loader image for Bangladeshinfo

Breaking News

  • Scarlett Johansson tops Forbes highest-paid actresses list

  • Walton brand electronics and ICT products to be available in USA

  • Former Indian minister Arun Jaitley passes away

  • PM pays tributes to Muzaffar Ahmed

  • Brazil sends army to tackle Amazon fires

5% source tax for savings tools up to Tk 5 lakh


5% source tax for savings tools up to Tk 5 lakh

Finance Minister A H M Mustafa Kamal on Monday (Jul 29) said that five percent tax at source would be applicable to all types of savings certificates, including family savings certificates, up to Taka 5 lakh investment to facilitate the small savers and pensioners, local media reported.

“We’ll take tax at source at 5 percent rate against all types of savings certificates including family savings certificates up to Taka 5 lakh, and an SRO will be issued soon in this regard making it effective from Jul 1, 2019,” he said.

The Finance Minister was talking to reporters at the Finance Division conference room at Bangladesh Secretariat. National Board of Revenue (NBR) Chairman Md Mosharraf Hossain Bhuiyan was present.

Loading...