Tax is a compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures. A corporate tax, also called corporation tax or company tax. Corporation tax is a tax imposed on the net income of the company

1. Welcome To My
Presentation

2. Profile
Tanzib Ahmed
ID: 20202124
Batch: 27
EACT-512 (Corporate Tax Planning & Management)
Department of Accounting & Information System (AIS)
Jahangirnagar University (JU)

3. Presentation Topic
Changes in Corporate Tax in the last
annual budget

4. Tax is a compulsory financial charge or some other type of
levy imposed on a taxpayer by a governmental organization
in order to fund government spending and various public
expenditures.
A Corporate tax, also called corporation tax or company
tax. Corporation tax is a tax imposed on the net income of
the company.

5. Corporate Tax Update (2021-2022) Bangladesh

6. 1.) Tax Rate:
a) Minimum Tax Rate
 It is proposed to decrease the business turnover tax rate for individual taxpayers from
0.5% to 0.25%.
b) Reduction of tax rates of the company
 Publicly traded company tax rate is proposed to be reduced from 25% to 22.5%.
 It is proposed to reduce the tax rate of non-publicly traded companies from 32.5% to 30%
 The tax rate on artificial entities and taxable entities other than companies and
associations has been fixed 30%.
 It is proposed to impose 15% tax on income of Private universities, medical colleges and
engineering colleges.
 It has been proposed to make the tax rates of mobile financial service providers similar to
those of listed banks and insurance companies.

7. c) One Person Company (and PC) tax rate
 The tax rate of one Person Company (OPC) is proposed to be 25%.
d) Taxpayer of Third gender
 It has been proposed to increase the tax-free limit for third gender taxpayers to TK
350,000.
 If a taxpayer employs 10% of the total workforce of the organization or more than
100 employees from the third gender as the hiring authority, the taxpayer will be
given the following tax relief:
 5% of tax payable or ;
 75% of the total salary paid to third gender employees is whichever less is.

8. Existing Tax Step Existing Tax rate
Up to Tk. 3 Lac. 0
On next Tk. 1 Lac. 5%
On next Tk. 3 Lac 10%
The next Tk. 4 lac 15%
The next Tk. 5 lac 20%
The rest of the money 25%
e) Tax rate of Individuals
Individual taxpayers’ income tax rates and tax rates remain unchanged as in 2020-2021.