Regulatory Alerts2012-12-06
Added · Updated
BRPD Circular Letter No. 13: Amended Duty of The Stamp Act, 1899 (Act II of 1899)
The document mandates that scheduled banks in Bangladesh ensure the collection of revised stamp duties under the Stamp Act, 1899, as amended by the Finance Act, 2012, effective July 1, 2012. It specifies that the Ministry of Finance has revised duties for Section 4(1), Section 30, and 41 entries in Schedule I to increase non-NBR tax revenue. Banks are required to immediately follow these instructions and ensure compliance with the new duty amounts listed in the attached schedule.
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