Tag Archives: Co-operative

Co-operatives call to withdraw 15 per cent income tax

Co-operative

MNA Business Desk: Co-operative leaders have urged the government policy-makers including the Ministry of Finance to withdraw 15 per cent income tax on co-operative societies. The Co-operative Credit Union League of Bangladesh Limited (CCULB) in a statement signed by its Chairman Jonas Dhaki and Secretary Emdad Hossain Malek, said the existing income tax had been hampering the socio-economic development of distressed and under-privileged people. The 15 per cent tax was imposed on the income of co-operative societies since 2015. As a result, the formation of capital by small -income societies through small savings, creation of employment, poverty reduction and domestic ...

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