Deduct 15pc tax from interest on deposits : NBR
Monday, 27 October 2014
The government's revenue agency Sunday instructed commercial banks to deduct 15 per cent tax at source from the interest amounts of bank depositors having old 10-digit taxpayer-identification numbers. Currently, a bank deducts 10 per cent tax at source on interest amount of all depositors. Officials said the National Board of Revenue (NBR) sent a letter to the Bangladesh Bank in this connection.—FE Report