The National Board of Revenue (NBR) has exempted tax in donations to the Bandhu Social Welfare Society, an organization working with people of the third gender, UNB reports.
NBR Chairman Abu Hena Md. Rahmatul Muneem signed an order that Bandhu Social Welfare Society will get a conditional tax-free facility. And this opportunity will remain valid for the next 5 years.
The NBR’s public relations officer Syed A Mumen confirmed it to UNB on Wednesday.
The NBR order states that no tax will be levied on income received from all kinds of donations and grants other than the bank interest income of the Bandhu Social Welfare Society income from developmental work for the heterosexual and heterosexual population.
However, the condition is that this income should be used for welfare of the people of third gender and the organization must abide by the provisions of that ordinance.
Besides, in the last budget also special tax exemption was announced for giving jobs to people of the third gender.
It states that if an organization employs 10 per cent of its total employees or more than 100 third gender persons, then 75 per cent of the salary paid to those employees or 5 per cent of the tax payable, whichever is less, will be given to the employer as tax deduction.
Earlier, in the budget of last fiscal year, tax benefits were also given to the people of the third gender. For the first time, a tax-exempt income limit is waived for third-gender taxpayers. Their tax-free income limit has been increased from Tk 3 lakh to Tk 3.5 lakh.
