Tax doubled on motorbike, freezer, AC manufacturers, prices may go up

Published : Wednesday, 8 January, 2025 at 12:26 PM Count : 7085

Observer Online Report

The government has set the income tax rate at 20 per cent on the manufacturers of freezers, refrigerators, motorcycles, air conditioners and compressors.

A gazette notification was issued in this regard on Tuesday (January 7). It was signed by NBR chairman Abdur Rahman Khan.

Currently, the companies pay a 10 per cent tax on their income.

The government has been giving tax breaks to these industries for a long time. These industries have now become much self-dependent. Their tax rates were reduced to protect domestic industries and make them self-dependent. That has been increased, said an NBR official.

The prices of motorcycles, refrigerators, ACs and compressors may increase, according to the concerned.

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Editor : Iqbal Sobhan Chowdhury

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