Tk 2,000 minimum income tax imposed

Individuals who are required to submit income tax returns to avail of various government services will have to pay a minimum tax of Tk 2,000 even if they do not have taxable incomes.

The new rule will come into effect from 2023-24.

Registered taxpayers have to file their income, expenditure, and wealth statements and get proof of submission of returns to avail 38 types of services.

The existing minimum tax for people with taxable income in three city corporations in Dhaka and Chattogram is Tk 5,000, which will remain unchanged. 

At the same way, the minimum tax is Tk 4,000 for other city corporations and Tk 3,000 for other areas.