5pc tax rebate for appointing person with differently able

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DHAKA, June 16, 2019 (BSS) – 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
2020-21 for schools, colleges, universities and NGOs so that they have enough
time for the installation of necessary facilities for this purpose.