The government is making a list of people earning more than Tk 16,000 a month to tax them as part of a plan to bring all earning citizens under the tax net, the finance minister says.
AMA Muhith made the disclosure after visiting Shahi Eidgah ground in Sylhet on Monday ahead of Eid-ul-Azha congregation.
“Those earning over 16,000 a month must pay income tax. A list is being prepared,” he said.
Muhith said the government planned to spread the tax net over all earning persons within a year.
But it would take some time to make the list, he added. “It will be implemented next year or sometime after.”
In a programme of the National Board of Revenue on Sep 7, the finance minister revealed the plan to tax all earning people.
“It can be Tk 10, 20, 30, 50, whatever,” he said.
Currently, a person earning Tk 250,000 or more annually has to pay income tax.
In case of Tk 16,000 as the ceiling of tax-free monthly income, the annual tax-free income will be Tk 192,000.
Source: Bd news24
