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a reduction of the corporate income tax rate for companies in the readymade garments sector to 15 percent (from 20 percent) a further 1 percent rate reduction (to 14 percent) for companies in the readymade garments sector that have an internationally recognized green building certificate. Certain companies remain taxed at different rates.
Bangladesh Trade and Tariff Commission (BTC) [1] autonomous national statutory body that is responsible for placing tariffs on imports, protection of domestic industry, and the prevention of dumping of foreign goods in Bangladesh and is located in Dhaka, Bangladesh. [2] [3] Chairman of the Bangladesh Trade and Tariff Commission is Mahfuza Akter.
Under Section 194M if the payments to resident contractors and professionals exceed INR 50,00,000 during the Financial Year, the payer has to deduct tax at the rate of 5% from the sum payable to a resident payee. payer has to issue TDS Certificates within two months of the next financial year. There are two types of major forms under TDS namely:
TDS/TCS returns will not be accepted if TAN is not quoted and challans for TDS/TCS payments will not be accepted by banks. Failure to apply for TAN or not quoting the same in the specified documents attracts a penalty of ₹10,000 No documents are required to be filed with the application for allotment of TAN.
Bangladesh Customs is the principal customs agency of Bangladesh. The agency operating under the National Board of Revenue (NBR) is the lead tax collection agency in Bangladesh. [1] NBR is part of the Internal Resources Division (IRD) under the country's Ministry of Finance. The agency formulates policies concerning the levy and collection of ...
The Government agencies in Bangladesh are state controlled organizations that act independently to carry out the policies of the Government of Bangladesh. The Government Ministries are relatively small and merely policy-making organizations, allowed to control agencies by policy decisions.
Bangladesh Saving Certificates- This five year saving scheme provides return of around 12.2% at maturity with varying degree of returns for premature withdrawal depending on the duration of investment. Maximum allowable investment in this scheme is capped to Tk 30,00,000/- for individual investors and Tk 60,00,000/- for joint investors.
[1] [2] [3] It is the National Numbering Agency for International Securities Identification Number in Bangladesh and member of the Association of National Numbering Agencies. [1] Tapan Chowdhury is chairman of the board of directors. [4] It is Bangladesh's only securities depository enterprise. [5]