Bangladesh: Budget measures for FY 2016-17
The Budget for fiscal year 2016-2017 was presented on 2 June 2016. Budget measures relating to corporate taxation, once adopted, will take effect from 1 July 2016. Some of the proposed measures are following: the minimum tax rates will be
See MoreBangladesh: Finance Minister Confirms New VAT Regime from July 1
Bangladesh intends to proceed with introducing a uniform 15% rate of value-added tax (VAT) from July 1. The change is to be stimulated together with the implementation of Bangladesh's new value-added tax law, drawn up in 2012. Speaking at a recent
See MoreBangladesh: NBR drafts new income tax law
The National Board of Revenue (NBR) of Bangladesh has drafted a new income tax law that seeks to keep corporate tax rates equal for all companies and narrow down the list of tax breaks and exemptions. The drafted new law is expected to replace the
See MoreIMF reports on economic and fiscal policy of Bangladesh
On 17 November 2015 the IMF issued a report following the completion of discussions with Bangladesh under Article IV of the IMF’s articles of agreement. Real GDP growth has been strong and the ratio of public debt to GDP has remained at a
See MoreBangladesh: New Tax Provisions in Finance Bill 2015 Passed by Parliament
The Bangladesh Parliament passed the Finance Bill 2015 on June 29, 2015 with some changes in the tax provisions. The Finance Minister has increased the minimum amount of income tax for individuals residing in Dhaka and Chittagong. This year the
See MoreBangladesh: Changes in Transfer Pricing Provisions in Finance Bill 2015 Passed by Parliament
The Bangladesh Parliament passed the Finance Bill 2015 on June 29, 2015 with some changes in the transfer pricing provisions. The legislation relating to the report from an accountant required to be furnished by a person who has entered into
See MoreDTA between Qatar and Bangladesh ratified
On February 4, 2015, Qatar's Cabinet ratified the pending DTA between Qatar and Bangladesh at its meeting for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreChina: Proposes FTA with Bangladesh
China has offered to sign an FTA with Bangladesh to boost trade between both countries and cut the trade gap. This offer was made at the bilateral talks between both countries at the Foreign Ministry. “China wants to begin negotiations on a
See MoreBangladesh: The 2014-15 Budget will provide for legalization of undisclosed income as in previous budgets
The move comes as no surprise not only because such opportunities were provided in previous budgets but also because powerful lobbies have been active to push for such provisions. AMA Muhith on Saturday told in the Parliament that undisclosed income
See More