Mobile telecom operators call for corporate tax cut in next budget

0



| Update:
Mar 10, 2022 8:37:18 a.m.


The Association of Mobile Telecommunications Operators of Bangladesh (AMTOB) has urged the government to set the corporate tax rate for mobile operators at 25% in the next national budget, reducing it by 15%.

AMTOB General Secretary Brigadier General (Retired) SM Farhad made the proposal during a pre-budget meeting with the National Board of Revenue (NBR) held on Wednesday at NBR Bhaban in the region. of Segunbagicha, in the capital, reports BSS.

Chaired by NBR Chairman Abu Hena Md Rahmatul Muneem, NBR Members (Customs Policy) Md Masud Sadique, Zakia Sultana (VAT Policy) and Shamsuddin Ahmed (Income Tax Policy) took part , among others, at the meeting.

AMTOB’s corporate secretary has demanded that the corporate tax rate for listed mobile operators be reduced to 25% from the existing 40%, while that of unlisted companies to 32% from the current level of 45% .

He also demanded the elimination or streamlining of a turnover tax of at least 2% for non-profit operators, while reducing the additional tax on data services to 5% and increasing VAT at 15% as the ideal tax rate.

Referring to the VAT exemption on 2G and 3G services according to a BTRC notification, Farhad called for giving the same facility to 4G services.

In addition, AMTOB has also proposed to repeal the 200 Taka tax on SIM cards alongside some proposals for VAT exemption from regulators.

Share.

Comments are closed.