The National Board of Revenue (NBR) issued a notification outlining amendments to the capital gains tax provisions under the Income Tax Act 2023 (ITA 12), lowering the rate to 15% for gains above BDT 5 million, on 4 November 2024
Capital gains earned by companies, funds, or trusts will be taxed at a rate of 15%. Capital gains earned by individuals from the transfer of shares listed on stock exchanges will also be taxed at 15%.
For assets other than listed shares, the taxation is differentiated based on the holding period:
- Gains from assets held for up to five years will be taxed at the regular income tax rate of 30%.
- Gains from assets held for more than five years will be taxed at 15%.
These changes will take effect from the assessment year beginning on 1 July 2025.
