Holding tax is increasing in Gulshan Banani Baridhara

Dhaka North City Corporation is going to increase holding tax in Gulshan, Banani and Baridhara of the capital from next July. If the decision is implemented, the rent in these three elite areas will be increased by 33 per cent per square foot, i.e. from Tk 18 to Tk 24.

The announcement was made at the inauguration ceremony of the DNCC holding tax collection activities under automation on Wednesday. Atiqul Islam.

In Dhaka, the holding tax is now levied on the rent of 18 rupees per square foot as per the 2006 rental rate. But with the increase in rent, the holding tax is being adjusted with the rent.

In this regard, Mayor Atiqul said, ‘From July, the rent will be 33 percent more per square foot. Now the rent in elite areas is not so low. For this we will adjust the holding tax. 24 per square foot will be increased from 18 to 33 percent. According to this calculation, the holding tax will be 12 percent on the rent that will come.

At a seminar in Dhaka on September 24 last year, Local Government Minister Tajul Islam proposed to the city corporation to increase the price of gas and water, including holding tax, in elite areas.

Reiterating the earlier proposal while inaugurating the holding tax automation program on Wednesday, the local government minister said that holding tax, water, gas, electricity and other services in the capital should be priced on a regional basis. Determining the value of a zone-based service is a matter of time.

FBCCI President on the occasion. Jasim Uddin, President of Urban Research Center Professor Nazrul Islam, Vice President of BGMEA Shahidul Azim and others were present.

(Dhaka Times / 31 March / DM)

Source: Dhakatimes24 Online by www.dhakatimes24.com.

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