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GOVERNMENT OF THE PEOPLES REPUBLIC OF BANGLADESH NATIONAL BOARD OF REVENUE Dhaka, the 14th January, 1985
No. S.R.O. 39-L/85. -In exercise of the powers conferred by section 185 of the Income Tax Ordinance, 1984 (XXXVI of 1984), read with sub-section (4) of that section, the National Board of Revenue is pleased to make the following rules, namely:--
3 [17. Deduction of tax from indenting and shipping agency commission.-- (1) The authority making any payment or the Bangladesh Bank or any scheduled bank through which remittance of indenting commission is received shall, for the purpose of making a deduction of tax under section 52(1), deduct or collect an amount calculated at the rate of three and a half per cent on the total receipts of commission. (2) The authority making any payment or the Bangladesh Bank or any scheduled bank through which remittance of shipping agency commission is received shall, for the purpose of making a deduction of tax under section 52(1), deduct or collect an amount calculated at the rate of five percent on the total receipts of commission. (3) Any deduction or collection made by the authority making any payment or the Bangladesh Bank or any scheduled bank receiving any commission under this rule shall be deemed to be an advance payment of tax made by the indentor or the shipping agent, as the case may be.