The Bangladesh government reportedly plans to increase excise duty on high-value bank deposits in the fiscal year 2024-25.
Low- and middle-income depositors will maintain current rates, but higher-income individuals will see increased rates.
The excise duty on deposits between BDT 100,001 and BDT 10 million may rise from BDT 3,000 to BDT 5,000; deposits between BDT 10 million and one and BDT 20 million may rise to BDT 10,000; and BDT 20 million and one to BDT 50 million may rise to BDT 20,000.
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