Finance Minister Abul Maal Abdul Muhith has said the government is considering imposing a tax on income derived from house rents and motor vehicles.
The finance minister, however, did not offer any details on the possible rates that might be applied.
In addition to this, corporate taxes on various sectors of the economy will come down in the coming fiscal year, he said.
“We will impose income tax on some portion of the income of owners which are derived from rental income and motor vehicles,” he told reporters.
He was speaking to members of the media following a pre-budget meeting with the members of 17 parliamentary standing committees at the state guest house Padma yesterday. He said lawmakers had demanded the imposition of the tax as the number of buildings and motor vehicles had increased substantially in recent times.
