The Local Government Division has published a gazette notification of new tax schedule for the municipalities, increasing taxes in municipality areas across the country.
The gazette, signed by Local Government Ministry’s Senior Secretary Monzur Hossain, was issued on October 23 as per the provision of Local Government (Municipal) Act, 2009.
According to the new schedule, the taxes on land and buildings in municipality areas might be fixed at up to 7% of the real prices of the properties. But freedom fighters would enjoy tax exemption for maximum 1,000 square feet of their lands or buildings in the municipality areas.
The municipal authorities would have the authority to impose at least 2% tax on real price of properties for handing over the lands or properties in the area.
However, the taxes would not be applicable for the lands used for places of worship and government charity organisations.
The trade licence fees increased from existing Tk150 to Tk300.
The authorities concerned would have to pay certain fees for cutting roads for any repair work in municipality areas. The mayors would fix the taxes, considering the damages to be assessed by engineers.
It also keeps a provision of imposing annual taxes for removing waste and using the drainage system.
Taxes, however, would be applicable for the lands of freedom fighters or places of worship and charity public organisations if the lands or buildings are used commercially.
The taxes would not be applicable for Waqf, charity or sports clubs and cultural organisation’s properties.
