Regulatory Alerts2024-11-13
Added
PSD Circular No. 09/2024: Determination of Fees/Charges for Online Income Tax Payment
The document establishes maximum fee limits for online income tax payments made via the e-Return system through card payments, internet banking, and Mobile Financial Services (MFS) or Payment Service Provider (PSP) wallets. For transactions up to BDT 25,000 using cards or internet banking, the maximum charge is BDT 20 per transaction; for amounts exceeding BDT 25,000, the limit is BDT 50 per transaction. Transactions conducted via MFS/PSP wallets are capped at 1% of the transaction value or BDT 30, whichever is lower, and no chargebacks are permitted on these transactions. These directives apply immediately to all scheduled banks, MFS providers, PSPs, payment system operators, and international payment schemes operating in Bangladesh.