Apr 1 2009

No Banking Cash Transaction Tax effective April 1, 2009

Effective 01Jun05, a banking cash transaction tax will be charged @ 0.1% on every transaction on any single day being withdrawal of cash from an account (other than savings account) or being receipt of cash on any single day on encashment of one or more term deposits. Tax was levies at 0.1% on cash withdrawal [...]

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