• Sunday, Oct 24, 2021
  • Last Update : 12:45 am

Budget FY22: 30% income tax for corporations, NGOs

  • Published at 04:48 pm June 3rd, 2021
Bangladesh Parliament building Jatiya Sangsad Bhaban Mehedi Hasan
File photo of the Bangladesh Parliament complex in Dhaka Mehedi Hasan/Dhaka Tribune

Finance Minister says the current rate 'is inconsistent with our philosophy of taxation'

Finance Minister AHM Mustafa Kamal has proposed 30% income tax for artificial juridical persons which includes corporations, government agencies and NGOs.

While presenting a Tk603,681 crore budget for the 2021-22 fiscal, the minister proposed this rate saying that the entities currently enjoyed rates applicable for individuals, which was "inconsistent with our philosophy of taxation."

He also proposed a reduced tax of 15% for income from private universities, private medical, dental and engineering colleges, and private colleges conducting only ICT courses through a statutory regulatory order.

He proposed to the house to include the 15% rate in the Finance Act.

111
Facebook 109
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail