Regulatory Alerts2010-09-28
Added · Updated
DFIM Circular Letter No. 18: Ensuring Use of Revenue Stamp
Financial institutions are required to ensure the mandatory application of a five Taka revenue stamp on every receipt for amounts exceeding 200 Taka, as stipulated by Entry 53 of Schedule 1 to the Stamp Act, 1899. This directive addresses the non-compliance observed in some institutions that fail to affix stamps for receipts under 500 Taka, a practice classified as a punishable offense. The Ministry of Finance has instructed all government, semi-government, autonomous, corporate, and institutional employees to enforce this requirement immediately.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.
Share