Turnover tax on mobile operators reduced from 2% to 1.5%

Turnover tax on mobile operators has been reduced from 2 percent to 1.5 percent in the proposed national budget. 

However, industry insiders point out that this change is unlikely to benefit consumer as the impact will be limited.

Under current tax rules, the turnover tax reduction applies only to companies that are not profitable. 

Among the three major mobile operators—Grameenphone, Robi, and Banglalink—only  Banglalink qualifies for this provision, as the others already contribute corporate tax from their profits. 

Taimur Rahman, chief corporate & regulatory affairs officer at Banglalink, said, "We welcome any reduction in taxes, but we believe it should be lowered to zero. When the company becomes profitable, it can then reimburse the previous turnover taxes."