Personal Tax Rates
|
Income level (Taka)
|
Rate |
Remarks
|
|
a. On the first Tk. 165,000
|
0%
|
Female tax payers & elderly persons (65 Yrs & above): Tk. 180,000
|
|
b. On the next 275,000
|
10%
|
|
|
c. On the next 325,000
|
15%
|
|
|
d. On the next 375,000
|
20%
|
|
|
e. On the balance
|
25%
|
Rebate opportunity for those
|
|
f. Minimum tax (of total income) for all in the "individual" category
|
|
Tk. 2,000
|
| g. Non-resident individual (other than non-resident Bangladeshi) |
25% |
|
Corporate Tax Rates
|
Company/business
|
Rate |
Condition/rebate
|
|
a. For publicly traded companies (except bank, insurance, leasing & other financial institutions)
|
27.5%
|
a. Any listed company declares dividend at 20%, or higher, will benefit from tax abatement at 10%.
b. Any listed company which declares a dividend at 10% or lower, or does not distribute a dividend by the date declared by the SEC*, will be required to pay tax at 37.5%.
|
|
b. For non-publicly traded companies (except bank, insurance, leasing & other financial institutions)
|
37.5%
|
|
|
c. Bank, insurance, leasing & other financial institutions
|
45%
|
|
|
d. For mobile phone operator companies
|
45%
|
If the mobile phone operator company transforms to a publicly traded company offering at least 10% of paid up capital in an IPO, then the tax rate will be 35%.
|
|
e. Dividend or profit withholding
|
15%
|
For foreign investment, it is based on existence of a bilateral tax convention with the investors' country.
|
|
f. Expatriates in Bangladesh (Not NRBs**)
|
25%
|
|
|
Minimum corporate tax
|
|
Tk. 5,000
|
Avoidance of double taxation agreement
There are agreements on avoidance of double taxation between Bangladesh and 28 countries which are:-
(1) United Kingdom of Great Britain and Northern Ireland, (2) Singapore (3) Sweden (4) Republic of Korea (5) Canada (6) Pakistan (7) Romania (8) Sri Lanka (9) France (10) Malaysia (11) Japan (12) India (13) Germany (14) The Netherlands (15) Italy (16) Denmark (17) China (18) Belgium (19) Thailand (20) Poland (21) Philippines (22) Vietnam (23) Turkey (24) Norway (25) USA (25) Indonesia (27) Switzerland (28) Oman
*SEC=Securities and Exchange Commission
**NRBs=Non-resident Bangladeshies
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