Corporate tax coming down, e-TIN not required to open accounts


In the proposed budget of the financial year 2026-2027, the corporate tax rate is kept unchanged in the case of listed and unlisted companies in the stock market, but it is being reduced in the main budget. Subject to conditions, the corporate tax rate can be discounted at the rate of two and a half percent for the next five fiscal years.


According to National Board of Revenue (NBR) sources, this exemption can be given to businesses mainly to encourage investment, attract foreign investment, increase industrial production, create employment and increase tax GDP.


On the other hand, under the guise of private universities, the tax rate may be discounted by 5 percent. And taking into account inflation, the tax-free life expectancy of individuals can be increased by Tk 25,000.


At the same time, the gain tax on sale of gold for individual taxpayers may be reduced from 15 percent to 5 percent. The government may withdraw from the position after widespread criticism over imposition of VAT on retailers. The obligation of e-TIN to open a bank account may be waived.


My bangla/ rabbi



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