Regulatory Alerts2015-07-13
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FEPD Circular Letter No. 12: Regarding the deduction of income tax @ 0.60% against export proceeds under SRO 224-law/2015
The Foreign Exchange Policy Department of Bangladesh Bank circulates SRO 224-law/2015, issued by the National Board of Revenue on July 2, 2015, which establishes a 0.60% income tax deduction rate on export proceeds under the 2015 Budget. Authorized dealer banks are instructed to take necessary action regarding this notification.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. Ref No: FEPD Circular Letter No. FEPD(Export Policy)220/2015-12 Date: July 13, 2015 AD 29 Asharh, 1422 Bangabda
To: All Authorized Dealer Banks engaged in foreign exchange transactions Head Office / Principal Office.
Dear Sirs,
Regarding the determination of the income tax rate of 0.60% on export proceeds under the newly issued SRO 224-law/2015 through the 2015 Budget.
In this regard, SRO 224-law/2015 dated July 2, 2015, issued by the National Board of Revenue through file number 08.01.0000.030.03.009.15/61 dated 02.07.2015 AD is reproduced verbatim on the next page for your information and necessary action.
Yours faithfully,
(Md. Zakir Hossain Chowdhury) Deputy General Manager Phone: 9530250
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