NBR to cut minimum turnover tax rate amid trader demands
Facing demands from the business community, the National Revenue Board (NBR) is reducing the minimum turnover tax rate. The NBR is stepping back from its decision under the new Income Tax Act to impose a 1% minimum turnover tax on annual sales regardless of profit or loss. Under the new decision, the minimum turnover tax will be 0.5% if annual sales exceed Tk2 crore. The agency is currently...…
We haven't written up this one. Dhaka Tribune Business has the full story — the link below goes straight to it.
