The Association of Mobile Telecom Operators of Bangladesh (AMTOB) has urged the government to make the corporate tax rate for the mobile operator companies at 25 per cent in the upcoming national budget, slashing the rate by 15 per cent.
Secretary-General of AMTOB Brigadier General (retd) SM Farhad made the proposal at a pre-budget meeting with the National Board of Revenue (NBR) held at the NBR Bhaban in the capital's Segunbagicha area on Wednesday, reports BSS.
Presided over by NBR Chairman Abu Hena Md Rahmatul Muneem, NBR members (customs policy) Md Masud Sadique, Zakia Sultana (VAT Policy) and Shamsuddin Ahmed (income tax policy) took part, among others, in the meeting.
AMTOB secretary-general demanded reducing the corporate tax rate of the listed mobile operators at 25 per cent from the existing 40 per cent while that of the non-listed companies at 32 per cent from the existing level of 45 per cent.
He also demanded withdrawing or rationalising a minimum two per cent turnover tax on non-profit operators side by side reducing the supplementary duty on data services at five per cent alongside increasing the VAT at 15 per cent as the ideal tax rate.
Referring to the VAT exemption on 2G and 3G services according to a notification from the BTRC, Farhad appealed for giving the same facility to 4G services.
Besides, the AMTOB also proposed repealing Taka 200 tax on SIM cards alongside some VAT exemption proposals at the regulatory bodies.
