12:27 AM, May 01, 2013 / LAST MODIFIED: 01:00 AM, May 01, 2013

Savar Tragedy

Donations for treatment to be tax-free

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Business Report

The entire amount of donations that will go to Enam Medical College Hospital for the treatment of the victims of Savar tragedy will be tax-free, the National Board of Revenue said yesterday.
The tax administrator in a statutory regulatory order said if the Prime Minister's Office forms any fund for the victims, such donations to the fund will also be exempt from tax.
Enam Medical College will enjoy the privilege, which will remain effective till June 30, due to its contribution to the victims.
Bangladesh Bank and commercial banks have already taken initiatives to create a fund to help the victims.
An NBR official, however, said they are yet to take any decision whether the banks' fund will also enjoy a tax waiver.

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