Bangladesh to crack down on transfer mispricing following UN report

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Bangladesh to crack down on transfer mispricing following UN report

Bangladesh’s National Board of Revenue intends to check irregular transfers of funds in a bid to reduce the estimated $35 billion revenue loss attributed to transfer pricing.

A UN body recently published a report: Illicit Financial Flows from the Least Developed Countries and found that, between 1990 and 2008, the 48 poorest countries lost $197 billion, with Bangladesh topping the bill.

Bangladesh’s Direct Tax Act, expected July 1 2012, will incorporate measures to investigate the irregular fund transfers during this time period.

The UNDP’s report, written by Global Financial Integrity, blamed an improper allocation of funds due to corruption saying public officials favour those who are willing to pay bribes.

more across site & shared bottom lb ros

More from across our site

The APA resolution signals opportunities for multinationals and will pacify investor concerns, local experts told ITR
Businesses that adopt a proactive strategy and work closely with their advisers will be in the greatest position to transform HMRC’s relief scheme into real support for growth
The ATO and other authorities have been clamping down on companies that have failed to pay their tax
The flagship 2025 tax legislation has sprawling implications for multinationals, including changes to GILTI and foreign-derived intangible income. Barry Herzog of HSF Kramer assesses the impact
Hani Ashkar, after more than 12 years leading PwC in the region, is set to be replaced by Laura Hinton
With the three-year anniversary of the PwC tax scandal approaching, it’s time to take stock of how tax agent regulation looks today
Rolling out the global minimum tax has increased complexity, according to Baker McKenzie; in other news, Donald Trump has announced a 25% tariff on countries doing business with Iran
Among those joining EY is PwC’s former international tax and transfer pricing head
The UK firm made the appointments as it seeks to recruit 160 new partners over the next two years
The network’s tax service line grew more than those for audit and assurance, advisory and legal services over the same period
Gift this article