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The tax law imposes income tax at 25 percent on listed entities and 32.5 [2] percent for non-listed entities. Corporate tax rate changes announced this year include: an additional surcharge of 2.5 percent on income of companies in the tobacco sector
The National Budget of Bangladesh is the government's annual financial statement, outlining the projected income and expenditure for the fiscal year. According to Article 87.(1) of the Constitution of Bangladesh , presenting this budget is a mandatory duty of the government.
This investment tax credit varies depending on the type of renewable energy project; solar, fuel cells ($1500/0.5 kW) and small wind (< 100 kW) are eligible for credit of 30% of the cost of development, with no maximum credit limit; there is a 10% credit for geothermal, microturbines (< 2 MW) and combined heat and power plants (< 50 MW). The ...
NBR is the authority for tax policies and tax laws in Bangladesh. [1] [2] NBR collects almost 97% of tax revenue and almost 85% of total revenue for the government of Bangladesh. [3] The Customs, Excise and VAT Appellate Tribunal is a tribunal under the National Board of Revenue established in 1995. [4] [5]
Some systems allow a credit when the tax would be properly chargeable under the domestic system. [12] Others allow FTC by reference to the time the foreign item of income is chargeable to home country income tax. [13] Some systems allow the credit with the tax would be recognized in financial statements.
There are three types of financial markets in Bangladesh. They are: Money Market : Banks, Non-bank Financial Institutions, and Primary Dealers; Capital Market : Investment Banks, Credit Rating Companies, and Stock Exchanges; Foreign Exchange Market : Authorized Dealers.
The Customs Act 1969 is the basis of customs law. [12] The Income Tax Rules were promulgated by ordinance in 1984. [13] Value Added Tax was revised with the Value Added Tax (VAT) and Supplementary Duty (SD) Act 2012. [14] The Municipal Taxation Act 1881 governs municipal taxes. [15]
The Bangladesh (Taking Over of Control and Management of Industrial and Commercial Concerns) Order, 1972 (Acting President's Order) The Bangladesh (Administration of Financial Institutions) Order, 1972 (A.P.O.) The Bangladesh Law Officers Order, 1972 (President's Order) Bangladesh Collaborators (Special Tribunals) Order, 1972