Assurance

1. Key changes made in Income Tax Ordinance
1984 through the Finance Act 2022
Tax rates
Minimum tax
Additional Tax
Surcharge
Income exempted from tax
Tax credit on investments
Tax deducted at source
Payment of tax deducted at source
Advance payment of tax
Submission of returns and statements
Proof of submission of return
required in certain cases [Section 184A]
Assessment of tax
Transfer pricing
H]fYdla]kgjÕf]k
Offences and prosecutions
Kge]aehgjlYfl]Õfalagfk
Compliance calendar for the
period 1 July 2022 to 30 June 2023
Abbreviations
04
07
12
16
17
18
21
23
38
39
40
44
47
49
51
54
56
60
63
Contents
New provisions are highlighted
4 Income Tax Guide
Key changes made in Income
Tax Ordinance 1984 through
the Finance Act 2022
1. Tax rate for non-publicly traded companies, publicly
traded companies, and One Person Companies (OPC)
have been reduced by 2.5% from their respective earlier
rates. Corporate tax rates for the rest of the taxpayers
have remained unchanged. The prevailing tax rate for
the exporting companies stands at 12%, however, the
lYpjYl]^gjD==[]jlaÕ]^Y[lgja]kak)(
2. There are no changes in minimum tax which is 0.60%
on gross receipts for companies. For cigarettes and
tobacco product manufactures and mobile phone
operators, the rates are 1% and 2% respectively. The
rate would be 0.10% for industrial undertaking engaged
afeYfm^Y[lmjaf_g^_ggk^gjl`]Õjkll`j]]af[ge]
years from the initiation of commercial production.
3. The existing tax-free income limit of individual taxpayers
has remained unchanged for all classes. A minimum tax
is imposed at a rate of 0.25% on gross receipts from
all sources where an individual, not engaged in mobile
phone operation and tobacco business, has gross
receipts of at least BDT 30m in an income year.
4. To facilitate amalgamation or merger, there are some
changes in the Ordinance, whereby all the assets and
liabilities of amalgamating company or companies
before the merger shall become the property and
liability of the amalgamated company. Shareholders
of amalgamating company or companies holding not
less than 75% of shares (other than shares already
held therein immediately before the merger by, or
by a nominee for, the amalgamated company or
its subsidiary) shall become the shareholder of the
amalgamated company. No capital gain tax shall be
applied on any gains arising from transfer of capital
assets in a scheme of amalgamation. However,
any consideration other than shares received by a
shareholder shall be subject to applicable tax. The
01

2. 5
amalgamated company shall have the right to carry
forward the accumulated loss and the unabsorbed
depreciation of the amalgamating company.
5. A separate provision has been inserted with respect to
taxation of startups, whereby no disallowance u/s 30
and 30B in certain periods shall be applied. Further,
business loss can be carried forward for 9 years and
minimum tax on gross receipts will be 0.1% during
growth years. However, startups shall have registered
after July 2017 with an annual turnover below BDT
1,000m and cannot be a subsidiary of a parent holding
50% or above of its share or an amalgamated company.
6. No question on source of undisclosed offshore asset
will be raised if an assessee discloses and repatriate
offshore assets being cash, bank deposit, securities,
YfÕfYf[aYdafkljme]flkZqhYqaf_lYpYlYjYl]g^/
Failure to disclose offshore assets (all types of assets)
in the return shall be penalized up to the amount
equivalent to the fair value of such assets.
7. Tax at source for supply of books to other than a
government concern shall be 3%, for supply of trading
goods to a trader at 5% and supply of industrial raw
materials to a manufacturer at 4% irrespective of the
value of transactions.
8. AfanamYdlYphYq]jk[YfkmZeall`]ajÕjkllae]j]lmjf
of income before 30 June following the end of the
income year.
9. Allowable perquisite limit has been increased from BDT
0.055m to BDT 1m.
10. 9dd[gehYfa]kYk]Õf]afk][lagf* *(!k`Yddhj]hYj]
l`]ajÕfYf[aYdklYl]e]flk K!Ykh]jAJKYf^mjfak`
audited FS with the return of income.
6 Income Tax Guide
11. Eligible investment limit has been reduced to 20% of the
total income and rate of investment tax credit has been
Õp]Yl)-g^]da_aZd]Yegmfla^j]lmjfakÕd]oal`af
m]Yl]$Yf/-a^j]lmjfÕd]Y^l]jl`]m]Yl]
12. From withholding tax perspective, proof of submission
of return shall replace the requirement of submission
of TIN.
13. Tax at source for the exporters has been increased to
1% of the proceeds.
14. 9h]fYdlqg^eYpaeme:L)eoaddZ]aehgk]^gjfgf%
compliances with respect to tax deducted at source.
15. J]lmjfg^af[ge]`YkZ]]feYfYlgjq^gjl`]Ykk]kk]]
who is required to submit proof of submission of return
as per section 184A.
16. Af[ge]^jge:Yf_dY]k`ag[]Yf%_gaf_k`ahka^j][]an]
in foreign currency and brought into Bangladesh
through banking channel shall be exempted from tax.
17. Tax authority can get access to the places or devices
or any means of record keeping and get copies of
information for verifying deductions or collection of
tax at source. Person creating obstacle to enter into
the place shall be liable to pay a penalty of maximum
BDT 5m. Further, tax authority may instruct responsible
person by serving 21 days’ notice for disconnecting
utility services for the purpose of recovering tax.
18. Pre-commencement expenditure—expenditure
for setting up of the business prior to the year of
commercial operation and includes expenditure for
feasibility study, construction of model and prototypes
and experimental productions—can be amortized at the
rate of 20%.

3. 7
Tax rates
02
Tax rates for Bangladeshi individuals (including non-
resident Bangladeshi), Hindu Undivided Family (HUF) and
HYjlf]jk`ahÔje
Income slab Tax rate
Up to BDT 300,000 0%
Next BDT 100,000 5%
Next BDT 300,000 10%
Next BDT 400,000 15%
Next BDT 500,000 20%
Rest of the income 25%
The tax-free income limit for:
• Female, the third gender taxpayers and person aged 65
years or above is BDT 350,000
• H`qka[Yddq[`Ydd]f_]h]jkgfak:L,-($(((
• ?Yr]ll]oYj%ogmf]^j]]geÕ_`l]jak:L,/-$(((
A parent or guardian of a physically challenged person will
get an additional initial exemption of BDT 50,000.
The tax rate for non-residents, except non-resident
Bangladeshi, is 30%.
The tax rate for manufacturers of cigarette, bidi, zorda, gul
and other tobacco products is 45%.
• Owners of small and cottage industries in less or least
developed areas will get a tax rebate on income from the
business at the following rate:
Particulars Rate of tax rebate
If production is more than 15% but
less than 25% of the previous year
5% on tax payable
from that income
If production exceeds 25% of the
previous year
10% on tax payable
from that income
8 Income Tax Guide
LYpjYl]k^gj;gehYfq$Ykkg[aYlagfg^h]jkgfk$YjlaÔ[aYd
juridical person, etc.
Type of company Tax rate
Publicly traded
company*
More than 10% shares
are transferred through
IPO
20%
Up to 10% shares are
transferred through IPO
22.5%
Non-publicly traded company* 27.5%
One person company* 22.5%
9kkg[aYlagfg^H]jkgfk$9jlaÕ[aYdBmjaa[Yd
Person*
27.5%
Banks, insurance,
YfÕfYf[aYd
institutions
Publicly traded company 37.5%
Non-publicly traded
company
40%
Merchant banks 37.5%
Cigarette/
tobacco product
manufacturing
company
45%
Mobile phone
operator company**
45%
* All income and receipts, and all expenses and investments
over BDT 5 lakh for a single transaction and total BDT 36
lakh in a year shall be made through banking channel;
otherwise, tax rate will be increased by 2.5%.
**The tax rate for mobile companies converted into publicly
traded companies by offering a minimum 10% of its paid-up
share capital (pre-initial public placement shall not exceed
5%) shall be 40%. Companies that offer a minimum 20%
shares through IPO in that year will get a 10% tax rebate.

4. 9
Tax rates for income from Exports*
J]m[]lYpjYl]^gjkh][aÔ[lYphYq]jk
Particulars Rate of tax
(until 30
June 2028)
AfanamYd$ÕjeYf@M 50% income
exempted
Other taxpayers General tax rate 12%
If goods manufactured in
D==[]jlaÕ]^Y[lgjq
10%
Type of taxpayer Rate
Registered co-operatives 15%
Private university, private medical, dental, and
engineering college
15%
Companies engaged in yarn/ fabric production,
qaf_$Õfak`af_$[gffaf_$Yfhjaflaf_
15%
Poultry,
hatchery, and
Õk`]ja]kaf[ge]
First BDT 1m 0%
Next BDT 1m 5%
Next BDT 1m 10%
Rest of the income 15%
LYpYlfgjeYdjYl]kk`YddZ]Yhhda]a^ÕfYf[aYdh]fYdlq
imposed by any government authority for breaching
environmental rules.
Special tax treatment for some cases
Items Tax treatment
Undisclosed
offshore
assets
No questions shall be raised if an
assessee pays tax at 7% of the total value
of cash or cash equivalent, bank deposit,
bank notes, convertible securities and
ÕfYf[aYdafkljme]flkj]hYljaYl]lg
Bangladesh through banking channel.
Return or amended return shall be
submitted by 30 June 2023. If tax
Yml`gjalqÕfkg^^k`gj]Ykk]lkfgl
disclosed in the return, the person shall
be penalized an amount equivalent to the
fair value of such offshore assets
10 Income Tax Guide
• A^YfqlYphYqaf_]ehdgq]j]flalq]ehdgqk)(h]j[]flgj
more than 25 of its working staff from third gender or
physically challenged person, provisions have been made
as such that 5% of tax payable or 75% of salary of those
third gender or physically challenged person, whichever
is lower, shall be waived.
• School, college, university, or NGO shall pay 5% extra tax
if it fails to make arrangement for disableds.
Investment
in economic
zone or hi-
tech parks
No questions shall be raised as to the
source of any sum invested within
June 2024 in the economic zone or
hi-tech park for setting up industrial
undertakings engaged in production of
goods or services if tax at the rate of 10%
of the sum invested is paid.
Investment
in buildings,
apartments
No questions shall be raised as to the
source of any sum invested for the
purpose of construction or purchase of
any buildings or apartments if the person
pays tax as per prescribed rate depending
on the location of the property.

5. 11
Tax treatment for startups
There is a new chapter inserted in the Ordinance to address
lYplj]Yle]flg^klYjlmhk$o`a[`ak]Õf]YkY[gehYfq
with annual turnover not exceeding BDT 1,000m and works
towards deployment or commercialization of new products,
process or service driven by innovation, development and
technology or intellectual property.
• No disallowance u/s 30 and 30B for growth years (up to
Õn]q]Yjk]h]faf_gfaf[gjhgjYlagfYl]!
• Loss can be carried forward for nine years
• Minimum tax on gross receipts will be 0.1% for
growth years
• No reporting obligation for growth years if permanent
access to books or system is provided to income
tax authority
Conditions to qualify as startup:
• Registered as a ‘Start Up’ with NBR by 30 June
every year
• Incorporated under Companies Act 1994
(after 1 July 2017)
• Is not subsidiary of a parent holding 50%
(or above) shares
• Is not an amalgamated company.
12 Income Tax Guide
Minimum tax
03
Minimum tax for individual taxpayers
EafaemelYp^gjkge]kh][aÔ[[Yk]k
Taxpayer’s location Minimum tax
(BDT)
Dhaka and Chattagram City Corporation 5,000
Other city corporation areas 4,000
Other than city corporation areas 3,000
• The minimum tax of owners of motor cars shall not be
less than the tax collected at source under section 68B
of the Ordinance.
A
The tax deducted or collected under sections 52, 52A,
serial no. 1, 2 and 14 of the table of sub-section (1) of
section 52AA, 52AAA, 52B, 52C, 52D, 52JJ, 52N, 52O,
52Q, 52R, 53, 53AA, 53B, 53BB, 53BBB, 53C, 53CCC,
53DDD, 53E, 53EE, 53F, 53FF, 53G, 53GG, 53H, 53M,
53N, 53P, 53Q, 53R and 55 of the Ordinance [please refer
to the section “Tax deducted at source” for details] shall be
minimum tax, excluding tax deducted or collected from the
following sources:
Under section 52:
• Contractors or subcontractors of oil companies
• GadeYjc]laf_[gehYfa]kYfl`]aj]Yd]jkgjY_]flk$
excluding petrol pump stations
• ;gehYfa]k]f_Y_]afgadj]Õf]jqZmkaf]kk
• ;gehYfa]k]f_Y_]afl`]_YkljYfkeakkagfgj
distribution

6. 13
Under section 53:
From the import of goods by industrial undertakings, except
an industrial undertaking engaged in producing cement,
iron, iron products or ferro alloy products , perfumes and
toilet waters, beverage concentrate as raw materials for
their consumption.
Under section 53F
From a source other than mentioned in section 53F,
sub-section (1) (c) and (2).
Tax deducted at source from the following sources of
af[ge]k`YddZ]l`]ÔfYdlYpdaYZadalq2
Section 52C: Compensation against acquisition of
property
Section 52D: Interest on savings instruments
Section 53DDD: Export cash subsidy
Section 53F (1) - serial 3 4 of the table: Interest on
kYnaf_]hgkalkYfÕp]]hgkalk
Section 53H: Transfer of property (on deed value less
cost of acquisition)
Section 53P: Sum paid by real estate developer to
landowner
Source of income as mentioned in
14 Income Tax Guide
B
The minimum tax for an individual having gross receipts
g^:L+(egjegj]$YÔjeoal`_jgkkj][]ahlkg^egj]
than BDT 5.0m or every company shall be as follows:
Class of assesse Minimum tax
Manufacturers of cigarette, bidi, chewing
tobacco, smokeless tobacco or any other
tobacco products
1% of gross
receipts
Mobile phone operators 2% of gross
receipts
Individual other than individual engaged in
mobile phone operation or manufacturer
of tobacco products, having gross receipt
of BDT 30m or more
0.25% of
gross receipt
Any other cases 0.60% of
gross re-
ceipts
• L`]jYl]g^eafaemelYp^gjafmkljaYdmf]jlYcaf_k
engaged in manufacturing of goods shall be 0.10% of
_jgkkj][]ahlk^gjl`]Õjkll`j]]q]Yjkg^hjgm[lagf
• Where the assessee has income from any source that is
exempt from tax or is subject to a reduced rate, the gross
receipt from such source shall be shown separately, and
minimum tax shall be the aggregate of:
• The minimum tax for receipts from the sources that
are subject to regular tax. This shall be calculated by
applying the rate mentioned in the table (B) above
• The minimum tax for receipts from sources that
enjoy tax exemption or reduced rate. This shall be
calculated by applying the above rate (B) as reduced
in proportion to the exemption or the reduced rate
Note:
• Where both (A) and (B) apply to an assessee, the
minimum tax shall be the higher one.
• Minimum tax shall be neither refunded nor adjusted
against the refund due for an earlier year or for
assessment year from any sources.

7. 15
• Where minimum tax has been mistakenly deducted
Yf[gdd][l]af]p[]kkgj]Õ[alg^l`]m]Yegmfl$
minimum tax under this section shall be computed based
on the due amount of deductions or collection, and
provisions of this section shall apply accordingly.
• Any surcharge, additional interest or additional amount
that is payable under this ordinance shall be payable in
addition to the minimum tax.
• If the regular tax is higher than the minimum tax, the
regular tax shall be payable.
16 Income Tax Guide
Additional Tax
04
Tax of
50%
Tax of
10%
Tax of
10%
or BDT 0.5m, whichever is higher,
shall be imposed on any employer
for employing or allowing any
unauthorized foreigner to work.
on whole amount of stock dividend
declared or distributed by a listed
company shall be payable if such stock
dividend exceeds the amount of cash
dividend declared or distributed in an
income year.
on total amount transferred to retained
earnings, reserve or surplus shall be
payable by the listed company if amount
kgljYfk^]jj]]p[]]k/(g^f]lhjgÕl
after tax.

8. 17
Surcharge
05
Surcharge on total tax liability shall be payable by an
individual assessee based on the total net worth as
below:
Total net worth Rate
Up to BDT 30m 0%
More than BDT 30m but less than BDT 100m,
or
Assessee has more than one motor vehicle in
his name, or
has house property over 8,000 sq.ft. in city
corporation area
10%
More than BDT 100m but less than BDT 200m 20%
More than BDT 200m but less than BDT 500m 30%
More than BDT 500m 35%
• Surcharge of 2.5% will be imposed on the business
income of all type of manufacturers of cigarette, bidi,
zarda, gul and other tobacco products.
18 Income Tax Guide
Income exempted from tax
06
Some selective income exempted from computation of
tax includes, inter alia:
• Service charge derived from the operation of micro-
credit by NGOs registered with the NGO Bureau or
Microcredit Regulatory Authority.
• NgdmflYjq[gfljaZmlagfkj][]an]ZqYj]da_agmkgj
charitable institution and used for respective purpose.
• Af[ge]g^Ydg[Yd_gn]jfe]fl
• Income of Provident Fund and Workers’ Participation
Funds. Further, as per section 52DD, any person
responsible for making any payment from workers’
hYjla[ahYlagf^mflgYZ]f]Õ[aYjqk`Ydd$Yll`]lae]g^
hYqe]fl$]m[llYpYll`]jYl]g^- Õn]h]j[]fl!
on whole payment provided that no such tax shall
Z]]m[l]o`]j]l`]Z]f]Õ[aYjqg]kfgl`Yn]
taxable income and amount of fund does not exceed
BDT 25,000.
• Kh][aYdYddgoYf[]YfZ]f]Õl'h]jimakal]kh][aÕ[Yddq
granted to meet expenses in the performance of duties of
Yfg^Õ[]gj]ehdgqe]flg^hjgÕl
• Af[ge]Zql`]ljmkl]]g^Yj][g_far]hjgna]fl^mf
and approved superannuation fund, pension fund and
gratuity fund.
• Income received by an ambassador, high commissioner,
envoy, minister, charged’ affairs, advisor, etc., attached
to an embassy of a foreign state or trade commission or
g^Õ[]j]hj]k]flYlan]g^Y^gj]a_fklYl]Ykg^Õ[]kYdYjqYk
well as any staff of the embassy or trade commission who
is not a Bangladeshi and is not engaged in other business
or service.
• H]fkagfm]lggjj][]an]ZqYfYkk]kk]]^gjel`]
government or approved pension fund.
• ana]faf[ge]^jgeYdakl][gehYfqmhlg
BDT 50,000.
• Gratuity up to BDT 25m received from the government or
approved gratuity fund.

9. 19
• HYqe]fl^jge2 Y!Hjgna]fl^mfkmf]jHjgna]flmf
Act 1925, (b) Recognized provident funds, (c) Approved
superannuation funds and (d) Workers’ Participation Fund
under Labour Act 2006, not exceeding BDT 50,000.
• Af[ge]^jgeemlmYd^mf'mfal^mfmhlg:L*-$(((
• Afl]j]klgflYp%^j]]_gn]jfe]flk][mjala]k
• Af[ge]^jgeoY_]]Yjf]jk]n]dghe]flZgf$MK
dollar premium and investment bond, Euro premium
and investment bond, Pound Sterling premium and
investment bond.
• Employees’ income from interest on accumulated balance
of Provident Fund up to one-third of the salary of that
q]YjYfYlYjYl]kh][aÕ]Zql`]lYpYml`gjalq$dgo]j
one.
• The amount received by the employee of a government,
local authority, autonomous or semi-autonomous body
under any scheme approved by the government on
voluntary retirement.
• Income by indigenous hill men derived solely from
economic activities in hill districts.
• 9_ja[mdlmjYdaf[ge]mhlg:L(*e^gjYfYkk]kk]]
whose only source of income is agriculture.
• Afl]j]klgfh]fkagf]jkÌkYnaf_[]jlaÕ[Yl]o`]j]l`]lglYd
accumulated investment does not exceed BDT 0.5m.
• Af[ge]^jgel`]Zmkaf]kkg^kge]A;Lk]jna[]kmhlg
June 2024.
• Af[ge]^jgel`]]phgjlg^`Yfa[jY^l^jgeBmf]*((0lg
June 2024.
• LYphYaZql`]_gn]jfe]flgfZ]`Yd^g^l`]H]ljgd]me
Exploration Company under PSC.
• Af[ge]g^hjanYl]Y_ja[mdlmjYd[gdd]_]kgjmfan]jkala]k
• Income of SMEs engaged in production with a turnover
up to BDT 5m (BDT 7m for SMEs owned by women).
• Af[ge]^jgeYhhjgn]R]jg;gmhgf:gfZqYh]jkgf
gl`]jl`YfZYfc$afkmjYf[]$gjYfqÕfYf[aYdafklalmlagfk
• ;YhalYd_Yafk^jgel`]ljYfk^]jg^dakl]k`Yj]kgjklg[ck
by a non-resident if assessee is entitled to similar
exemptions in the country in which he is a resident.
• ;af]eY`Yddgj[af]hd]pklYjl][gee]j[aYd]p`aZalagf
until June 2024 at different rates depending on location.
20 Income Tax Guide
• Af[ge]]jan]^jgel`]hjgm[lagfg^ja[]ZjYfgadZq
June 2024 at different rates.
• -(af[ge]^jgehjgm[lagfg^[gjf$eYar]$km_Yj$gj
beet.
• Af[ge]gfYl]lgYfq^mf]klYZdak`]Zql`]Ljmklg^
Prime Minister’s Education Assistance 2012, subject to
the applicable maximum limit.
• Gn]jk]Ykaf[ge]Zq:Yf_dY]k`aZjgm_`ll`jgm_`l`]
g^Õ[aYd[`Yff]d
• Af[ge]gfYl]afYhhjgn]_ajdkÌk[`ggd'[gdd]_]$
approved technical or vocational training institutions,
national level institutions engaged in RD of agriculture,
science, technology, and industrial development through
banking channel.
• Af[ge] gl`]jl`Yfafl]j]klgjana]f!g^EHG]fdakl]
educational institutes.
• Af[ge] gl`]jl`Yfafl]j]klgjana]f!g^hjg^]kkagfYd
body of CA/ CMA/ CS.
• KYdYjqaf[ge]]p[]hlZYka[kYdYjqYfZgfmk]kg^
_gn]jfe]flg^Õ[aYdk$Bmkla[]g^Kmhj]e];gmjl$
ministers, and MPs.
• Af[ge]]Yjf]ZqYfYdl]jfYlan]afn]kle]fl^mf
recognized by BSEC.
• Af[ge]g^:K=;^jge()Bmdq*()/lg+(Bmf]*(**
• @gfgjYjamegjYddgoYf[]^jge:Yf_dY]k`j]]ge
Fighter Welfare Trust or any welfare allowance received
by any person from the government.
• 9fqj]oYjj][]an]ZqYfqh]jkgf^jgel`]_gn]jfe]fl
• 9fqaf[ge]]jan]^jgel`]gh]jYlagfg^]d]jdq[Yj]
home or day care home.
• Af[ge]g^Yf]m[YlagfYdgjljYafaf_afklalmlagfkjmf
exclusively for physically challenged person.
• akljaZmlagfg^lYp]ana]flgY[gehYfq$a^l`]
company distributing such dividend maintain separate
account for the taxed dividend.
• 9fqaf[ge]]jan]ZqY:Yf_dY]k`aÖY_[Yjjqaf_g[]Yf
going ship for the period July 2022 to June 2030, if said
income is received in foreign currency and brought into
Bangladesh.

10. 21
The tax credit for resident and non-resident Bangladeshi
individual shall be:
• )-g^l`]]da_aZd]af[ge] /-g^l`]]da_aZd]Yegmfl$a^
taxpayer fails to submit returns by due date)
Eligible amount shall be the lower of:
• Kmeg^l`]YddgoYZd]Yegmflk'afn]kle]fle]flagf]
below.
• *(g^l`]lglYdaf[ge]]p[dmaf_Yfq]p]ehl]gj
reduced-rated income or any income under section
82C(2)(a) of the Ordinance.
• :L)(e
Allowable amount/ investment for tax credit:
• HYqe]fl^gjda^]afkmjYf[]ZqYkk]kk]]^gj`aek]d^$
spouse, or minor child up to 10% of the actual sum
assured.
• Payment by a HUF assessee for life insurance of any male
family member or their wives.
• Kme]m[l]^jgekYdYjqg^YfafanamYdYkh]jl`]
service contract for the purpose of securing to him a
deferred annuity or provisions for his wife or children, up
lggf]%Õ^l`g^kYdYjq
• Employees’ and employers’ contribution to a recognized
provident fund and approved superannuation fund.
• Kmeafn]kl]afkYnaf_k[]jlaÕ[Yl]gjmfal[]jlaÕ[Yl]Yf
mutual fund issued by FI and ICB, government securities
or development loan/ bonds.
• Deposit Pension Scheme (DPS) with a scheduled bank or
FI for up to BDT 60,000.
• Donation to charitable hospital approved by the Board
outside City Corporation area established one year
before the payment.
Tax credit on investments
07
22 Income Tax Guide
• gfYlagflgYfgj_YfarYlagfk]lmh^gjl`]o]d^Yj]
of retarded people approved by the Social Welfare
Department and Board, established at least one year
before the payment.
• RYcYl$gfYlagfYf[gfljaZmlagflgYRYcYlmfgjY
charitable fund.
• KmehYalgYZ]f]ngd]fl^mfgj_jgmhafkmjYf[]
premium for spouse, child, or dependents.
• KmegfYl]lgkg[ag%][gfgea[gj[mdlmjYdafklalmlagfk
of the Aga Khan Development Network.
• gfYlagflgh`adYfl`jgha[gj]m[YlagfYdafklalmlagfk
approved by the government.
• gfYlagflgfYlagfYd%d]n]dafklalmlagfkk]lmhafe]egjq
of the Father of the Nation.
• Afn]kle]flafdakl]k`Yj]k$klg[c$emlmYd^mfk$
and debentures.
• Hmj[`Yk]g^:Yf_dY]k`_gn]jfe]fllj]YkmjqZgfk

11. 23
The deducting or collecting authority shall deduct or
collect tax at source from the following incomes while
making payment or granting rights or issuing a license, as
Yhhda[YZd]L`]]m[laf_Yml`gjalqk`Ydd^mjfak`Y[]jlaÕ[Yl]
of tax deduction to the person from whom such deduction
has been made.
Tax deducted at source
08
S.no Income head Section Rate
1 Salary 50 Average rate
2 Discount on real value of
Bangladesh bank bills
50A Different
rates
3 Remuneration to MP 50B Average rate
4 Interest on securities 51 5%
5 Supply of goods or
execution of contracts
52 See (A)
below
6 Payment of royalties, etc. 52A See (B)
below
7 Payment of certain
services
52AA See (C)
below
8 Clearing and forwarding
agents
52AAA 10%
9 Cigarette manufactures
(manual)
52B 10%
10 Compensation against
acquisition of property
52C 3%-6%
11 Interest on savings
instruments
52D See (D)
below
12 HYqe]fllgZ]f]Õ[aYja]k
of WPPF
52DD 5%
13 :ja[cÕ]d2
• Capacity one section
• One and a half section
• Two section
• 9mlgeYla[Zja[cÕ]d
52F BDT 45,000
BDT 70,000
BDT 90,000
BDT
150,000
24 Income Tax Guide
S.no Income head Section Rate
14 Commission of L/C 52I 5%
15 Travel agents 52JJ See (E)
below
16 Renewal of trade license:
• Dhaka and
Chattagram City
Corporation
• Other City
Corporation
• Pourashava at District
Headquarter
• Any other Pourashava
52K BDT 3,000
BDT 2, 000
BDT 1,000
BDT 500
17 Freight forwarding
agencies
52M 15%
18 Purchase of power 52N 6%
19 Convention hall or
conference center
52P 5%
20 Income remitted from
abroad except income
mentioned in para
33, 48 and 61 of Part
A, Sixth Schedule
(7.5% of consideration
received for contracts
on manufacturing,
process or conversion,
civil work, construction,
engineering or works of
similar nature).
52Q 10%
21 Phone call of
international gateway
service:
• Bank shall deduct
while making credit
• IGW operator shall
deduct while paying
ICX
52R 1.5%
7.5%

12. 25
S.no Income head Section Rate
22 Excess premium paid on
life insurance policies
52T 5%
23 Local L/C payment (with
exceptions)
52U 1%-3%
24 Payment by cellular
mobile phone operators
-*N 10%
25 Importers 53 As per Rule
17A
26 Income from house
property
53A 5%
27 Shipping business of
residents
53AA 3%-5%
28 Recruiting agents 53B 10%
29 Export proceeds of goods 53BB 1%
30 Transaction of members
of stock exchange (10%
on commission)
53BBB 0.05%
31 Income on purchase by
public auction (for tea
sale: 1% TDS)
53C 10%
32 Courier business of non-
residents
53CCC 15%
33 9[laf_afYÕde gf
amount exceeding BDT
10,000)
53D 10%
34 Export cash subsidy 53DDD 10%
35 Commission or discount
or fees of distributors
53E See (F) below
36 Commission,
remuneration or charge
as a foreign buying
agency
53EE 10%
37 Afl]j]klgfkYnaf_$Õp]
or term deposits
53F See (G)
below
38 Real estate and land
development businesses
53FF See (H)
below
39 Insurance commission 53G 5%
26 Income Tax Guide
S.no Income head Section Rate
40 Survey of general
insurance companies
53GG 10%
41 Transfer of property 53H See (I) below
42 Lease of property 53HH 4%
43 Afl]j]klgfhgklg^Õ[]
saving bank accounts
53I 10%
44 Rental value of water
body or vacant land or
plant or machinery
53J 5%
45 Advertisement on
f]okhYh]j$eY_Yraf]$LN
and radio
53K 4%
46 Transfer of security or
mutual fund by a sponsor
shareholder
53M 5%
47 Transfer of share of
shareholders of stock
exchange
53N 15%
48 Sum paid by real estate
developers to landowners
53P 15%
49 Motor vehicle plying
commercially
53Q At different
rates
50 Inland ships 53R At different
rates
51 Dividend:
• Bangladeshi company
• Person (non-TIN
holders: 15%)
• Not applicable on
taxed dividend to a
company
54 Company
rate
10%
52 Lottery 55 20%
53 Income of non-residents 56 See (J) below
54 Tax on owners of private
motor cars
68B See (K)
below

13. 27
A
Deduction from payment to contractors, etc. (section 52)
O`]j]YfqhYqe]flakeY]ZqYkh][aÕ]h]jkgflgY
resident, the person making the payment shall deduct tax at
10% maximum (rate of tax shall be 50% higher if the payee
fails to submit proof of submission of return at the time of
making the payment), as shown below, on the base amount
at the time of payment on account of:
• Execution of contract except for contract for services
e]flagf]af;`Yhl]jNAA
• Kmhhdqg^_ggk
• EYfm^Y[lmj]$hjg[]kk$gj[gfn]jkagf
• Hjaflaf_$hY[cY_af_$gjZafaf_
When payment is made against the execution of contract
under section 52, deduction at source shall be at the
following rate:
• gjkmhhdqg^aehgjl]_ggkgfo`a[`lYp`YkZ]]fhYa
at source under section 53, TDS would require to be
deducted under section 52 as reduced by tax deducted
under section 53, if any.
• For supply of goods on which tax has been paid at source
under section 53E, the amount of TDS would be B-A,
where B=selling price as per section 53E(3) x 7% x 5%,
and A= the amount of tax paid under section 53E.
Base Amount Rate
Less than BDT 5m 3%
Exceeding BDT 5m but less than BDT 20m 5%
Exceeding BDT 20m 7%
28 Income Tax Guide
Rate of deduction for the following classes of person
shall be:
Particular Rate
Oil supplied by oil marketing companies:
(a) For payment less than BDT 0.2m
(b) For payments over BDT 0.2m
Nil
0.60%
Oil supplied by dealers or agents (except
petrol pumps) of oil marketing companies
1%
Oil supply by companies engaged in oil
j]Õf]jq$^gjYfqYegmfl
3%
Companies engaged in gas transmission, for
any amount
3%
Companies engaged in gas distribution 3%
Companies engaged in producing cement,
iron, or iron products, ferro alloy products
except MS Billets
2%
Companies engaged in producing MS Billets 0.5%
Locally procured MS Scrap 0.5%
Supply of rice, wheat, potato, onion, garlic,
peas, chickpeas, lentils, ginger, turmeric,
ja][`ada]k$hmdk]k$eYar]$[gYjk]Ögmj$Ögmj$
salt, edible oil, sugar, black pepper, cinnamon,
cardamom, clove, date, cassia leaf, jute,
cotton yarn and all kinds of fruits
2%
Supply of books to a person except any
government bodies
3%
Supply of trading goods to a trader 5%
Supply of industrial raw materials to a
manufacturer
4%
• Rate of tax shall be 50% higher if the payee does not
receive payment by bank transfer
• Kh][aÕ]h]jkgfe]Yfk_gn]jfe]flYfalkmfalk$
projects, programs or activities, joint venture or
consortiums, companies, co-operative banks/
kg[a]la]k$ÕfYf[aYdafklalmlagfk$j]_akl]j]F?Gk$Ea[jg
Credit Organizations, schools, colleges, institutes or
universities, hospitals, clinics or diagnostic centers,
ljmklk'^mfk$Õjek$YfYkkg[aYlagfg^h]jkgfk$HHHk$
foreign contractors, enterprises, associations or bodies

14. 29
]klYZdak`]gmlka]:Yf_dY]k`$YfqYjlaÕ[aYdbmjaka[lagf
person or hotel, resort, community center and transport
agency having annual turnover exceeding Taka 10m.
• Base amount means higher of contract value, or bill or
invoice value or payment.
Deduction from payment of royalties, etc. (section 52A)
GfhYqe]fleY]ZqYkh][aÕ[h]jkgflgYj]ka]flgf
account of royalty, franchise or fee for using license,
brand name, patent, invention, formula, process, method,
design, pattern, know-how, copy write, trademark, trade
name, literary, musical or artist composition, survey, study,
forecast, estimates, customer list or any other intangibles,
tax shall be deducted: (a) At the rate of 10% where the base
amount does not exceed BDT 2.5m, and (b) At the rate of
12% where the base amount exceeds BDT 2.5m.
Deduction from payment of certain services (section
52AA)
O`]j]hYqe]flakeY]ZqYkh][aÕ]h]jkgflgYj]ka]fl$
tax shall be deducted while making payment as follows:
B
C
Description of payment Rates
Advisory or consulting service 10%
Professional service, technical service fees or
technical assistance fees
10%
Catering services, cleaning services, collection
and recovery, private security services,
manpower supply services, creative media
services, public relation services, event
management services, training, workshops,
etc., and management services, courier
services, packing and shifting services and
any other service of similar nature:
• On commission or fee
• On gross bill amount
10%
2%
30 Income Tax Guide
Description of payment Rates
Media buying agency services
• Commission or fees
• Gross bill amount
10%
0.65%
Indenting commission 8%
Meeting or training fees/ honorarium 10%
Mobile network operator, technical support
service provider, service delivery agent
engaged in mobile banking operations
12%
Credit rating agencies 10%
Motor garage or workshop 8%
Private container port or dockyard 8%
Shipping agency commission 8%
Stevedoring/ berth commission
• On commission or fee
• On gross bill amount
10%
5%
Transport service, carrying service, vehicle
rental service and service under sharing
economic platform, including ride sharing
service, coworking space providing and
accommodation providing service
5%
Wheeling charge for electricity transmission 3%
Internet Service 10%
Service delivery agents engaged in mobile
ÕfYf[aYdk]jna[]kgj[`Yff]dhYjlf]jkg^
egZad]ÕfYf[aYdk]jna[]k
10%
Any other service which is not mentioned in
;`Yhl]jNAAYfakfglYk]jna[]hjgna]Zq
YfqZYfc$afkmjYf[]$gjÕfYf[aYdafklalmlagfk
10%
• If the amount for services in (3) and (4) above shows
both commission and fees and gross bill, tax shall be
the higher of (i) tax calculated on commission or fees
applying relevant rate or (ii) B x C x D (where B = Gross
bill, C = 10% for (3) and 2.5% for (4), and D= Rate of tax
applicable for commission).

15. 31
• L`]jYl]g^lYpk`YddZ]Õ^lqh]j[]fl -(!`a_`]ja^l`]
payee fails to submit proof of submission of return at the
time of making the payment
• L`]jYl]g^lYpk`YddZ]Õ^lqh]j[]fl -(!`a_`]ja^l`]
payee does not receive payment by bank transfer.
Deduction at source from interest on savings
instruments (section 52D)
L`]h]jkgfj]khgfkaZd]^gjhYqaf_afl]j]kl'hjgÕlgfkYnaf_k
instruments shall deduct tax at the rate of 10% while
making payment. The deduction shall also be applicable
lgafl]j]kl'hjgÕlgfkYnaf_kafkljme]flkhmj[`Yk]Zq
approved superannuation funds, pension funds, gratuity
^mfk$j][g_far]hjgna]fl^mfkgjogjc]jkÌhjgÕl
participation fund.
There shall be no deduction if the cumulative investment
at the end of the income year in the pensioner’s saving
[]jlaÕ[Yl]g]kfgl]p[]]:L(-eL`]j]k`YddZ]fg
deduction for interest on Wage earners development bond,
US dollar premium and investment bond, Euro premium and
investment, Pound starling premium and investment bond.
Collection of tax from travel agent (section 52JJ)
The person responsible for paying commission, discount,
gjYfqZ]f]Õl[gfn]jlaZd]aflgegf]q^gjk]ddaf_la[c]lk'
cargo by air on behalf of any airlines to a resident shall
deduct 0.30% tax on the total value of ticket/ cargo bill.
9fqaf[]flan]Zgfmk$h]j^gjeYf[]Zgfmkgjgl`]jZ]f]Õlaf
relation to such ticket or bill in addition to the amount above
shall be taxable on an amount equal to A / B) x C (where A
5Af[]flan]Zgfmk$h]j^gjeYf[]Zgfmkgjgl`]jZ]f]Õl3:5
9egmflg^[geeakkagf$ak[gmflYfgl`]jZ]f]Õlk$Yf;5
Kgmj[]lYpgf[geeakkagfgjak[gmflgjgl`]jZ]f]Õlk!
HYqe]fleY]^gj]eZYjcYlagf^]]k$ljYn]dlYp$Öa_`lkY^]lq
insurance, security tax and airport tax shall not be included
in the value or charge while computing total value.
D
E
32 Income Tax Guide
Deduction or collection at source from commission,
discount, or fees (section 53E)
• Any company making a payment or allowing an amount
to a distributor called by whatever name or to any
other person by way of commission, discount, fees,
incentives or performance bonus or any other payment
for distribution or marketing of goods etc., shall deduct
tax at 10%.
• Any company making a payment in relation to the
promotion of the company or its goods to any person
engaged in the distribution or marketing of goods shall
deduct tax at 1.50%.
• Companies (except oil marketing companies) that sell
goods to any distributor/ person under a contract at a
hja[]dgo]jl`Yfl`]j]lYadÕp]hja[]k`Ydd[gdd][llYp
at 5% on the amount equal to B x C (where B = Selling
price of the company to the distributor/ other person
and C = 5%).
Cigarette manufacturing companies shall deduct tax at
the time of sale of their goods to a distributor or any other
person at 3% of the difference between the sales price to
l`]akljaZmlgj'gl`]jh]jkgfYfl`]j]lYadÕp]hja[]@]j]$
[gehYfqaf[dm]kYÕje
Deduction at source from interest on saving deposits and
Ôp]]hgkalk$]l[Sk][lagf-+!
9h]jkgfj]khgfkaZd]lghYqYfqafl]j]kl'hjgÕlgfYfq
kYnaf_kY[[gmfl$Õp]]hgkalgjl]je]hgkaleYaflYaf]
with any scheduled bank — including co-operative banks,
fgf%ZYfcaf_ÕfYf[aYdafklalmlagfkgj`gmkaf_ÕfYf[]
companies — shall collect tax while making payment
or crediting into accounts, whichever is earlier, at
following rates:
F
G

16. 33
Types of Payee Rate
Company 20%
Other than company 10%
Educational institutions under MPO, CA/
CMA/ CS
10%
Recognized funds 5%
• Tax shall be 50% higher if the payee fails to provide proof
of submission of return.
• L`]j]k`YddZ]fg]m[lagfgfafl]j]kl'hjgÕlgmlg^Yfq
DPS sponsored by the government or a scheduled bank
with prior approval and any class of payee exempted
from tax, as the Board may order.
Collection of tax from persons engaged in real estate or
land development business (section 53FF)
The registering authority shall not register the documents
unless tax is paid at the following rate:
• Building/ apartment situated at Gulshan Model Town,
Banani, Baridhara, Motijheel C/A, Dilkusha C/A of
Dhaka: BDT 1,600 per square meter for residential
buildings and BDT 6,500 per square meter for
non-residential buildings.
• :madaf_'YhYjle]flYl`YfegfaJ'9$G@K$
Mohakhali, Lalmatia Housing Society, Uttara Model Town,
Bashundhara R/A, Dhaka Cantonment and Kawran Bazar
C/A of Dhaka and Panchlaish R/A, Khulshi R/A, Agrabad
and Nasirabad of Chattagram: BDT 1,500 per square
meter for residential buildings and BDT 5,000 per square
meter for non-residential buildings.
• The tax rates for building/ apartment in areas other than
the ones mentioned above are as follows:
• For areas in Dhaka and Chattagram City Corporation:
BDT 1,000 per square meter for residential and BDT
3,500 for non-residential buildings.
• For any other City Corporation: BDT 700 per square
meter for residential and BDT 2,500 for non-
residential buildings.
H
34 Income Tax Guide
• For any other area: BDT 300 per square meter
for residential and BDT 1,200 for non-residential
buildings.
• Kgmj[]lYpk`YddZ]*(dgo]j^gjj]ka]flaYdYhYjle]flk
less than 70 square meter and 40% lower for apartments
less than 60 square meter including common space.
• KlYehmlqgfj]_akljYlagfg^dYfak[`Yj_]YZd]Yll`]
following rate:
• 5% for Dhaka, Gazipur, Narayangonj, Munshigonj,
Manikgonj, Narshindi and Chattagram
• 3% for any other district
Collection of tax on transfer, etc., of property (section
53H)
L`]j]_akl]jaf_g^Õ[]jk`Yddfglj]_akl]jYfqg[me]fl
unless tax is paid by the person whose right, title or
interest is sought to be transferred, limited or extinguished
thereby in relation to the property on which stamp duty is
chargeable (rate as per IT Rule 17II). Tax shall not exceed
BDT 1.08m per katha (1.65 decimal) for land, BDT 600 per
kimYj]e]l]j^gjYfqkljm[lmj]'Zmadaf_'ÖYl'YhYjle]fl'
ÖggjkhY[]gj,g^]]nYdm]$o`a[`]n]jak`a_`]jL`]j]
shall be no deduction for a mortgage of property/sale of
egjl_Y_]hjgh]jlqZqÕfYf[aYdafklalmlagfk$Yljmkl$gj
Kh][aYdHmjhgk]N]`a[d] KHN!^gjakkmaf_kmcmc
Deduction from income of non-residents (section 56)
9kh][aÕ]h]jkgfj]khgfkaZd]^gjeYcaf_hYqe]fllgYfgf%
resident, unless such person is himself or herself liable to
pay tax thereon as agent, shall deduct tax as below:
I
J

17. 35
Description of payment Rates
Advisory or consultancy services 20%
Pre-shipment inspection services 20%
Professional services, technical services/
know-how or technical assistance
20%
Architecture, interior design, landscape
design, fashion design or process design
20%
;]jlaÕ[Ylagf$jYlaf_$]l[ 20%
Charge or rent for satellite, airtime or
frequency or rent for channel broadcast
20%
Legal services 20%
Management services, including event
management
20%
Commission 20%
Royalty, license fee or payments related to
intangibles
20%
Interest 20%
Advertising broadcasting 20%
Advertisement making or digital marketing 15%
Air or water transport not being the carrying
services mentioned in sections 102 or 103A
7.5%
Contractors or subcontractors of
manufacturing, process, or conversion
7.5%
Suppliers 7.5%
Capital gains 15%
Insurance premiums 10%
Rental of machinery, equipment, etc. 15%
Dividends:
Companies, fund, and trust
Any other person, not being a company
20%
30%
Artists, singers, or players 30%
Salary or remuneration 30%
Exploration or drilling in petroleum operations 5.25%
36 Income Tax Guide
Description of payment Rates
Surveys for coal oil or gas exploration 5.25%
Fees of surveyors of general insurance
company
20%
Services for developing connectivity between
gadgj_YkÕ]dkYf]phgjlhgaflk
5.25%
Any payments against any services not
mentioned above
20%
Bandwidth payment 10%
Any other payments 20%
• Board may instruct not to deduct tax or deduct tax at
lower rate as per tax treaties or any other reasons.
Application is recommended to be disposed within 30
days of the date of application.
• Tax deducted under this section shall be minimum tax
and refund, set off or adjustment shall not be allowed.
• In case of transfer of shares, no effect shall be given in
respect of transfer of shares unless capital gain tax is
paid under this section.
Tax for owner of private motor car (section 68B)
The authority shall collect advance tax while registration or
j]f]oYdg^Õlf]kkg^[YjkYkZ]dgo2
K
Engine capacity Amount
of tax
(BDT)
Cars or jeeps not exceeding
1,500cc /75kw
25,000
More than 1,500cc but less than
2,000cc /100kw
50,000
More than 2,000cc but less than
2,500cc /125kw
75,000
More than 2,500cc but less than
3,000cc /150kw
125,000
More than 3,000cc but less than
3,500cc 175kw
150,000
More than 3,500cc 200,000
Microbus 30,000

18. 37
• The tax shall be 50% higher for the people who own more
than one car in their name or joint name. The minimum
tax liability from the regular source of such persons shall
be at least equal to the tax collected for the motor car.
Tax collected above shall not be refunded. Cars owned by
kh][aÕ[h]jkgfkoadd_]l]p]ehlagf^jgeLK
38 Income Tax Guide
Payment of tax deducted
at source
09
All sums deducted or collected under Chapter VII shall be
deposited in the government treasury as follows:
Time of deduction or collection Date of payment
to the credit of the
government
In the month of July to May Within two weeks
from the end of the
month
On any day from 1 to 20 June Within seven days
after deduction
On any day from 21 to 28 June The next day of the
deduction
On the 29th and 30th day of June Same day

19. 39
Advance payment of tax
10
Advance tax shall be payable if the total income of an
assessee exceeds the latest assessed income by BDT 0.6m
by way of regular assessment or provisional assessment.
There shall be no advance tax on “agricultural income” and
“capital gain” (excluding gain from transfer of shares listed
on a stock exchange).
Advance income tax shall be payable in four equal
installments on the 15th day of September, December,
EYj[`$YfBmf]g^l`]ÕfYf[aYdq]Yj^gjo`a[`
tax is payable.
Advance tax by manufacturers of cigarette
Cigarette manufacturers shall pay advance tax at 3% on
net sales price in every month. Advance tax above shall be
adjusted with quarterly installments under section 66 of the
GjafYf[]@]j]$Éf]lkYd]Êe]Yfk_jgkkkYd]keafmkN9L
and supplementary duty, if any, on gross sales.
40 Income Tax Guide
Submission of returns and
statements
11
A
Tax return shall be submitted by the following persons:
• H]jkgfko`gk]lglYdaf[ge]]p[]]kl`]eYpaeme
amount that is not chargeable to tax and/ or who
have been assessed to tax for any one of the three
immediately preceding years
• =n]jq[gehYfq
• J]_akl]j]F?G'[g%gh]jYlan]kg[a]lq
• 9Õje'YfYkkg[aYlagfg^h]jkgfk
• K`Yj]`gd]jaj][lgjgjk`Yj]`gd]j]ehdgq]]g^Y
company
• 9hYjlf]jg^YÕje
• Government employee drawing a basic salary of BDT
16,000 or more at any time in the income year
• =ehdgq]]`gdaf_Yf]p][mlan]gjYeYfY_]e]fl
position in a business or profession
• J]_akl]j]ea[jg[j]algj_YfarYlagf
• Fgf%j]ka]fl`Ynaf_h]jeYf]fl]klYZdak`e]flaf
Bangladesh
• H]jkgfk fglZ]af_Y[`YjalqgjY^mf!oal`af[ge]
during the year that is subject to tax exemption or a
lower tax rate under section 44 of the Ordinance
• H]jkgfk^mdÕddaf_Yfqg^l`]^gddgoaf_[gfalagfkYlYfq
time during the income year:
• Owns a motor car
• GofYe]eZ]jk`ahg^Y[dmZj]_akl]j]mf]jN9L
1991
• Runs a business having a trade license
• Is registered with professional bodies
• Registered ITP
• Is a member of a trade association or body
• Jmfk^gjYfg^Õ[]g^YfqhYmjYk`YnY$[alq[gjhgjYlagf
or a Member of Parliament
Returns of income tax

20. 41
• HYjla[ahYl]kafYl]f]jÖgYl]Zql`]_gn]jfe]fl$
semi-government body, autonomous body, or local
authority
• Serves on the board of directors of a company or
group of companies
• Participates in a shared economic activity by
providing motor vehicle, space, accommodation, or
any other assets
• Owns any licensed arms
• If any person is required to provide proof of submission
of return u/s 184A
A return of income shall not be mandatory for:
• 9f]m[YlagfYdafklalmlagfj][]anaf__gn]jfe]flZ]f]Õlk
under MPO
• HmZda[mfan]jkalq
• A recognized provident fund, an approved gratuity fund,
a pension fund, an approved superannuation fund
• 9fgf%j]ka]flafanamYd`Ynaf_fgÕp]ZYk]af
Bangladesh
• 9fq[dYkkg^h]jkgfkoal`l`]ZgYj$Zqgj]jafg^Õ[aYd
_Yr]ll]$]p]ehl^jgeÕddaf_l`]j]lmjf
Date of submission of returns of income tax:
• Assessees, other than a company, shall submit a tax
return by 30 November following the income year in the
j]kh][lan]lYpg^Õ[]Deadline of return to be submitted
Õjkllae]ZqYfafanamYdYkk]kk]]k`YddZ]+(Bmf]
following end of income year.
• Companies shall submit their return by the 15th day of
the seventh month following the end of the income year
or 15 September following the end of the income year,
where the said 15 day falls before 15 September.
• Fgf%j]ka]fl:Yf_dY]k`akeYqÕd]l`]ajj]lmjfYll`]aj
nearest Bangladesh Mission.
• AfanamYdko`gYj]_gn]jfe]flg^Õ[aYdk]f_Y_]af
higher education or training on deputation or employed
mf]jda]fgmlka]:Yf_dY]k`k`YddÕd]Yj]lmjf^gjl`]
period of such duration within three months from the
date of their return to Bangladesh.
42 Income Tax Guide
B
C
D
Every individual assessee shall furnish his and his
dependent’s assets, liability (for local and global assets)
statement, with the annual returns of income, if the
person:
• @YkY_jgkko]Ydl`]p[]]af_:L,e
• GofkYeglgj[Yj
• Has made investment in house property/ apartment in
the city corporation area
Also, every individual assessee shall furnish a statement of
lifestyle. However, individual except shareholder director
having income not exceeding BDT 0.4m may opt not to
submit a lifestyle statement.
Person responsible for making payment of “salaries”,
shall furnish information before 1 September each year.
Information includes name and address of employee,
amount, TDS, and other particulars as may be prescribed.
Every employee shall furnish the following information to
his employer by 15 April each year:
• TIN
• Yl]g^Õdaf_j]lmjfk
• Serial number of tax returns provided by tax authority.
Person (not applicable for government authorities)
responsible for making salaries shall, by 30 April each year,
furnish a
Statement containing the following information:
• FYe]$]ka_fYlagf$YfLAFg^]Y[`]ehdgq]]
• Yl]g^Õdaf_j]lmjfkZql`]]ehdgq]]k
• K]jaYdfmeZ]jg^j]lmjfkkgÕdd]
Statement of assets,
liabilities, and lifestyle
Information regarding
payment of salary
Information regarding
payment of salary

21. 43
E
F
G
Information regarding payment of interest (not interest
on securities) to be furnished in a prescribed manner by
responsible person before 01 September each year if
interest amount exceeds BDT 15,000.
Information regarding dividend shall be furnished in a
hj]k[jaZ]eYff]jZqhjaf[ahYdg^Õ[]jg^]n]jq[gehYfq
before 01 September each year if the dividend or aggregate
of dividend exceeds BDT 20,000.
Every person who has deducted or collected the tax at
source shall furnish a statement by the 20th of the month
following the end of the month in which the deduction or
collection is made.
Every company or a cooperative society or registered NGO,
micro credit organization, a university, a private hospital, a
clinic, diagnostic center, an English medium school providing
education following international curriculum, local authority
YfYfYjlaÕ[aYdbma[aYdh]jkgfk`YddÕd]`Yd^%q]Yjdqj]lmjfk
of withholding tax for the tax deducted or collected at
kgmj[]mf]jl`];`Yhl]jNAAajklj]lmjfk`YddZ]kmZeall]
by 31 January and second return by 31 July of the year.
Information regarding
payment of interest
Information regarding
payment of dividend
Returns of withholding tax
H Statement of tax deducted
or collected at source
44 Income Tax Guide
Proof of submission of return
required in certain cases
[Section 184A]
12
Proof of submission of return shall be furnished in
cases of:
• Applying for a loan exceeding BDT 0.5m from a
bank or FI
• Becoming a director or sponsor shareholder
of a company
• GZlYafaf_gj[gflafmaf_Yfaehgjl']phgjl
j]_akljYlagf[]jlaÕ[Yl]
• Obtaining or renewal of trade license in a city
corporation area or paurashava
• Obtaining registration of a co-operative society
• GZlYafaf_gjj]f]oYdg^da[]fk]gj]fdakle]flYkY
surveyor of general insurance
• Selling of a land, building, apartment within a city
corporation or paurashava of a district headquarter
or a cantonment board, where the deed value exceeds
BDT 1m
• Obtaining or maintaining a credit card
• Obtaining or continuing membership of a professional
body as a doctor, dentist, lawyer, CA, engineer, etc.
• GZlYafaf_gj[gflafmaf_Yda[]fk]YkYFacY`J]_akljYj
• GZlYafaf_gj[gflafmaf_e]eZ]jk`ahg^YfqljY]gj
professional body
• GZlYafaf_gj[gflafmaf_Yjm_da[]fk]$Õj]da[]fk]$
]fnajgfe]fl[d]YjYf[][]jlaÕ[Yl]$:KLAda[]fk]k
and clearance
• Obtaining or continuing a connection of gas, for
industrial and commercial connection, in any area and
for residential connection, in city corporation area.
• GZlYafaf_gj[gflafmaf_Ykmjn]q[]jlaÕ[Yl]g^YfqoYl]j
vessel, including launch, steamer, cargo coaster etc.,
plying for hire

22. 45
• GZlYafaf_gjj]f]oYdg^h]jeakkagf^gjl`]eYfm^Y[lmj]
of bricks
• Admitting child in an English medium school or English
version school
• Obtaining or continuing electricity connection in a city
corporation area or cantonment board
• Obtaining or continuing agency or distributorship
of a company
• Obtaining or continuing a license for arms
• Gh]faf_D;^gjl`]hmjhgk]g^aehgjl
• Gh]faf_hgklYdkYnaf_kY[[gmflk]p[]]af_:L(-e
• Purchasing savings instruments (Sanchaypatra) above
BDT 0.5m
• Gh]faf_Yf[gflafmaf_ZYfcY[[gmflkg^Yfqkgjlkoal`
credit balance exceeding BDT 1m
• HYjla[ahYlaf_afYfq]d][lagfafmhYraddY$hYmjYk`YnY$raddY
parishad, city corporation or Jatiya Sangsad
• HYjla[ahYlaf_afYk`Yj]][gfgea[Y[lanalqZqhjgnaaf_
motor vehicle, space, accommodation etc.
• J][]anaf_YfqhYqe]fll`Ylak[dYkkaÕYZd]YkÉKYdYja]kÊ
of the person employed in management or administration
or in any supervisory role in the production functions
• Receiving basic salary by a government employee
exceeding BDT 16,000 per month
• J][]anaf_Yfq[geeakkagf$^]]$gjgl`]jkmeafj]dYlagf
to transactions through mobile banking or other
electronic means
• Receiving any payment from a company for providing
any advisory, consultancy, catering, event management,
manpower supply or security services
• Receiving any sum, under the MPO, above BDT 16,000
per month
• J]_akljYlagfgjj]f]oYdg^Y_]f[q[]jlaÕ[Yl]g^Yf
insurance company
• J]_akljYlagf$gof]jk`ah[`Yf_]gjÕlf]kkj]f]oYdg^Yfq
motor vehicles except two and three-wheelers
• Releasing overseas grants to a registered NGO or
licensed Micro Credit Organization
• Selling of any goods or services by any digital platform to
consumers in Bangladesh
46 Income Tax Guide
• 9hhdqaf_^gje]eZ]jk`ahg^Y[dmZj]_akl]j]mf]j
the Companies Act, 1994 and Societies Registration
Act, 1860
• Submitting tender documents for supply of goods,
execution of a contract or rendering a service
• Submitting bill of entry for import into or export
from Bangladesh
• KmZeallaf_hdYf^gj[gfkljm[lagfg^Zmadaf_^gj
obtaining approval from concerned authorities in
any city corporation area or paurashava.
Note:
A person, not being an individual, shall submit TIN
[]jlaÕ[Yl]afkl]Yg^hjgg^g^kmZeakkagfg^j]lmjfafl`]
year of incorporation, formation or registration and the
following year.

23. 47
Universal self-assessment
O`]j]j]lmjfakÕd]ZqYfYkk]kk]]o`g`YkY)*%a_al
TIN and has paid tax as per section 74, the DCT/ other
authority shall issue an acknowledgement receipt, which
shall be deemed to be an order of assessment. The authority
shall process the return to check income, tax, or refund
computation and, if required, send a notice of demand along
with an intimation specifying computation/ particulars. The
board may select some of the returns so submitted for audit.
Returns shall not be selected for an audit where:
• Returns or amended returns, except the returns of
af[ge]g^YÕfYf[aYdafklalmlagf$k`goYld]Ykl)-`a_`]j
income (considering income from the sources that are
common between the previous year and the current year)
than in the immediately preceding assessment year
• Returns:
Are accompanied by corroborative evidence
Are accompanied by a copy of the bank statement in
support of loans over BDT 0.5m from other than bank FI
Do not show receipt of any gift
Do not show any exemption or reduction of tax rate as
per section 44
Do not show or result in any refund
• The assessee has complied with the provision of section
75A, 108 and 108A.
Assessment of tax
13
48 Income Tax Guide
No question on initial capital to business for a new
assessee shall be raised if the assessee:
Shows income that exceeds the tax exemption
threshold and is not less than 20% of the initial
capital invested in the business
Pays tax at the regular tax rate
States in writing that return falls under sub-section
11 of section 82BB
Minimum capital shall be kept at the end of income year and
the next four years; any shortfall in any year shall be treated
as income of that year.
Other assessments
Other assessments include provisional assessment,
assessment on correct return, assessment after hearing,
spot assessment, etc.

24. 49
In accordance with the provision of transfer pricing, the
amount of any income or expenditure arising from an
international transaction shall be determined having regard
to the arm’s length price.
Here, an international transaction means a transaction
between associated enterprises, either or both of whom are
non-residents or not, in any nature of purchase, sale or lease
of tangible or intangible assets, provision of service, lending
or borrowing money, guaranty fees or any other transaction
`Ynaf_YZ]Yjaf_gfl`]hjgÕlk$af[ge]$dgkk]k$Ykk]lk$
ÕfYf[aYdhgkalagfgj][gfgea[nYdm]g^km[`]fl]jhjak]
Under the provisions of transfer pricing rules, companies
having international transactions with associated
enterprises shall be required to determine the arm’s length
price and maintain certain documents if the transaction
value exceeds BDT 30m in a year. The arm’s length price
shall be determined by applying the appropriate method or
methods below:
Transfer pricing
14
Comparable
uncontrolled
price method
Resale price
method
hjgÕlkhdal
method
Transactional
net margin
method
cost plus
method
Other method
if the above
methods cannot
be reasonably
applied
50 Income Tax Guide
Such companies also need to announce international
transactions and submit statements of international
transactions to the tax authority with annual income tax
return, irrespective of the volume of the international
transactions. If any transaction is found not at an arm’s
length price, the tax authority may determine the price.
Even if the assessee is exempted from tax or is subject to
a reduced rate of tax, the adjustment made in conformity
with the arm’s length price so determined shall be treated as
income and tax shall be payable at the regular rate.
A report of chartered accountants/ chartered cost and
management accountants may be required upon notice of
the DCT in writing if the value of international transactions
exceeds BDT 30m in the books during the income year.
Penalty for non-compliance with the provision of transfer
pricing:
• The penalty for failure to keep, maintain or furnish
information, documents or records shall not exceed 1% of
the value of each international transaction entered.
• The penalty for failure to comply with the notice or
requisition shall not exceed 1% of the value of each
international transaction entered.
• The penalty for failure to submit a statement of
international transactions shall not exceed 2% of the
value of each international transaction entered.
• The penalty for failure to furnish a report from
accountants shall not exceed BDT 0.3m

25. 51
Consequences of failure to deduct or collect tax at source
In case of failure to deduct or collect tax at source,
deduction at a lesser rate or failure to pay the government,
such persons shall be personally liable (with other
consequences) to pay amounts as below:
• The amount of tax that has not been deducted/ collected
• The difference between actual amount deducted and the
amount required to be deducted
• The amount that has not been paid to the government
• A maximum penalty of BDT 1m for non-compliance in
respect of cases other than mentioned above
In addition to the above amounts, such persons shall be
liable to pay an additional amount at the rate of 2% per
month on the amount above calculated for the period from
the due date to the date of payment made. The period for
which this additional amount is calculated shall not exceed
24 months.
;gfk]im]f[]g^akkmYf[]g^[]jlaÔ[Yl]g^lYp]m[lagf
or collection without actual deduction
Such persons shall be liable personally to pay those
amounts.
Failure to pay advance tax
Failing to pay advance tax or producing an untrue estimate
of advance tax will attract a penalty not exceeding the
amount of shortfall of tax payment.
Failure to pay installments of advance tax
Persons failing to pay advance tax installments shall
be deemed to be assessee in default in respect of such
installments. If advance tax paid based on the estimate is
less than 75% of the tax assessed, a simple interest at 10%
shall be payable on the shortfall amount. The rate of interest
k`YddZ]-(`a_`]ja^km[`Ykk]kk]]g]kfglÕd]Yj]lmjfgf
or before the Tax Day.
H]fYdla]kgjÕf]k
15
52 Income Tax Guide
Note:
• The period for interest shall be from 1 July following the
ÕfYf[aYdq]Yjafo`a[`YnYf[]lYpakhYalgl`]Yl]g^
regular assessment or a period of two years, whichever
is shorter.
• If tax is paid under section 74 or provisional assessment
is made under section 81 of the Ordinance, but regular
assessment has not been made:
• The simple interest shall be calculated up to the date
on which tax has been paid under section 74 or 81 of
the Ordinance
• Thereafter, interest shall be calculated on the shortfall
amount from the said 75% of the assessed tax
• Excess interest along with tax amount shall be payable as
a result of an appeal, revision, or reference, if any.
]dYqafl]j]kl^gjfglÔddaf_j]lmjfgfgjZ]^gj]l`]
Tax Day
A^Ykk]kk]]k^YadlgÕd]j]lmjfmf]jk][lagf/-g^l`]
Ordinance before the Tax Day, 2% interest per month on the
shortfall amount (assessed tax less advance tax) shall be
payable along with other consequences, if any.
Delay interest shall be calculated from the following Tax Day
lg2 Y!L`]Yl]g^Õddaf_j]lmjf$a^l`]j]lmjfakÕd]$Yf Z!
L`]Yl]g^j]_mdYjYkk]kke]fl$a^j]lmjfakfglÕd]L`]
period for calculating delay interest shall not exceed one
year. Delay interest shall not be applicable for the assessee
mentioned in section 75(5).
H]fYdlq^gj^Yadmj]lgÔd]j]lmjf$]l[
gjh]jkgfko`g^YadlgÕd]Yj]lmjfmf]jk][lagf/-$
77, 89, 91 or 93 of the Ordinance, a penalty of 10% may
be imposed on the last assessed income (minimum of
BDT 1,000) and a further penalty of BDT 50 every day
for continued default. However, penalty shall not exceed
BDT 5,000 for individual assessee whose income was not
assessed previously and 50% of last assessed income or BDT
1,000 higher one for whose income assessed previously.
For failure to comply with section 75A, 108 or 108A of
the Ordinance, a penalty at 10% of tax may be imposed
on last assessed income or BDT 5,000, higher one, and for
continued default BDT 1,000 per month.
For non-compliance with the provision of section 58, 103A,
109 or 110 of the Ordinance, a penalty of BDT 5,000

26. 53
may be imposed and a further BDT 1,000 per month for
continued default.
For failure to furnish information under section 113 of the
Ordinance, a penalty of BDT 25,000 may be imposed and a
further penalty of BDT 5,000 per day for continued default.
Failure to pay tax on the basis of return
Persons who fail to pay tax as required under section 74 of
the Ordinance will attract a penalty not exceeding 25% of
the whole/ portion of the unpaid tax.
Penalty for not maintaining accounts in a prescribed
manner
If persons who do not have income from house property
fail to maintain accounts as per section 35(2), they may
be penalized a maximum of one and a half times of the tax
payable. The penalty for persons whose income does not
exceed the minimum threshold is BDT 100. Persons having
income from house property may be penalized at 50% of the
tax payable on income from house property or BDT 5,000
whichever is higher.
Penalty for using fake TIN
The penalty shall not exceed BDT 20,000.
Penalty for concealment of income
The penalty shall be 15% of the tax avoided. If concealment
ak]l][l]Y^l]jYh]jagg^egj]l`Yfgf]q]Yjg^Õjkl
assessment of tax, an additional penalty at 15% for each
preceding assessment year shall be imposed.
Penalty for incorrect or false audit report by CA
The penalty shall not be less than BDT 50,000 but not more
than BDT 0.2m if an audit has not been done as per IFRS/
ISA.
Penalty for furnishing fake audit report
The penalty shall be BDT 0.1m.
Penalty if fails to display proof of submission of return
The penalty shall be minimum BDT 5,000 and maximum BDT
20,000.
Penalty for not obtaining proof of submission of return
where applicable
The responsible person shall be penalized up to BDT 1m.
54 Income Tax Guide
Offences and prosecutions
16
Punishment for non-compliance with certain obligations
Persons are guilty of offences, without reasonable cause,
hmfak`YZd]oal`mhlggf]q]Yjg^aehjakgfe]flYf'gjÕf]$
if they:
• Yadlg]m[l'[gdd][lYfhYqYfqlYpmf]j;`Yhl]jNAA
and section 143(2) except advance payment of taxes
• Fail to produce documents/ accounts etc., against notice
mf]j;`Yhl]jNAAAgjk][lagf0+
• Fail to furnish return under section 75 or by notice under
section 77 or 93
• Refuse to furnish information under section 113
• Refuse to permit inspection or allow copies to be taken
under section 114
• Fail to afford necessary facilities or furnish required
information under section 115
• Fail to comply with the requirements under section 116
• Fail to comply with an order under section 116A
• J]^mk]lgh]jeal'gZkljm[l]p]j[ak]g^l`]hgo]jg^lYp
authority under section 117
Hmfak`e]fl^gj^Ydk]klYl]e]flafn]jaÔ[Ylagf$]l[
Persons are guilty of offences punishable with three months
Zmlmhlgl`j]]q]Yjkg^aehjakgfe]flYf'gjÕf]$oal`gml
reasonable cause, if they:
• Furnish any false documents under any provision.
• Knowingly induce any person to make or deliver any
false document or make any willfully false statement,
accounts, declaration, etc.
• Ka_fYfakkm][]jlaÕ[Yl]^gjj]lmjfmf]jk][lagf/-Yf
tax paid that was false or believed to be false.
• Refuse to furnish information under section 115.
Punishment for improper use of TIN
The punishment shall be up to three years of imprisonment
Yf'gjÕf]mhlg:L-($(((

27. 55
Punishment for furnishing fake audit report
The punishment shall be up to three years but not less than
l`j]]egfl`kg^aehjakgfe]flYf'gjÕf]mhlg:L()e
Punishment for obstructing an income tax authority
The punishment shall be up to one year of imprisonment
Yf'gjÕf]^gjgZkljm[laf_l`]lYpYml`gjalqafak[`Yj_af_
its functions.
Punishment for unauthorized employment
The punishment shall be up to three years but not less than
l`j]]egfl`kg^aehjakgfe]flYf'gjÕf]mhlg:L(-e
for employing unauthorized foreign nationals or allowing
them to work.
Punishment for concealment of income etc.
L`]hmfak`e]flk`YddZ]mhlgÕn]q]YjkZmlfgld]kkl`Yf
l`j]]egfl`kg^aehjakgfe]flYf'gjÕf]^gj[gf[]Yde]fl
of income or deliberately furnishing inaccurate particulars.
Punishment for disposal of property to prevent
attachment
L`]hmfak`e]flk`YddZ]mhlgÕn]q]Yjkg^aehjakgfe]fl
Yf'gjÕf]
Punishment for providing false information etc.
Mhlgl`j]]q]Yjkg^aehjakgfe]fl$gjÕf]$gjZgl`$a^h]jkgf
is in possession of any information of an assessee and after
being required to furnish the information to an income tax
authority under this ordinance:
• Conceals of information.
• Deliberately furnished inaccurate information.
Punishment for disclosure of protected information
The punishment shall be up to six months of imprisonment
for disclosing any protected information in contravention of
section 163.
56 Income Tax Guide
Kge]aehgjlYfl]Õfalagfk
17
Annual value in relation to any property let out
Reasonable yearly rental value including letting furniture,
Õplmj]YfÕllaf_kgjl`]Yegmflg^YffmYdj]fl$o`a[`]n]j
is higher.
Assessee
A person by whom any tax is payable and includes every
person:
• In respect of whom any proceeding under the Ordinance
has been taken for the assessment of his or her income
or income of anotherperson in respect of which he or she
is assessable or of the amount of refund due
• By whom a minimum tax is payable
• O`gakj]imaj]lgÕd]Yj]lmjfmf]jk][lagf/-$01gj
91 of the Ordinance
• Who desires to be assessed and submit a return
• Who is deemed to be an assessee or assessee in default
Bank transfer
Bank transfer includes transfer of money by crossed
[`]im]$egZad]ÕfYf[aYdk]jna[]kgjYfqgl`]ja_alYde]Yfk
approved by the Bangladesh Bank.
Capital assets
Property of any kind but does not include stock in trade
(not stocks and shares), consumable stores, raw materials,
personal effects (wearing apparels, jewelry, furniture,
equipment, and vehicles used exclusively for personal
purpose) used by the assessee or their family dependent.
Company
9[gehYfqYk]Õf]afl`];gehYfa]k9[l)11,Yf
includes:
• Body corporate established under any law
• 9fqZYfcgjÕfYf[aYdafklalmlagf$afkmjYf[]ZgqYf
industrial or business enterprise
• Any association of person, if any, is a company

28. 57
• Association or body incorporated outside Bangladesh
• Any foreign association that the NBR declares a company
Dividend
• 9fqakljaZmlagfg^Y[[memdYl]hjgÕllgk`Yj]`gd]jkgj
debenture holders
• 9fqhjgÕlj]eall]gmlka]:Yf_dY]k`ZqY[gehYfqfgl
incorporated in Bangladesh
• Advance or loan paid by a private company not in the
ordinary course of business to the shareholders to the
]pl]fll`][gehYfqhgkk]kk]kY[[memdYl]hjgÕl
• Does not include bonus shares
• 9fqakljaZmlagfg^hjgÕlg^YemlmYd^mfgjYf
alternative investment fund
Export
Export means supply of goods and services from inside to
outside of the geographical limits of Bangladesh and shall
include supply of locally manufactured raw materials and
other inputs to export oriented industry under internal back-
to-back LC.
Income
• 9fqaf[ge]k$j][]ahlk$hjgÕlk$gj_Yafk[`Yj_]YZd]lglYp
• Amount subject to collection or deduction at source
• 9fqdgkkg^km[`af[ge]$hjgÕl$gj_Yafk
• HjgÕlgj_Yafkg^afkmjYf[]Zmkaf]kk[gehml]Ykh]j
para 8 of the 4th Schedule of the Ordinance
• Any sum deemed to be income or income deemed to
have been arisen/ received in Bangladesh
• Any amount on which tax is imposed
• Any amount that is treated as income
Income year
Af[ge]q]Yje]YfkÕfYf[aYdq]Yjaee]aYl]dqhj][]af_l`]
assessment year and includes:
• Period from setting up business and ending on 30 June
next
• Period starting when a new source of income comes into
existence and ending on 30 June next
• Period starting on 01 July and ending at the
discontinuing/ dissolution date
58 Income Tax Guide
• Period starting on 01 July and ending on the retirement/
death of the principal for the unincorporated body
• H]jagaee]aYl]dq^gddgoaf_l`]]Yl`'j]laj]e]flg^
the principal and ending on the retirement/ death of
another participant of an unincorporated body or 30
June next
• gjZYfckYfafkmjYf[]gjÕfYf[aYdafklalmlagfkgjl`]aj
subsidiaries: 12 months starting from 01 January
• In any other case, 12 months commencing from 01 July
L`];LeYqYddgoYa^^]j]flÕfYf[aYdq]Yj^gjY[gehYfq
that is a subsidiary or a holding for a parent company
af[gjhgjYl]gmlka]:Yf_dY]k`gjYZjYf[`gjdaYakgfg^Õ[]
thereof if required for the purpose of consolidation
Permanent Establishment (PE)
PE is a place through which a person has wholly or partly
carried on any business or profession and includes:
• A place of management
• 9ZjYf[`$YfY_]f[q$Yfg^Õ[]$YoYj]`gmk]$Y^Y[lgjq$
a workshop, a mine, oil, gas well, place of exploration,
extraction of natural resources, a farm or plantation
• 9Zmadaf_kal]$[gfkljm[lagf$Ykk]eZdqgjafklYddYlagf
project or its supervisory activities
• Furnishing of services, including consultancy services, by
a person through employees or other personnel engaged
by the person for such purpose, if the activities of that
nature continue in Bangladesh; and
• Any associated entity or a person that/ who is
commercially dependent on a non-resident person,
where the associated entity or person carries out any
activities in Bangladesh in connection with any sale made
in Bangladesh by the non-resident person.
Perquisite
• Any payment in cash or kind, excluding basic salary,
festival bonus, incentive, arrear salary, advance salary,
leave encashment and overtime
• 9fqZ]f]Õlaf[Yk`gjcaf$gl`]jl`Yf[gfljaZmlagflg
a recognized provident fund, approved pension fund,
gratuity fund and superannuation fund

29. 59
Person
AfanamYdk$Õjek$YfYkkg[aYlagfg^h]jkgfk$@Mk$ljmklk$
funds, local authorities, companies, entities, and every other
YjlaÕ[aYdbmjaa[Ydh]jkgf
Resident
For individuals:
Living in Bangladesh for 182 days or more in an income
year, or 90 days or more in an income year plus 365 days or
more during the four years preceding that year
gjÕjek$Ykkg[aYlagfk$Yf@Mk2
If control and management are situated wholly in
Bangladesh
For companies, trust, and fund:
Bangladeshi company or any other company if control and
management are situated wholly in Bangladesh in that year.
9dg[YdYml`gjalqYf]n]jqgl`]jYjlaÕ[aYdbmjaa[Ydh]jkgf
Supply of goods
Supply of goods means transfer of the right of goods by
way of sale, exchange or otherwise including sale under hire
hmj[`Yk]Y_j]]e]flgjÕfYf[]d]Yk]
Tax Day
For assessees other than a company:
November 30
For new individual assessees:
30 June following end of the income year.
For companies:
15 day of the seventh month following the end of the
income year, or the 15 September following the end of
the income year where the said 15 day falls before the 15
September
Next working day if the above days are public holidays.
Taxed dividend
Taxed dividend is the dividend income on which tax has been
paid by the recipient under this Ordinance.
60 Income Tax Guide
Compliance calendar for the period
1 July 2022 to 30 June 2023
18
Date Particulars
JULY 2022
14 • HYqe]flg^lYp]m[l]Ylkgmj[]
20 • KmZeakkagfg^ËKlYl]e]flg^LYp]m[l]gj
;gdd][l]mf]j;`Yhl]jNAAÌ
31 • KmZeakkagfg^ËJ]lmjfg^Oal``gdaf_LYp]kÌ
AUGUST 2022
14 • HYqe]flg^lYp]m[l]Ylkgmj[]
20 • KmZeakkagfg^ËKlYl]e]flg^LYp]m[l]gj
;gdd][l]mf]j;`Yhl]jNAAÌ
SEPTEMBER 2022
1 • Information regarding payment salary u/s
108
• Information regarding payment interest u/s
109
• Information regarding payment dividend u/s
110
14 • Payment of Tax deducted at source
15 • First Installment of advance tax
• Annual ‘Return of income’ for the company
year ended 31 December 2021*
• KlYl]e]flg^afl]jfYlagfYdljYfkY[lagf
20 • Submission of ‘Statement of Tax Deducted or
;gdd][l]mf]j;`Yhl]jNAAÌ
OCTOBER 2022
14 • HYqe]flg^lYp]m[l]Ylkgmj[]
20 • KmZeakkagfg^ËKlYl]e]flg^LYp]m[l]gj
;gdd][l]mf]j;`Yhl]jNAAÌ

30. 61
Date Particulars
NOVEMBER 2022
14 • HYqe]flg^lYp]m[l]Ylkgmj[]
20 • KmZeakkagfg^ËKlYl]e]flg^LYp]m[l]gj
;gdd][l]mf]j;`Yhl]jNAAÌ
DECEMBER 2022
14 • HYqe]flg^lYp]m[l]Ylkgmj[]
15 • K][gfAfklYdde]flg^YnYf[]lYp
20 • KmZeakkagfg^ËKlYl]e]flg^LYp]m[l]gj
;gdd][l]mf]j;`Yhl]jNAAÌ
JANUARY 2023
14 • HYqe]flg^lYp]m[l]Ylkgmj[]
15 • 9ffmYdËJ]lmjfg^af[ge]Ì^gjl`][gehYfq
year ended 30 June 2022*
• KlYl]e]flg^afl]jfYlagfYdljYfkY[lagf
20 • KmZeakkagfg^ËKlYl]e]flg^LYp]m[l]gj
;gdd][l]mf]j;`Yhl]jNAAÌ
31 • KmZeakkagfg^ËJ]lmjfg^Oal``gdaf_LYp]kÌ
FEBRUARY 2023
14 • HYqe]flg^lYp]m[l]Ylkgmj[]
20 • KmZeakkagfg^ËKlYl]e]flg^LYp]m[l]gj
;gdd][l]mf]j;`Yhl]jNAAÌ
MARCH 2023
14 • HYqe]flg^lYp]m[l]Ylkgmj[]
15 • L`ajAfklYdde]flg^YnYf[]lYp
20 • KmZeakkagfg^ËKlYl]e]flg^LYp]m[l]gj
;gdd][l]mf]j;`Yhl]jNAAÌ
April 2023
14 • HYqe]flg^lYp]m[l]Ylkgmj[]
20 • KmZeakkagfg^ËKlYl]e]flg^LYp]m[l]gj
;gdd][l]mf]j;`Yhl]jNAAÌ
62 Income Tax Guide
Date Particulars
30 • KmZeakkagfg^af^gjeYlagfj]_Yjaf_Õdaf_g^
returns by employees under section 108A
MAY 2023
14 • HYqe]flg^lYp]m[l]Ylkgmj[]
20 • KmZeakkagfg^ËKlYl]e]flg^LYp]m[l]gj
;gdd][l]mf]j;`Yhl]jNAAÌ
JUNE 2023
Refer
Note
Below**
• HYqe]flg^lYp]m[l]Ylkgmj[]
15 • gmjl`AfklYdde]flg^YnYf[]lYp
20 • KmZeakkagfg^ËKlYl]e]flg^LYp]m[l]gj
;gdd][l]mf]j;`Yhl]jNAAÌ
*Date of submitting annual returns of income and statement
of international transactions may vary depending on the
date of the year ending.
**Note:
the due date for payment of tax deducted at source for the
month of June 2023 is as follows:
Particulars Due date
In case of deduction or collection
made on any day between 1st to
20th day of June
Within seven days
from the date on
which such deduction
or collection is made
In case of deduction or collection
made on any other dates of June
(i.e., other than 01 June to 20
June)
The next following
day on which
such deduction or
collection is made
In case of deduction or collection
made during the last two working
days of June (i.e., 29 June and 30
June)
The same day on
which such deduction
or collection is made.

31. Abbreviations
BDT Bangladesh Taka
Board/NBR National Board of Revenue
BSEC Bangladesh Securities and Exchange
Commission
BTRC Bangladesh Telecommunication Regulatory
Commission
CA Chartered Accountants
CDA Chattagram Development Authority
CMA Cost and Management Accountants
CS Chartered Secretariat
DCT Deputy Commissioner of Taxes
G@K ]^]f[]G^Õ[]jk@gmkaf_Kg[a]lq
DPS Deposit Pension Scheme
=HR =phgjlHjg[]kkaf_Rgf]
FI Financial Institution
FS Financial Statements
HUF Hindu Undivided Family
ICB Investment Corporation of Bangladesh
ICT Information and Communication Technology
ICX Interconnection Exchange
IGW International Gateway
KDA Khulna Development Authority
LC Letter of Credit
LEED Leadership in Energy and Environmental Design
m Million
MOE Ministry of Education
MPO Monthly Payment Order
NBFI Non-Banking Financial Institutions
NGO Non-Government Organization
PE Permanent Establishment
PPP Public Private Partnership
PSC Production Sharing Contract
RAJUK Rajdhani Unnyan Kartipakkha
RDA Rajshahi Development Authority
SME Small and Medium Enterprise
The Ordinance Income Tax Ordinance, 1984
LAF LYphYq]jÌkA]flaÕ[YlagfFmeZ]j
N9L NYdm]9]LYp