5pc tax rebate for appointing person with differently able

DHAKA, The government in the national budget has

proposed 5 percent rebate on total tax if the taxpayer appoints at least 10

percent of total work force of people with differently able.

Finance Minister AHM Mustafa Kamal in the budget speech regarding the

rebate has said the government is doing its best to protect the interest of

the people with differently able and want to reflect this principle in

taxation as well.

Study shows 10 percent of country's population has some sort of

disability and considering this fact, the rebate has been proposed.

Besides, for ensuring services to the persons with differently able,

imposition of 5 percent additional tax on a medical service provider who

fails to ensure special accessibility for physically challenged persons was

introduced last year.

This year, the finance minister proposed to extend its scope by imposing

the application of this provision on schools, colleges, universities and

NGOs.

However, this provision shall come into force from the assessment year

202021 for schools, colleges, universities and NGOs so that they have enough

time for the installation of necessary facilities for this purpose.

Source: Bangladesh Sangbad Sangstha (BSS)