In the upcoming fiscal year, the government plans to double the source tax on bank-interest incomes for public universities and MPO-listed educational institutions from 10% to 20%. Conversely, tax on provident fund and gratuity for private employees may decrease to 10% from 15%. Source tax for primary schools on bank deposits could be halved to 10% from 20%.
Additionally, tax on revenue sharing and fees from mobile-phone operators for BTRC may increase to 20%. Shareholders and directors of publicly listed companies might face a 15% tax, and individual investors could see a 15% tax if capital gains exceed Tk 5.0 million. VAT on tungsten bulb and tubelights may rise to 15% from 5.0%. NBR could increase VAT on SIM cards to Tk 300 and impose higher taxes on mobile-phone users’ talk time. Corporate tax on cooperative societies may increase to 20% from 15%.