Tax at source on income of three govt bonds withdrawn

Bangladesh Bank withdrew on Wednesday tax at source on the incomes of three government bonds, including wage earners’ development bond. A circular of the central bank, issued by the Debt Management Department (DMD), said that in reference to the letters of Bangladesh government, Ministry of Finance, Internal Resource Division, and Directorate of National Savings (DNS) dated July 2, and the letter of the National Board of Revenue dated June 30, Article 52D of the Income Tax Provision has been amended by Budget 2015.  As per the amendment, no deduction of any tax at source will be applicable on the income from the interest of any amount to be invested in the Wage Earners’ Development Bond, US Dollar Premium Bond and the US Dollar Investment Bond, according to a news agency.