In an effort to expand the tax net, the government has imposed a minimum charge of Tk 2,000 on individuals whose earnings fall below the taxable income threshold but need to file tax returns to receive a range of government services, reports bdnews24.com. The minister stressed the importance of citizen participation in the government’s welfare work by paying minimum tax in return for the 'privileges' provided by the state. Accordingly, he proposed the minimum tax of Tk 2,000 for "competent people who are below taxable income but has obligation to submit an income tax return to take service from government". In FY23, individuals were required to submit tax return certificates to access multiple government services. The latest initiative is geared towards increasing tax revenue by collecting a fee from those who are below the tax-free income ceiling.

Source: bd News24 June 01, 2023 13:54 UTC