3 Sep

Surcharge on 2 cars 8000sq feet house

first_imgFinance minister AMA Muhith on Thursday proposed in the 2018-19 budget surcharge on individuals who own two motor cars or house property with  an aggregate area of 8,000 square feet in any city corporation.The existing rates of surcharge will remain unchanged, according to the minister’s proposal.He proposed a minimum surcharge of Tk 3,000, where net wealth of an individual exceeds Tk 22.5 million and a minimum surcharge of Tk 5,000 for individuals who have a net wealth exceeding Tk 100 million.He also said 2.5 per cent surcharge on the manufacturers of cigarette, bidi, zarda, gul and other tobacco products will remain unchanged.last_img read more