Tax
Income Tax Act 2023 replaced the 1984 Ordinance
The Income Tax Act 2023 consolidated direct taxation. Corporate rates sit around 27.5 percent for non-listed companies, with reductions conditional on receipts passing through banking channels.
Key rules
- Deadline — Company return by 15 January following the July-June tax year
- Deadline — Monthly VAT return by the 15th of the following month
- Deadline — Advance tax in four quarterly instalments
Governing law
- Income Tax Act, 2023
- Value Added Tax and Supplementary Duty Act, 2012
- Customs Act, 1969
In practice
Standard VAT is 15 percent with reduced rates for specified supplies. Withholding obligations are extensive and unremitted withholding is recoverable from the payer. Bangladesh has a reasonable treaty network, but claiming relief requires a residence certificate and NBR clearance before remittance. Transfer pricing documentation applies above statutory thresholds.