Bangladesh Bank (BB) has instructed all scheduled banks to follow the government's decision on waiver of 5.0 per cent tax at source on the profit gains from investment up to Tk 0.5 million in pensioner certificates and wage earners development bonds, reports BSS.
Tax at source on the profit gains in investment above Tk 0.5 million in these savings tools will remain as usual and this tax will be considered as final tax payment, said the BB in a circular Wednesday.
This waiver will be effective for pensioner certificates and wage earners development bonds to be purchased from July 1, 2014 and afterward, the BB said.
The 5.0 percent tax at source and other taxes on the profit gains from investment of other savings instruments will remain effective.
BB\\\'s circular on waiver of tax at source on savings tools
FE Team | Published: July 10, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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