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Deduction from Payment to Actors, Actresses, Producers, and Other Entertainment Professionals under Section 93 of the Bangladesh Income Tax Act, 2023. |
Deduction from payment to actors, actresses, producers, etc under Section 93 | Bangladesh Income Tax Act -2023
As per section-93(ITA-2023),
Deduction of Tax from Payments to Actors, Actresses, Producers, etc.
1) Any person responsible for making a payment, whether in whole or in part, for the purchase of a film, play, television program, or radio program shall deduct tax at the rate of 10% (ten percent) from the amount paid or payable at the time of payment or credit to the account of the payee.
2) Any person making a payment, whether in whole or in part, for services rendered in acting in a film, play, advertisement, television program, or radio program shall deduct tax at the rate of 10% (ten percent) from the amount paid or payable at the time of payment or credit to the account of the payee.
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Frequently Asked Question (FAQ):
1. What is Section 93 of the Bangladesh Income Tax Act, 2023?
Answer:
Section 93 requires tax deduction at source (TDS) from payments made to actors,
actresses, producers, directors, singers, musicians, presenters, and other
entertainment professionals as prescribed under the Bangladesh Income Tax Act,
2023.
2. Who must deduct tax under Section 93?
Answer:
Any person or organization making payments covered under Section 93 is
responsible for deducting tax at the applicable rate before making the payment
to the recipient.
3. Which payments are covered under Section 93?
Answer:
Section 93 generally applies to payments made for acting, producing, directing,
presenting, singing, musical performances, entertainment services, and similar
professional activities specified by the Income Tax Act.
4. What happens if tax is not deducted under Section 93?
Answer:
Failure to deduct or deposit tax as required under Section 93 may result in
penalties, interest, and other legal consequences under the Bangladesh Income
Tax Act, 2023.