Bring down corporate tax

The country’s apex trade body yesterday demanded a 2.5 percentage point reduction in corporate tax for both listed and non-listed companies and a hike in tax-free income limit for individual taxpayers for fiscal 2019-20. The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) appealed for fixing the tax rate for manufacturing companies at 30 percent for next fiscal year to encourage investment and job creation. Also, it urged the government for extension of loan rescheduling facility for small borrowers in line with big borrowers.