New budget: Muhith proposes keeping minimum tax at Tk 3,000

Finance Minister AMA Muhith has proposed retaining the minimum tax at Tk 3,000.

He made the suggestion while presenting the Tk 3.14 trillion national budget for the 2016-17 financial year in Parliament on Thursday.

Muhith said, “A taxpayer who has a taxable income and belongs to any of the city corporations of Dhaka North, Dhaka South, or Chittagong, is currently paying Tk 5,000 as minimum tax.

“It is Tk 4,000 for taxpayers from other city corporations. And the rest of the taxpayers in the country are paying Tk 3,000 as minimum tax.”

“I propose that these rates remain the same for the next year as well,” he said.