Where any payment is to be made by a specified person to a resident on account of royalties, franchise, or the fee for using license, brand name, patent, invention, formula, process, method, design, pattern, knowhow, copyright, trademark, trade name, literary or musical or artistic composition, survey, study, forecast, estimate, customer list or any other intangibles, the person responsible for making the payment shall, at the time of making payment, deduct income tax at the rate specified below-
| Description of payment | Rate |
|---|---|
| Where base amount does not exceed taka 25 lakh | 10% |
| Where base amount exceeds taka 25 lakh | 12% |
