Grameen Bank, for the first time, had paid Tk 10 crore in taxes to ensure compliance for a period of six months, when there was no tax exemption for the microfinance pioneer, said NBR officials yesterday.
The Nobel Peace Prize winning entity deposited the money to state coffers for the period from January 2011 to June 2011.
Grameen Bank had enjoyed tax exemption since its start in 1983. But due to a stand-off between the government and Prof Muhammad Yunus-founded Grameen Bank, the government delayed the decision whether it would extend the tax-free facility after the privilege had expired in December 2010.
Complete Story: thedailystar.net
