Published : 08 Jun 2018, 01:32 AM
Updated : 19 Oct 2022, 02:13 PM
But the good news is for listed banks and other financial institutions as the budget proposed to reduce the tax rate for them by 2.5 percentage points to 37.5 percent.
“We will lose a certain amount of tax revenue from such rationalisation of corporate tax rate; however, this will give a positive signal to our investors,” said Muhith.
In the face of demand for reducing corporate tax further, Muhith said: “This is not correct. Corporate tax for publicly traded companies in Bangladesh is 25 percent, which is lower than in many countries in South Asia and very compatible with the global average of 24.29 percent.”
