A proposal suggests lowering corporate tax rates in Bangladesh, contingent on all financial transactions being conducted through banks. The initiative aims to increase transparency and formalize the financial system. Currently, the standard corporate tax rate is 22.5%, but this could decrease to as low as 2.5% for companies adhering to the new banking transaction requirement. Specifically, companies with at least 10% of their shares listed on the stock market would see their tax rate reduced from 22.5% to 20%. This change applies to both publicly listed and non-listed companies, incentivizing broader adoption of banking channels for financial dealings. The government anticipates this will boost revenue collection and streamline tax administration. Further details regarding the implementation of this proposal are expected to be released soon.