The National Board of Revenue (NBR) on Sunday loosened the mandatory tax filing requirements for loans and credit cards.
“Subject to non-taxable income the obligation to submit proof of income tax return submission to the scheduled banks in case of taking out loans up to Tk 20 lakh and credit card transactions up to the limit of Tk 2 lakh in the student category has been relaxed,” according to an official notification issued by NBR.
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The directive will be in effect until June 30 of the following year.
