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Budget FY22: Tax exemption proposed for small businesses owned by female entrepreneurs

  • Published at 03:40 pm June 3rd, 2021
SME women female entrepreneur
A woman weaving a nakshi kantha Syed Zakir Hossain/Dhaka Tribune

The exemption would be eligible for those businesses that generate Tk700,000 or less in a turnover

Finance Minister AHM Mustafa Kamal has proposed to allow small and medium enterprises (SMEs) tax exemption that are run by female entrepreneurs in the 2021-22 fiscal year again.

However, those enterprises that generate Tk7,00,000 or less in turnover would be eligible for the tax exemption.

"As a special incentive to the SME sector and also for the sake of development of the women entrepreneurs working in the SME sector, I propose to keep up to Tk700,000 of business turnover of the women entrepreneurs outside the purview of taxation," he said on Thursday while announcing the 2021-22 FY budget in the parliament.

He noted that the rise in the number of female entrepreneurs alongside with their male counterparts will ensure the economic and social empowerment of women.