Good Opportunity for the Young Entrepreneurs !!!

[Ratan Ghosh]

In the annual budget (Proposed) of FY 2017-18 presented by Honorable Finance Minister of Our Country Mr. AMA Muhith, there are lots of new opportunities for the young and Small Entrepreneurs of the Country. One of the opportunities is the extended tax exemption threshold.

In the budget of FY 2016-17, the tax free income level (in terms of turnover) was allowed up to BDT 30 lacs for the small & young entrepreneurs. In this new budget (of FY 2017-18), the tax exemption threshold has been increased to BDT 36 lacs which is almost 20% more than that of 2016. It is a good indicator for the young and small entrepreneurs as they are getting patronized by the Government of the People’s Republic of Bangladesh.