10 Percent Tax Imposed on Micro-Savings Interest

The government has mandated a 10 percent source tax on interest earned from micro-savings in institutions like BRAC, ASA, and Bureau Bangladesh.

10 Percent Tax Imposed on Micro-Savings Interest

Approximately 45 million people hold micro-savings in various microfinance institutions, including BRAC, ASA, and Bureau Bangladesh. Previously, the six percent interest earned on these savings was exempt from taxation. Under the new government directive, a 10 percent source tax will now be applied to this interest income.

তথ্যসূত্র: BBC News বাংলা
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