AIT on EFD lottery prize money withdrawn

নিউ এইজ প্রকাশিত: ০৫ ফেব্রুয়ারি ২০২১, ০৪:১৫

THE National Board of Revenue has waived advance income tax on prize money of the electronic fiscal device lottery.

Income tax wing of the revenue board on Tuesday issued a statutory regulatory order saying that winners of the lottery would be exempted from paying 20 per cent advance income tax on prize money.

According to the Income Tax Ordinance-1984, AIT at the rate of 20 per cent is applicable to lottery prize money.
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