The existing tax rate for publicly traded companies has been fixed at 25%. Moreover, the previous provision of 10% tax rebate facility has been repealed if a publicly traded company pays more than 30% cash dividend. On the other hand, in case of declaration of less than 10% dividend or failure to pay the declared dividend within the time limit prescribed by the Bangladesh Securities and Exchange Commission, the provision of fixing the tax rate of publicly traded company at 35% has also been repealed. However , the tax rate on non-publicly traded companies remains the same as last year at 35%. The income tax rate of the company for the tax year 2015-2016 (excluding dividend income and capital income) is as follows: Company type tax rate (a) Non-publicly traded companies (companies not listed on the stock exchange) 35% (a) Publicly traded companies (listed on the stock exchange) Companies) 25% (e) Banks , Insurance , Financial Institutions (excluding Merchant Banks) ( i) Capital Market Listed ( ii) Capital Market Not Listed ( iii) Tax Rate of Banks , Insurance and Financial Institutions approved by the Government in 2013 40% 42 .5% 40% ( C) Merchant Bank 36.5% (U) Cigarette Manufacturing Company 45% ( E) Mobile Phone Operator Company 45% Other Tax Rate: (i) In case of dividend income received by any company / Repatriation of profit of foreign company , Which is treated as dividend , above 20% (a) 45% on income from sale of cigarettes produced by cigarette manufacturers other than company and 45% on income from sale business of co-operative society.