BANGLADESH NEWS
Prime Minister Sheikh Hasina has requested Finance Minister AMA Muhith to waive the proposed 2 percent mobile phone bill tax at source and cut export tax to 0.8 percent at source.
The tax on export of all products including readymade garment was proposed at 1.2 percent in the next budget.
Speaking on the proposed budget on Wednesday, she also urged the Finance Minister to raise individual income tax ceiling to Tk 200,000 from Tk 180,000.
The Prime Minister's proposals are set to be adopted, as per custom, in the budget for 2012-13 fiscal before Parliament passes it.
On Jun 7, Muhith proposed for levying the tax on the total bill of post-paid cell phone users and on recharge of pre-paid phone card.
Currently, 90 million mobile phone users across the country pay 15 percent Value Added Tax (VAT) on bills, according to the Bangladesh Telecommunication Regulatory Commission (BTRC).
The tax on export of all products including readymade garment was proposed at 1.2 percent in the next budget.
Speaking on the proposed budget on Wednesday, she also urged the Finance Minister to raise individual income tax ceiling to Tk 200,000 from Tk 180,000.
The Prime Minister's proposals are set to be adopted, as per custom, in the budget for 2012-13 fiscal before Parliament passes it.
On Jun 7, Muhith proposed for levying the tax on the total bill of post-paid cell phone users and on recharge of pre-paid phone card.
Currently, 90 million mobile phone users across the country pay 15 percent Value Added Tax (VAT) on bills, according to the Bangladesh Telecommunication Regulatory Commission (BTRC).
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