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Stakeholders seek wider corporate tax gap between listed, non-listed firms

Staff correspondent
15 Feb 2022 17:09:30 | Update: 15 Feb 2022 17:13:54
Stakeholders seek wider corporate tax gap between listed, non-listed firms
— File photo

The country’s stock exchanges — Dhaka and Chittagong Stock Exchange — and the Bangladesh Merchant Bankers Association (BMBA) on Tuesday sought an increased gap in corporate tax between listed and non-listed companies in the upcoming national budget to attract good companies to the bourses.

At a pre-budget meeting held at the National Board of Revenue (NBR) headquarters in Dhaka on the day, leaders and representatives from the Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE), BMBA, and Bangladesh Insurance Association (BIA) came up with the demand at a pre-budget meeting.

NBR member (Customs) Md Masud Sadik presided over the meeting.

The BMBA said the reduction of corporate tax to 15 per cent for listed companies will encourage many more companies to go public, and the government's revenue income will also be enhanced.

As per existing rules, listed companies, other than banks, insurers, financial institutions, tobacco companies, and telecom operators, pay corporate tax at a rate of 22.5 per cent, compared to 30 per cent for non-listed companies.

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