Bangladesh's NBR mulls raising corporate tax rate to up to 20%

The corporate tax rate for the garment sector now is 12 per cent; for green factories, it is 10 per cent.

Pressure from the International Monetary Fund (IMF) is said to be one of the reasons behind the planned decision to raise revenue collection and aim to eliminate disparities in corporate tax rates across sectors.

But nothing has been finalised yet as the proposal will be submitted to the finance adviser and the chief adviser, and will be implemented in the next budget only after they agree to it, a domestic media outlet reported.

ALCHEMPro News Desk (DS)