Bangladesh Finance Minister Amir Khasru Mahmud Chowdhury announced that the corporate tax rate will remain unchanged for the upcoming fiscal year. The existing rate from the current fiscal year will continue, with the decision aimed at maintaining policy consistency and providing long-term tax certainty for investors.
Although the rate will not change immediately, the minister stated that efforts will be made to gradually reduce corporate taxes in the future by expanding the overall tax base to ensure adequate revenue collection. He also emphasized simplifying tax administration and making it more business-friendly.
The minister proposed several targeted tax incentives, including zero percent turnover tax for startups and technology-based enterprises, tax exemptions for SME entrepreneurs up to 5 million taka and for women and disabled entrepreneurs up to 7 million taka, zero percent tax for solar power investments until 2035, and full tax exemption for edible oil production using domestic seeds for the first five years, followed by partial exemption for the next five years.