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Bkash, Nagad and Rocket – Corporate Tax

Bangladesh National Budget 2021-2022

The Finance Minister has proposed to increase the corporate tax of Mobile Financial Service (MFS) providers such as BKASH, ROCKET, NAGAD and all other MFS which have already become popular in the country. The finance minister wants to collect more revenue from this sector by raising taxes. As a result, companies in this sector BKASH, ROCKET, NAGAD and all other MFS will have to pay more taxes than before in the upcoming budget of Bangladesh regarding Bangladesh National Budget 2021-2022.

Bangladesh National Budget 2021-2022 have the budget of 603,681 crore in this year. Of this, the income is 392,490 crore. The budget deficit is 7.1 percent. Most of the budget deficit will come from foreign loans, …

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Bkash, Nagad and Rocket – New Rules from BB

NOTICE FROM BANGLADESH BANK FOR ALL MOBILE PHONE FINANCIAL SERVICES (MFS)

New Rules from BB for MFS: From now on, the customer’s money in Bkash, Nagad and Rocket will not be handed over. This means that mobile phone financial services (MFS) companies will not be able to use the money deposited as customers. This was stated in the policy titled ‘Trust Fund Management’ of Bangladesh Bank on Thursday (May 8, 2021). According to the policy, the institutions have to deposit the entire amount of the customer’s deposit in the bank as a ‘Trust Fund’. The amount deposited in this fund cannot be less than the amount deposited as MFS of the customer.

Bkash, Nagad and Rocket - New Rules from BB

And the amount of e-money that MFS companies …

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