The government has made important decisions in the customs structure in the income tax, value added tax and customs sector. A meeting of the Advisory Council held at the chief adviser's office on Sunday (June 22) has approved the national budget of the fiscal year 2021-27.
The information was released in a press release sent from the finance ministry on Sunday (June 22).
Income tax sector
The government has imposed 22.5 percent tax for the company's at least 5 percent paid -up capital IPO (primary public offering) or direct enrollment of the publicly traded company. However, if all kinds of income is made through bank transfer in the year, the tax rate will be 20 percent.
In the case of all other publicly traded companies, 25.7 percent has been taxed. However, if all the income in the consideration year is finished by bank transfer – the currency has been made 20 percent.
Private universities, private medical colleges, private dental colleges, private engineering colleges or private colleges employed in information technology have been raised at 5 percent instead of 5 percent.
The existing tax deduction rate in collecting tax from the transfer of property is 5 percent, 5 percent and 5 percent in place of 5 percent, 5 percent and 2 percent respectively.
Value
In the case of importing refined petroleum products, 2 percent instead of 5.7 percent; Value addition tax exemption at the production phase produced in the recycling process from Jhut; In advance of the release of the beauty parlor operated by women entrepreneurs, the exemption on the rent and the import of the heart rings and eye lenses has been exempted.
Customs
In import of all types of petroleum products instead of tariff price instead of tariff prices, the budget of the crude petroleum product has been reduced by 5 percent to 5 percent in the budget of the fiscal year by 5 percent and in other cases the import tariff has been reduced by 5 percent.
In addition, the import duty has been reduced from 5 percent to 5 percent to make the equipment more accessible to the production of solar energy.
Five more items have been added to the import of import equipment and materials of the hospital issued in the budget for the fiscal year 2021-27, so that medical services can be made more accessible for the people.
The import duty of raw materials for the production of quality tires in the country has been reduced from 5 percent to 5 percent.
The provisions of investment display have been abolished in the building or apartment by paying special taxes.
