Bangladesh’s National Board of Revenue (NBR) is looking into increasing the corporate tax rate on tobacco companies, according to a story in The Daily Star.
At present, the corporate tax rate for publicly traded tobacco companies is 35 per cent while that for non-publicly traded companies is 42.5 per cent.
The proposal now under consideration would increase the tax rate on both listed and non-listed companies by between 2.5 and 5 percentage points during the next financial year, which begins on July 1.
In addition, the NRB is apparently considering an increase in the tax on bidis, from six per cent to 10 per cent.
Category: Breaking News