DHAKA: Finance Minister AMA Muhith proposed 25 percent tax for publicly trading companies which is currently 27.5 percent.

During budget speech, he said, “The target set for collection of income and corporate tax in FY 2015-16 is Tk. 65 thousand 932 crore.”

Besides, the tax rate for publicly traded-Bank, Insurance and Financial Institution (other than Merchant Bank) proposed at 40 percent from 42.5 percent.

Meanwhile, the cigarette manufacturer publicly traded companies have been proposed to pay 45 percent tax instead of current 40 percent while the rate now same to non-publicly traded companies.

BDST: 1821 HRS, JUNE 4, 2015
AKA/SMS