Grameen Bank is tax exemption until ২0২0

Posted by BankInfo on Tue, Apr 18 2017 11:47 am

Bank News 4 dots kamah 5-year tax exemption benefits again is the Grameen Bank National Board of Revenue (NBR). As a result of the tax exemption until December ২0২0 income tax imposed on the income of any bank, suparatyaksa or business profit taxes will also be excluded. Esaaraora earlier this year from January 1 through December 31 of the 011 tax exemption was given. The summary will be sent soon to the finance minister that the NBR sources confirmed. Tuesday bordasabhaya NBR has decided in principle on the bank tax, he said. NBR member said on condition of anonymity, bordasabhaya the bank raised the issue of tax exemption, the consent of all members. After the approval of the summary worksheet will be sent to the Finance Minister.

According to sources, the Grameen Bank Tax Zone-14 Circle 287 adhiksetrabhukta tax payer. Taxpayer Identification Number (TIN) 0702001884. Total income of the company has been assessed karabarse 201213 365 crore 31 lakh.

According to the meeting, on 31 December of this year, the bank was supposed to end tax exemption benefits. The bank tax exemption period until ২0২0 application growth. Their application for consideration by the board meeting to propose new tax exemption for 5 years, the NBR decided in principle.

The NBR tax exemption to the application refers to the Grameen Bank, the organization after a series of tax exemption benefits shareholders (members of the government and the landless) is unable to provide a dividend. In the process, 006 to 100 percent, 0 percent to 007, from 008 until 013 was 30 percent. In 30 percent of the profits will be given to the continuation of 014. A large number of the population of the country the opportunity to empower the organization has received earned income as dividends. Dividends on the government money is invested.

According to sources, a summary of bordasabhaya worksheet will be sent after approval by the Finance Minister. After the approval of the finance minister to look into the legal basis for bhetinyera will be sent to the Ministry of Law. Ministry of Law No Objection received final notification will be issued. The notification will be issued on the same day, to be able to benefit from the tax exemption for the next 5 years the Grameen Bank.

However, two of the 568 bank branches in 81 of the 390 villages in the country's nearly 86 million people in 54 of the members are small loans. Under the program, members of the families of the more than 5 million. Grameen Bank has disbursed Rs 500 crore a year, about 13 thousand.

news:news24 com/18-apr-2017
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