September 23, 2023, 2:16 pm

Staff Correspondent

2023-06-01 23:55:06 BdST

Tk 2,000 minimum income tax proposed

Finance Minister AHM Mustafa Kamal has proposed a minimum income tax of Tk 2,000 for individuals who required submitting income tax returns to avail of various government services even if they do not have taxable incomes.

“I propose to make the minimum tax Tk 2,000 among competent people who are below taxable income but has obligation to submit income tax return to take service from the government with a view to circulating this participation in the government welfare work,” he said.

The finance minister proposed this while placing the national budget for FY24 at Jatiya Sangsad on Thursday.

At present, registered taxpayers have to file their income, expenditure, and wealth statements and get proof of submission of returns to avail 38 types of services.

The existing minimum tax for people with taxable income in three city corporations in Dhaka and Chattogram is Tk 5,000 while it will remain unchanged.

In the same way, the minimum tax is Tk 4,000 for other city corporations and Tk 3,000 for other areas which will also remain the same in the next year.

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