The government has finalised plans to introduce three separate minimum income taxes for people with Taxpayer’s Identification Number, instead of the uniform rate.
People living in the most advanced areas of the country will have to pay Tk5,000 in taxes – which is the highest - while it will be Tk3,000 for people in rural areas, according to amendments made in the Finance Bill 2015.
Besides, taxpayers living in areas under the three city corporations in Dhaka and Chittagong will have to pay the highest tax, which is Tk5,000, while it will be Tk4,000 for people living in other city corporations and Tk3,000 for those residing outside city corporation areas.
On June 4, Finance Minister AMA Muhith proposed to introduce Tk4,000 as the minimum income tax irrespective of where someone lives.
At present, the minimum tax for city corporation residents is Tk3,000 while Tk2,000 is for district residents and Tk1,000 for residents of upazila and other areas.
