinance 2025, has promulgated on June 2, 2025 came with the provision, a continuation of the existing one with higher taxes.
A senior official at the Ministry of Finance said there will be two ordinances for Fiscal Year 2025-26, one promulgated on June 2 and another on Sunday.
Also, raw materials for manufacturing air conditioner compressors may get tax benefits in the amended finance ordinance.
A development budget worth Tk 2.456 trillion is likely to be approved by the council.
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