Lowering municipal holding taxes
Dhaka South City Corporation (DSSC) has been reassessing household, commercial and industrial units under the corporation areas to increase holding tax. City dwellers are in panic. The approved rate for tax is 10 percent of assessment amount – months’ house rent is deducted from the yearly rent as maintenance charges. On balance, 10 percent amount of the 10 months’ rent is counted as tax for the year. The tax amount is less if there is a loan, or if the person does not use the house. Even though the city corporation authority declared that tax rate would not be increased, it seems like the new tax figure will be many folds the present amount.
We urge the elected Mayor of DSSC to reduce the rate from its current 10 percent to eight percent.
Md. Ashraf Hossain
Dhaka
