Dhaka, Bangladesh (BBN)-The mobile phone users of Bangladesh will have to pay more as Finance Minister AMA Muhith has proposed a two percent supplementary duty raise on SIM cards from three percent in the outgoing fiscal.
“In order to enhance revenue collection from this sector, I am proposing to increase the rate of supplementary duty on SIM card related services from 3 percent to 5 percent,” Finance Minister AMA Muhith said while unveiling his budget speech in Dhaka Thursday afternoon.
“In FY 15-16 budget, we have significantly reduced the tax on SIM card. This has resulted in the reduction in revenue collection from mobile sectors,” he also added.
The duty tax exemptions or concessions to most of the items of the information technology sector will continue.
However, duty reduction of some of the inputs used for the manufacture of SIM Cards, Scratch Cards, Credit Cards and other smart cards is proposed in the budget in order to support this sector.