Tax at source on three bonds withdrawn

The tax at source on three bonds including the Wage Earner Development Bond has been withdrawn for the current 2015-16 financial year, an official statement said. The Debt Management Department of Bangladesh Bank (BB) in a circular Wednesday said there would be no tax at sources on the interest from savings in the Wage Earner Development Bond, US Dollar Premium Bond and US Dollar Investment Bond. The directive is applicable from July 1, 2015. The government earlier in the national budget proposed a 10.0 percent tax at sources on these three bonds, according to a news agency.