Freelancers will now receive encashment certificate from MFS

The Bangladesh Bank today asked banks to provide freelancers with encashment certificates through mobile financial service (MFS) providers so that they can submit the document at the time of income tax payment.

Many freelancers prefer MFS providers to receive earnings sent by foreign entities against different outsourcing services.

The fund sent from abroad are transferred to MFS providers through banks.

So, from now on, the freelancers will collect their encashment certificate generated by banks, according to a notice issued by Bangladesh Bank.

A Bangladesh Bank official said the instruction has been given to help ease the process of income tax payment by the freelancers.