The Bangladeshi government is rumoured to be considering announcing income tax rates for individuals and companies in advance, ahead of FY25 budget, as part of a new system which will enable taxpayers to make informed investment and tax plans.
Currently, tax rates are revealed by the National Board of Revenue (NBR) after the end of the income year, leaving taxpayers uncertain about their tax liabilities until after the financial year concludes.
However, if the rumours prove to be true, NBR will announce tax rates not only for the outgoing income year 2023-24 but also for the following year 2024-25, providing taxpayers with clarity well in advance.
