People owning multiple cars to face carbon tax in coming fiscal year

People owning multiple vehicles will have to face cc or kilowatt-based carbon taxes in the coming 2023-24 fiscal year.

The limit of tax has been fixed at Tk 25,000 to Tk 350,000 in the budget for FY23-24, proposed by Finance Minister AFM Mustafa Kamal on Thursday.

The minister proposed various cc and kilowatt-based taxes on multiple vehicles to reduce environmental pollution. The proposed tax rates are:

. Tk 25,000 for each additional 1,500cc or 75kWh car.

. Tk 50,000 for cars from 1,500cc or 75kWh to 2,000cc or 100kWh.

. Tk 75,000 for cars from 2,000cc or 100kWh to 2,500cc or 125kWh.

. Tk 125,000 for cars from 2,500cc or 125kWh to 3,000cc or 150kWh.

. Tk 200,000 for cars from 3,000cc or 150kWh to 3,500cc or 175kWh.

. Tk 350,000 for cars above 3,500cc or 175kWh.