FBCCI proposes Tk5 lakh tax-free income threshold in FY27 budget
The proposal was made today (29 April) at the Advisory Committee meeting of the National Board of Revenue
Highlights:
- The move cites inflation and pressure on low-income earners
- The current threshold stands at Tk3.5 lakh
- It also proposed Tk5.5 lakh for senior citizens and women with a 25% maximum tax rate
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has proposed raising the tax-free income threshold for individual taxpayers to Tk5 lakh in the upcoming national budget.
The proposal was made today (29 April) at the Advisory Committee meeting of the National Board of Revenue held at the Pan Pacific Sonargaon Hotel in the capital.
Keep updated, follow The Business Standard's Google news channel
The meeting, jointly organised by the NBR and the FBCCI, was attended by Finance Minister Amir Khosru Mahmud Chowdhury as the chief guest.
Presenting the FBCCI's proposals, the organization's administrator Md Abdur Rahim Khan said that considering inflation and the real income situation of low-income groups, the tax-free income threshold for individuals should be set at Tk5 lakh.
He said, "The current tax-free income threshold for individual taxpayers is Tk3.5 lakh."
He also recommended setting Tk5.5 lakh for senior citizens and women and capping the maximum tax rate at 25%.
