Largest and fastest growing business Portals
Tweet
**[1[2[53BB. Collection of tax from export of certain items.-
The bank, throughwhich export proceeds of an exporter of knit wear and woven garments, terry towel, carton and accessories of garments industry jute goods, frozen food, vegetables, leather goods, packed food is received, shall deduct tax at the rateof 3[zero point five percent (0.5%)] of the total export proceeds at the time of crediting the proceeds to the account of the exporter:
Provided that where the Board, on an application made in this behalf, gives a certificate in writing that the income of the exporter is partly or fully exempted from tax under any provision of the Ordinance, credit to the account of the assessee shall be made without any deduction of tax or deduction of tax at a rate less than the rate specified in this section for the period mentioned in that certificate.
....................................................
** The rate under section 53BB has been reduced from "(0.80%)" to "(60%)" by SRO No. 224-L/2015. Dated: 02/07/2015 }
1 Ins. Sec. 53BB and 53BBB by F.A. 2005
2 Subs. Sec 53BB by F.A. 2009
3 Subs. for "onr percent (1%)" by F.A. 2020
* The rate "zero point eight zero percent (o.10%)" has been reduced to "zero point zero five percent (0.05%)" by SRO No. 334-L/IT/2011 Dated: 27/10/2011
Golden Bangladesh is a point of access to information.We present information from diverse sources in a unified way. It is the leading web portal, e-Directory and business guide in Bangladesh.
Leave a Comment