Business Desk :
Local merchant banks have proposed reducing the corporate tax rate to 15% for listed companies in the next national budget.
Bangladesh Merchant Bankers Association (BMBA) made the proposals through a letter sent to the chairman of National Board of Revenue (NBR) on Wednesday.
As per existing rules, the listed companies, other than the banks, insurers, financial institutions, tobacco companies and telecom operators pay corporate tax at a rate of 22.5%. The BMBA said the reduction of corporate tax to 15% for the listed companies will encourage many more companies to go public and the government’s revenue income will also be enhanced.
