The tax environment in Bangladesh is undergoing significant changes due to the implementation of Income Tax Act 2023 and Customs Act 2023.
Recent tax-related developments allow for decreased tax rates for asset management companies (which have been reduced from 27.5% – 30% to 15%) and exporters of goods (previously all exporters enjoyed reduced tax rates).
For people depositing money and non-resident lenders; income interest and profits earned from Offshore Banking Units (OBU) – operating under the Offshore Banking Act 2024 – are exempted from tax.
