2. Bangladesh National Budget FY2022-23
(Fiscal year : 1st July- 30th June)
Total budget Tk 6780.64 Billion ¥8950 bn
5.40% of total GDP.
Targeted GDP growth rate of 7.5%.
Targeted inflation rate: 5.6%
Bangladesh Nominal GDP reached 460.2 USD bn
in June 2022, compared with 416.3 USD bn in the
previous year.
5. BDT 4.18 trillion, or 61.71% of total expenditures, is earmarked for operating expenditures, and
another BDT 2.60 trillion, or 38.29%, has been set for the development expenditures, which is
5.83% of GDP
10. Budget Distribution as % of GDP
32.30%
5.90%
3%
4.70%
5.30%
3.50%
14.30%
1.10%
0.70%
0.40%
0.10%
0.10%
5.10%
0.40%
7.40%
14.60%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Social Security
Natioanl Defense
Carry over to Defense Build up
Education and Science
Public Works/Housing
Transportation & Communication
Contigency for COVID 19/Health
Local Allocation Tax/LGRD in BD
Public Seervice in BD
Public Order and Safety
Food suply/Agriculture
Energy
Economic Assistance
SMEs/Industrial & Economic
Millitary pers Pension
Miscellaneous
Contigency Reserve/Food Account
Recreation, Culture and Religious
National Debt (a) Interest Payment
National Debt (b) Redemption
Loans and Advance
%of GDP Japan % of GDP BD
Comments: Bangladesh has foreign loan but Japan has no foreign loan. Public order and Public service are provided
as a form of central Government expense where as in Japan it mostly cost from Local Gpvernment part.
11. Taxable limit for Various people
Tax exempted
income
Current FY 2022-
23
In Yen
Proposed FY
2023-2024
In Yen
Male tax payer Tk. 300,000 ¥405000 Tk. 350,000 ¥472500
Women and
Senior citizen
above 65 years
age
Tk. 350,000 ¥472500 Tk. 400,000 ¥540000
Physically
Challenged
persons
Tk. 450,000 ¥607500 Tk. 475,000 ¥641250
War-wounded
gazette freedom
fighter
Tk. 475,000 ¥641250 Tk. 500,000 ¥675000
Third gender tax
payers
Tk. 350,000 ¥472500 Tk. 475,000
¥641250
12. Taxable Calculation
Current Tax slabs
FY 2022-23
Current Tax rate
FY 2022-23
Proposed tax slab
FY 2023-24
Proposed Tax rate
FY 2023-24
On first Tk. 3,00,000 Nil On first Tk. 3,50,000 Nil
On next Tk. 1,00,000 5% On next Tk. 1,00,000 5%
On next Tk. 3,00,000 10% On next Tk. 3,00,000 10%
On next Tk. 4,00,000 15% On next Tk. 4,00,000 15%
On next Tk. 5,00,000 20% On next Tk. 5,00,000 20%
On balance 25% On balance 25%
13.
14.
15. Payable Gross Tax
Investment
GPF – (6000*12) =72000 taka
Welfare Association Fund –(150*12)=1800 tk
Total Investment amount =73800 tk
Tax reduction amount 15% of investment=73800*0.15=11070 tk
So Payable Gross Tax = (Tax Liability –Reduction due to
Investment)=17800-11070=6730 taka
16. Taxes on Income, Profits &Total Gain(% of Total Taxes)
2021 (32.4)
Srilanka,2021
(22)
Nepal,2021 (29.5)
Afg (2017)22
Bhutan
(2020) 48.9
Ind 2018 (50.1)
Source: data.worldbank.org
17.
18. Characteristics of Revenue
JAPAN Bangladesh
Tax Revenue ,60 %
Three types,
1.The income tax
2. The corporation tax
3. The consumption tax
(Highest)
VAT
Income tax
Supplementary Duty
Income Duty
Corporation Tax
Bond Revenue
19.
20. Tax rates by countries
Country Corporate Tax (%) Individual Tax(%) VAT/Sales Tax(%) Capital
Gain/Bonds
(%)
Lowest Highest
Aus 30 0 45 10 45
Bangladesh 32.5 0 25 15 -
Bhutan 26 0 25 - -
China 25 0 45 13 20
Djibuti 25
Fiji 20 0 20 9
Germany 29.65 14 47.5 19 25
21. Tax rates by countries
Country Corporate Tax (%) Individual Tax(%) VAT/Sales Tax(%) Capital Gain/Bonds
(%)
Lowest Highest
Ghana 25 25 03 -
India 22 0 30 28 15
Japan 30 5+ 10 45+
10
10 20
South Korea 24.2 6+ 1.8 42+
11.4
10
Laos 35
Maldives 15 0 15 6
Nepal 25 /30 0+1 36 13 25
