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The Income-tax Ordinance, 1984 The Bangladesh Women's Rehabilitation and Welfare Foundation (Repeal) Ordinance, 1984 The Nazrul Institute Ordinance, 1984 [Repealed]
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 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 flight was piloted by Kaniz Fatema Roksana, the first woman commercial pilot of Bangladesh. Deposit Insurance was first introduced in August 1984 as a scheme in terms of The Bank Deposit Insurance Ordinance, 1984 [6] Sheikh Zayed Bin Sultan Al-Nahiyan of the United Arab Emirates (UAE) visited Bangladesh and offered to help orphans. [7]
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]
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In his initial budget for the 1982-83 fiscal year, which totaled ৳4,738 crore, Muhith raised the tax-free income limit to ৳20,000 and introduced a dearness allowance for public servants. In the following fiscal year, he presented a larger budget of ৳5,896 crore , marking a notable increase.
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