53AA. Collection of tax from shipping business of a resident.-

¹[53AA. Collection of tax from shiping business of a resident.-

Commissioner of customs or any other authority, duly authorised in this behalf, shall not grant port clearence to a ship owened or charterd by a resident assessee unless ²[a certificate is received in prescrived manner from Deputy Commissioner of Taxes concerned and] tax at the rate of ³[five percent] of total freight receved or receivable in or out of Bangladesh has been paid of carriage of passanger, livestock, mail or goods , shiped at any port of Bangladesh ⁴[:
 

provided that tax shall be collected at the rate of three percent of total freight receved or receivable from services rendered between two or more foreign countries.]

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¹ Ins. Sec. 53AA by F.A. 2005
² Ins by F. A. 2015
³ Subs. for "four percent" by F.O. 2007
⁴ Ins. by F.A. 2009

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