No source tax for IT freelancers

Bangladesh Bank announced on Sunday that freelancers are not required to pay tax at source on remittance from IT freelancing operations, putting a stop to speculations on social media.

The central bank issued a circular in this regard.

The announcement comes a day after Zunaid Ahmed Palak, state minister for the ICT division, claimed that some people were disseminating false information by asserting that freelancers must now pay source tax, which was propaganda against Bangladesh Bank, the National Board of Revenue (NBR), and him.

However, an NBR spokesman said non-IT freelancers will have to pay a 10% tax at the source. 

/MHK/