The government has proposed raising the corporate tax rate for non-listed companies to 27.5% for the fiscal years 2026–27 and 2027–28, scrapping the existing reduced rate of 25%.
From FY27, all non-listed companies would be subject to the flat 27.5% rate, with no exemptions.
However, non-listed firms may still qualify for a reduced rate of 25%—provided they conduct all transactions above Tk5 lakh through banking channels, an incentive aimed at promoting a cashless economy.
Listed companies could also benefit from lower rates under similar conditions. Firms with more than 10% free-floating shares may see their tax rate drop from 22.5% to 20%. Those with less than 10% free float, however, could face an increase from 22.5% to 25%.
The proposed tax rate for merchant banks has been slashed to 27.5% from the current 37.5%.
For the upcoming fiscal year 2025–26, there will be no change in the corporate tax rate for non-listed firms. Rates for other sectors—including banks, mobile operators, tobacco companies, and private universities—will remain unchanged.