‘Offer 15pc dividend or pay 5pc more tax’

Dhaka, Bangladesh (BBN)-The listed companies, other than banks, insurance and non-banking financial institutions, will have to pay 5 percent more tax if they fail to provide at least 15 percent dividend,” according to the Finance Bill-2015.
However, the companies which will provide 15 percent dividend or more will be charged as regular tax rate.
The Finance Bill 2015 also proposed that during the year of going public a company will enjoy 10 percent tax rebate, if it offload 20 percent shares of its’ paid-up capital.
BBN/BB/ANS

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