Previously, the source tax on these items was 1 percent.

However, commercial importers will face 2.5 percent to 7.5 percent.

Meanwhile, the corporate tax rate for merchant banks has been proposed to be reduced to 27.5 per cent from the existing 37.5 per cent.

Imports of fertiliser, seed, and cotton will also get zero-duty benefit next year.

The move targets referral hospitals and all healthcare facilities with more than 50 beds.

From fiscal year 2025-26, the maximum tax rate will be 6 percent, while the minimum rate will be set at 1 percent.

The benefit will be available from the fiscal year 2025-26.

A proposal has been placed to add 79 new items to the duty-free list.

The government decided to reduce the tax on trading to meet the demands of stock brokerages.

The proposed outlay is nearly 1 percent lower than the Tk 797,000 crore budget for the outgoing fiscal year ending this month

Finance Adviser Dr Salehuddin Ahmed is delivering budget speech

According to the primary draft plan, revenue budget size is Tk 5,74,000 crore

In a year stripped of spectacle, interim govt set to deliver an outlay shaped by restraint, realism and possibly, reform

The interim government is likely to impose a 10 percent supplementary duty on over-the-top (OTT) platform services in the upcoming budget for the fiscal year 2025-26 — a move that is expected to raise consumer costs and increase spending on paid streaming services.

The interim government is likely to retain the opportunity to invest undeclared wealth, commonly known as black money, in the real estate sector, albeit with a sharp increase in associated tax rates.

Govt puts inflation control, revenue reform, fiscal restraint at the heart of its economic plan

The interim government is set to introduce a wide range of tax and duty reforms in the upcoming fiscal year to facilitate the country’s smooth graduation from Least Developed Country (LDC) status and drive economic growth.

Exports and remittances are climbing, foreign exchange reserves have steadied, and the exchange rate has shown signs of stability

These include steps to reduce the cost of doing business and align tax policies with the requirements of LDC graduation

Debapriya Bhattacharya tells The Daily Star