Dhaka, June 2 -- Finance Adviser Dr Salehuddin Ahmed on Monday proposed to continue the opportunity to legalize undisclosed income - commonly referred to as black money - through investment in the real estate sector, including purchasing apartments or flats and constructing buildings.

Although the facility remains in place, the tax rates have been significantly increased compared to previous years, as announced in the FY2025-26 budget.

According to the proposal, the tax rates for whitening black money through real estate investments vary by location and property size. Key highlights include:

Tk 2,000 per square foot for buildings/apartments with a plinth area over 2,000 sq ft in Gulshan, Banani, Baridhara, Motijheel, and Dilkusha areas...