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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
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]
The list focuses on the main types of taxes: corporate tax, individual income tax, and sales tax, including VAT and GST and capital gains tax, but does not list wealth tax or inheritance tax. Personal income tax includes all applicable taxes, including all unvested social security contributions.
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]
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From 1921 to 1947 various Indian revenues were overprinted BENGAL for use in modern Bangladesh and West Bengal. Since independence, Bangladesh has issued revenues for the following taxes: [1] Airport Tax (1982–1988) Cigarette Tax (c.1972-c.1975) Court Fees (1973–1992) Entertainment Tax (c.1972 – 1988) Excise (1981–1986) Foreign Bill ...
Represents the Finance Ministry at important tax-based conferences at UN and OECD. Transfers and postings of officers in the cadre of Chief Commissioner of Income-tax and Commissioner of Income-tax. Matters dealt with in the Foreign Tax and Tax Research Division, except matters under Section 80-O of the Income-tax Act, 1961.
The Goods and Services Tax (GST) is a successor to VAT used in India on the supply of goods and service. Both VAT and GST have the same taxation slabs. Both VAT and GST have the same taxation slabs. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.