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Excise duty on bank accounts won’t affect the poor: Muhith

Finance Minister AMA Muhith has said the poor will not be affected from the increased excise duty on bank account balance.

He said, “It is very tough to define a rich person. But I can say that people who deposit Tk 1 lakh or more into their bank accounts are capable of bearing the expenditure of the excise duty as those are affluent enough in the society.”

Muhith made the remarks at a post-budget press conference in the capital’s Osmani Memorial Auditorium on Friday afternoon.

Muhith spoke to the media at Osmani Memorial Auditorium.
Industries Minister Amir Hossain Amu, Agriculture Minister Matia Chowdhury, Planning Minister AHM Mustafa Kamal and State Minister for Finance and Planning MA Mannan were also with the finance minister in the press conference.

Meanwhile, earlier in the day, the Centre for Policy Dialogue criticised increased excise duty on bank accounts.

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