Ctg city corp moves to increase holding tax by over 500% | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
June 13, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JUNE 13, 2025
Ctg city corp moves to increase holding tax by over 500%

NBR

Abu Azad
18 July, 2022, 10:30 am
Last modified: 18 July, 2022, 12:12 pm

Related News

  • Covid hospitals in Chattogram face ICU, testing kit crisis amid rising infections
  • Tk65 crore wasted on unplanned projects in Ctg City; all four now abandoned
  • 30% export shipment delayed as container handling collapses at Ctg port during Eid closure
  • Over 415,000 animal hides collected in Ctg, thousands dumped amid price crisis
  • Chattogram prepares hospitals amid rise in Covid cases

Ctg city corp moves to increase holding tax by over 500%

Locals fear the decision to increase holding tax may cause social unrest

Abu Azad
18 July, 2022, 10:30 am
Last modified: 18 July, 2022, 12:12 pm
The apartment building that was built with a promise to relocate the slum dwellers is currently being used as the head office of the Chattogram City Corporation. Photo: TBS
The apartment building that was built with a promise to relocate the slum dwellers is currently being used as the head office of the Chattogram City Corporation. Photo: TBS

Highlights:

  • Holding tax may increase by 545.32% to 1,000% 
  • Revenue circles have started issuing notices to house owners
  • House owners are entitled to appeal if they have any objections
  • Experts say holding tax on rents will essentially be double taxation 
  • The tax is evaluated every five years

Businessman Minhajur Rahman has been paying a yearly holding tax of Tk20,725 for his five-storey building on a 3.5 katha plot at Chattogram's Nasirabad Housing Society until now.

But, the amount is set to drastically shot up to Tk1,70,000, which is more than 820%, as the Chattogram City Corporation moves to impose an increased holding tax structure based on house rent.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Considering varying property values and rents, the port city dwellers may have to pay a staggering 545.32% to 1,000% more holding tax than before starting this year. 

"Eight revenue circles of the city corporation have already started sending notices to house owners about the new tax rates," Mohammad Nazrul Islam, Chief Revenue Officer (Deputy Secretary) of the corporation told The Business Standard.

Chattogram residents expressed outrage at the city corporation's decision and feared this increased holding tax will add to the burdens of people, who are already reeling under the stress of rising commodity prices.  

Khaled Khan, a building owner in the city's Halishahar Sabujbag residential area, told The Business Standard, "Earlier, holding tax was assessed per square feet while the new rules determines the tax against the rent or income of the building. In this situation, we have no choice but to increase the rent of the tenants."

Even the city corporation Chief Revenue Officer (Deputy Secretary) Mohammad Nazrul Islam said, "It is not possible for many to pay taxes under the new rules."

He added that they will try to relax the tax burden as much as possible given the house owners appeal.

According to the City Corporation Taxation Rules, the tax is determined in the city corporation areas once every five years.

The revaluation of holding and land taxes in the Chattogram City Corporation started in 2016 under then mayor AJM Nasir Uddin, with the process continuing till January 2017 in two phases. The documents were released in August that year.

After the revaluation, the Chattogram City Corporation proposed to collect around Tk851.30 crore in FY 2017-18 against 185,248 holdings.

When citizens launched a movement against the proposal, the late CCC mayor ABM Mohiuddin Chowdhury and former mayor Manzur Alam expressed their solidarity with the movement. Later, the issue of raising holding tax was suspended due to the protest.

But after Rezaul Karim Chowdhury took office as mayor, the city corporatiojn sent two letters requesting the withdrawal of suspension on holding tax given by the Ministry of Local Government. In response to the letters, the government lifted the suspension on 18 January, allowing the city corporation to start collecting holding tax.

The revenue department of the city corporation said that the target of holding tax collection in the budget of 2021-22 fiscal year has been set at Tk183.76 crore. Calculations based on the new tax rules will increase revenue in this sector to Tk851.30 crore.

"In 1986, during the tenure of the dictator Ershad's government, this idea of determining the holding tax on rents came up in a faulty ordinance. Such idea do not exist anywhere in the world," said economist and former professor of Chattogram University Mainul Islam. 

"Rent is the income of the house owner, and for which he is liable to pay yearly income tax. Now, if he has to pay holding tax on the same rental earnings, it will be 'double taxation' on the income, which is against the generally accepted tax policy," he elaborated.

Municipal tax higher in Ctg than in Dhaka

The Chattogram City Corporation currently collects 17% municipal tax that includes 7% holding tax, 3% electricity and 7% for waste disposal.

In comparison Dhaka North and City Corporation collects 12% municipal tax including the same 7% holding tax.

Chattogram residents say they are not getting any necessary services despite paying extra municipal taxes than the capital dwellers.

Hasan Maruf Rumi, Joint Secretary and spokesperson of Chattogram Taxpayer Protection Council, said, "The citizens of Chattogram enjoy less benefits than those of Dhaka and so it is unreasonable to collect more taxes. 

He added that they will soon launch a program on the issue of new holding tax rules.

Mayor Rezaul Karim Chowdhury said, "For legal reasons, we have to start the process of collecting the proposed holding tax. Billing has started for this already. However, if anyone has objections, they can appeal." 

Economy / Top News

Chattogram City Corporation / Chattogram City Corporation (CCC) / Holding Tax / holding taxes / CTG / Chattogram

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infographics: TBS
    Lengthy legal road ahead to repatriate Saifuzzaman's wealth from UK
  • From fact-checker to fact-checked: CA Press Wing’s turn in the hot seat
    From fact-checker to fact-checked: CA Press Wing’s turn in the hot seat
  • Wreckage of a Boeing 787 Dreamliner showing part of its registration "VT-ANB" in Ahmedabad, India, June 12, 2025. REUTERS/Amit Dave
    Air India Dreamliner crashes into Ahmedabad college hostel, kills over 290

MOST VIEWED

  • Keir Starmer declines to meet CA Yunus: FT report
    Keir Starmer declines to meet CA Yunus: FT report
  • Wreckage of a Boeing 787 Dreamliner showing part of its registration "VT-ANB" in Ahmedabad, India, June 12, 2025. REUTERS/Amit Dave
    Air India Dreamliner crashes into Ahmedabad college hostel, kills over 290
  • Saifuzzaman Chowdhury. Photo: Collected
    UK crime agency now freezes assets of ex-land minister Saifuzzaman: AJ
  • File Photo of Chief Adviser Muhammad Yunus: UNB
    Prof Yunus to receive Harmony Award from King Charles today
  • Infofgraphics: TBS
    DGHS issues 11-point directive to prevent spread of Covid-19 in Bangladesh
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Bangladesh mulls settlements with tycoons over offshore wealth: BB governor tells FT

Related News

  • Covid hospitals in Chattogram face ICU, testing kit crisis amid rising infections
  • Tk65 crore wasted on unplanned projects in Ctg City; all four now abandoned
  • 30% export shipment delayed as container handling collapses at Ctg port during Eid closure
  • Over 415,000 animal hides collected in Ctg, thousands dumped amid price crisis
  • Chattogram prepares hospitals amid rise in Covid cases

Features

Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

1d | Panorama
Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

2d | Features
File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

3d | Features
Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

5d | Bangladesh

More Videos from TBS

Banks' estimates were wrong: Bangladesh Bank spokesperson

Banks' estimates were wrong: Bangladesh Bank spokesperson

9h | Podcast
What exactly happened to the ill-fated Boeing aircraft?

What exactly happened to the ill-fated Boeing aircraft?

10h | TBS World
Govt to set up Debt Office as loan burden to hit Tk29 lakh cr by FY28

Govt to set up Debt Office as loan burden to hit Tk29 lakh cr by FY28

11h | TBS Insight
Curfew imposed for second night in Los Angeles

Curfew imposed for second night in Los Angeles

11h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net