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Surcharge on two pvt cars, 8000sq ft of house space

FE Report | June 08, 2018 12:00:00


People owning two private cars or a house in a city corporation area might be required to pay wealth surcharge from the next fiscal year (FY).

Additional wealth tax may apply to those owning two four-wheel motor cars or a house with an aggregate size of 8,000 square feet or above.

The proposed Finance Bill-2018 has incorporated a provision to bring more well-off people under the purview of the wealth tax.

Finance Minister AMA Muhith proposed imposition of at least Tk 3,000 as surcharge for any individual with net wealth exceeding Tk 22.5 million.

He also proposed a minimum surcharge of Tk 5,000 for any individual with net wealth exceeding Tk 100 million.

Surcharge on the manufacturers of cigarette, bidi, zarda, gul and other tobacco products remains unchanged at 2.5 per cent in the proposed budget.

Wealth surcharge is imposed at a certain rate ranging from 10 per cent to 30 per cent on the payable income tax of well-off people.

People having income above Tk 22.5 million (2.25 crore) have to pay wealth surcharge as per the Income Tax Ordinance-1984.

Mr Muhith on Thursday placed in parliament the national budget for FY 2018-19.

He is the first finance minister to unveil the budget for 10th time in a row since 2009.

doulot_akter@yahoo.com


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COMPANY YCP HIGH LOW CLOSE %CHG
IBP 10.0 44.9 32.0 44.3 343%
PRIMETEX 31.3 34.4 32.0 34.4 9.9042%
REPUBLIC 31.9 35.0 31.8 35.0 9.7179%
HFL 26.7 29.3 27.2 29.1 8.9888%
VFSTDL 45.8 50.2 46.0 49.8 8.7336%
SHAHJABANK 27.2 29.9 27.2 29.4 8.0882%
ASIAPACINS 23.9 25.8 23.7 25.5 6.6946%
SEBL1STMF 11.8 12.5 12.5 12.5 5.9322%
VAMLRBBF 7.8 8.1 8.0 8.1 3.8462%
UTTARABANK 31.7 33.4 31.2 32.9 3.7855%
COMPANY YCP HIGH LOW CLOSE %CHG
IBP 44.6 44.9 32.0 33.0 35.1515%
REPUBLIC 35.0 35.0 31.8 31.8 10.0629%
VFSTDL 50.2 50.2 46.0 46.0 9.1304%
SHAHJABANK 29.5 29.9 27.2 27.3 8.0586%
HFL 29.3 29.3 27.2 27.2 7.7206%
PRIMETEX 34.4 34.4 32.0 32.0 7.5%
ASIAPACINS 25.7 25.8 23.7 24.0 7.0833%
UTTARABANK 32.9 33.4 31.2 31.3 5.1118%
DELTALIFE 115.0 117.5 110.1 110.1 4.4505%
ANLIMAYARN 34.1 34.1 32.5 32.7 4.2813%
COMPANY YCP HIGH LOW CLOSE %CHG
SEMLIBBLSF 10.7 9.7 9.7 9.7 -9.3458%
SAMATALETH 48.3 48.6 45.0 45.2 -6.4182%
AL-HAJTEX 76.9 77.0 71.5 72.7 -5.4616%
MONNOSTAF 4639.4 4407.5 4407.5 4407.5 -4.9985%
SKTRIMS 35.0 35.2 33.0 33.3 -4.8571%
TAKAFULINS 26.8 26.8 25.0 25.5 -4.8507%
CENTRALPHL 15.2 15.5 14.4 14.5 -4.6053%
BBS 31.7 31.9 30.0 30.3 -4.4164%
FIRSTFIN 6.8 6.6 6.4 6.5 -4.4118%
LEGACYFOOT 213.0 203.7 198.0 203.7 -4.3662%
COMPANY YCP HIGH LOW CLOSE %CHG
SAMATALETH 45.1 48.6 45.0 48.6 -7.2016%
KAY 192.5 210.0 214.0 QUE 195.6%
IMAMBUTTON 24.0 25.5 23.9 25.5 -5.8824%
CENTRALPHL 14.6 15.5 14.4 15.4 -5.1948%
HAKKANIPUL 48.3 50.9 48.3 50.9 -5.1081%
SAMORITA 69.3 73.0 68.5 73.0 -5.0685%
BSC 35.4 37.2 35.4 37.2 -4.8387%
NURANI 20.0 21.0 19.8 21.0 -4.7619%
DESHBANDHU 16.2 17.0 16.2 17.0 -4.7059%
SHEPHERD 35.1 37.3 35.0 36.8 -4.6196%