The National Board of Revenue (NBR) is restructuring the minimum tax on business turnover to ease financial pressures on enterprises struggling with the ongoing energy crisis and rising operational costs.
Approved by Finance Minister Amir Khosru Mahmud Chowdhury, the revised tax structure will take retrospective effect from July 1, 2026 with replacing the current blanket 1.0% rate that burdened small and midsize businesses regardless of profit margins.
Revised Turnover Tax Rates:
Up to Tk 20 million: Fully exempt Tk 20 million to Tk 30 million: 0.25% Tk 30 million to Tk 40 million: 0.50% Above Tk 40 million: 1.0%
The Statutory Regulatory Order (SRO) is currently awaiting final vetting by the Ministry of Law.
This targeted fiscal relaxation primarily benefits small and medium enterprises (SMEs) by removing or significantly lowering their tax liabilities during a period of weak demand and energy shortages.
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Administrator Fazlul Haque welcomed the move as a positive initiative though he noted the business community had pushed for even broader fiscal relief.
