The withdrawal of the 2 per cent turnover tax was one of the two conditions Robi had for going publicRobi, the country’s second-largest mobile operator, has once again sought tax break from the government it was promised for getting listed on the bourse. The withdrawal of the 2 per cent turnover tax was one of the two conditions Robi had for going public, the talks of which began from 2013 at least. If the minimum tax is withdrawn, Robi would be a profitable company and would be able to reward its investors generously, the letter said. “Had the 2 per cent minimum tax on our revenue been removed, our earnings per share could easily have been Tk 0.64,” Alam told Dhaka Tribune on Tuesday. As a result, Robi was subjected to an effective tax rate of 71.8 per cent for 2020.

Source: Dhaka Tribune February 16, 2021 19:52 UTC