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2017-2018 ছ জ ইন, ন ন ন ... ১৩ 125Major sources of income subject to deduction or collection of tax, advance payment of tax and presumptive tax:Applicable for Financial Year 2017-18 Rate of deduction under section 52 140 Rate of deduction under section 52A 141 16: Rate of deduction from the payment of ...
Bangladesh Tax Handbook 2017 2018 Final (1) - Free download as PDF File (.pdf), Text File (.txt) or read online for free.
The National Board of Revenue (NBR) is the apex authority for tax administration in Bangladesh. It was established by the father of the nation Bangabandhu Sheikh Mujibur Rahman under President's Order No. 76 of 1972.
3.14 Imposition of tax on income of chamber of commerce and industry, trade federation or any such business organisation 14 4. Corporate tax 15 4.1 Introduction 15 4.2 Resident 15 4.3 Permanent establishment 15 4.4 Taxable income 16 4.5 Income deemed to accrue or arise in Bangladesh 16 4.6 Income year 17
No tax is payable by tax residents on income not exceeding Tk 250,000. The following rates are applicable to resident individual, Hindu undivided family, partnership firm, non-resident Bangladeshi, and association of persons: Residents including non-resident Bangladeshi Total income Tax rate First Tk 250,000* Nil Next Tk 400,000 10%
Among direct taxes, income tax is the main source of revenue. It is a progressive tax system. Income tax is imposed on the basis of ability to pay. "The more a taxpayer earns the more he should pay''- is the basic principle of charging income tax. It aims at ensuring equity and social justice.
Foreign source income of companies resident in Bangladesh is included in taxable income but credit is given for tax paid outside Bangladesh. Foreign source income of a non-resident company is not taxed in Bangladesh unless such income is brought into Bangladesh.
