2015-07-08

Added 2026-08-11 · Updated 2026-08-14

DMD Circular Letter No. 03: Redemption of Source Tax on Wage Earner Bond along with two bonds

The document informs scheduled banks that source tax deductions on interest earned from the Wage Earner Development Bond, US Dollar Premium Bond, and US Dollar Investment Bond are no longer applicable for any investment amount. This exemption is effective from July 1, 2015, following amendments to Section 52D of the Income Tax Ordinance, 1984, via the Budget 2015 measures.

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