No source tax for IT freelancers

Bangladesh Bank yesterday clarified that freelancers do not have to pay tax at source on remittance from IT freelancing jobs, ending speculations on social media.

The central bank issued a circular in this regard.

The circular comes a day after State Minister for ICT Division Zunaid Ahmed Palak stated that a section of people was spreading lies by saying that freelancers now have to pay source tax, which is a propaganda against Bangladesh Bank, the National Board of Revenue (NBR) and him.

However, an NBR official said a 10 percent tax at source would be applicable for non-IT freelancers.