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The Income-tax Ordinance, 1984

( Ordinance NO. XXXVI OF 1984 )

[ 4th June, 1984 ]

Chapter VII

PAYMENT OF TAX BEFORE ASSESSMENT

Collection of tax from shipping business of a resident
53AA. Commissioner of Customs or any other authority, duly authorised in this behalf, shall not grant port clearance to a ship owned or chartered by a resident assessee unless 1[a certificate is received in prescribed manner from Deputy Commissioner of Taxes concerned and] tax at the rate of 2[five percent] of total freight received or receivable in or out of Bangladesh has been paid for carriage of passengers, livestock, mail or goods, shipped at any port of Bangladesh. 3[:
 
Provided that tax shall be collected at the rate of three per cent of total freight received or receivable from services rendered between two or more foreign countries.]
 
  • 1
    The words “a certificate is received in prescribed manner from Deputy Commissioner of Taxes concerned and” were inserted after the word “unless” by section 34 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
  • 2
    The words “five percent” were substituted for the words “four percent” by section 30 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
  • 3
    The colon(:) was substituted for the full-stop at the end and thereafter proviso was added by section 22 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July 2009).
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