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Economy

MCCI upset over proposed corporate tax structure

Star Online Report
Fri Jun 8, 2018 07:43 PM Last update on: Fri Jun 8, 2018 07:47 PM

Metropolitan Chamber of Commerce and Industries (MCCI) today expressed discontent over the proposed corporate tax structure in the budget for fiscal 2018-19.

The discontent came in purview of a 2.5 per cent cut in corporate tax for banks, non-bank and insurance companies as proposed by Finance Minister AMA Muhith.

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The proposed budget has only reduced the tax rates for banks, insurance and financial institutions which is appreciated, they said in a statement released today.

However, the long-standing demand of the business community for reducing the corporate tax rate has not been addressed, the statement read.

Related topic:
Bangladesh National Budget 2018-19Metropolitan Chamber of Commerce and Industries (MCCI)
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