jamuna news: Finance Minister AMA Muhith on Sunday night assured businessmen of taking steps in the upcoming national budget to reduce corporate tax from the existing 35 percent.
“I’ll take steps to reduce the corporate tax in the coming budget. I’ve been trying to do it for the last 10 years. I hope I’ll be able to do it this time,’’ he told a discussion.
The Institute of Chartered Accountants of Bangladesh (ICAB) arranged the program titled ‘Discussion on Path to an Easier Business Environment’ at a city hotel.
Muhith also said the size of the budget for the coming 2017-2018 fiscal year could be as high as Tk 4,50,000 crore.
The minister voiced frustration as the country is not witnessing any boost in private investment though there is now no political turmoil.
The contribution of the private sector to the GDP is 42 percent which remains static for a few years. It must be increased by 3-4 percent,” he added.
Muhith, however, said Bangladesh has progressed far for its investments in agriculture, industries and service sectors.