The document provides information about income year, assessment year, tax rates, and tax identification numbers (TIN) in Bangladesh. It defines assessment year as the year in which tax is paid, and income year as the year to which the income being taxed refers. It explains that the income year and assessment year can be the same or different depending on the type of taxpayer. The document also outlines Bangladesh's minimum taxable income limits, general tax rates, and surcharges on income tax based on asset levels. It provides details about 12-digit TINs, including how they are issued and required uses.

1. Welcome To Our Presentation
On
Income Year, Tax Year & Tax Rate

2. Contents
 Assessment Year
 Income Year
 Importance Of Income & Assessment Year
 Determining Income & Assessment Year
 Minimum Taxable Limit
 Tax Rates
 Tax Identification Number(TIN)

3. Assessment Year
The year in which the tax is paid is called the assessment
year or tax year.
In some cases the assessment & the income years
become the same :
 Discontinued business or profession
 Persons leaving Bangladesh for good
 Non-resident persons carrying on occasional shipping
business
 Non-resident persons carrying on air transport business

4. Income Year
The year of the income for which tax is levied is
called income year.
Finance Act of 2015 has changed definitions of Income
year for the followings:
 Newly started business
 Liquidation & discontinuance of business
 Share in partnership
 Banks, Insurance & Financial institutions
 Different sources of income
 Income year of Subsidiary co. or Branch

5. Importance of Income Year & Assessment year
i. Determination of income year has the
following importance.
 Computation of total income.
 Determination of tax burden.
 Filing of tax return.
ii. Determination of assessment year.
 Exemption
 Tax burden
 Different tax rate

6. Determination of Income & Assessment
year
In terms of running business the
“Financial Year” in which the accounting
year of a business closes is the income
year of that business.

7. January - June
• If accounts are
closed the
income year
will go
backward.
July - December
• If accounts are
closed the
income year
will go forward.

8. Minimum taxable limit
Particular Amount(Tk)
 Individual, HUF, Partnership 2,50,000
 Women, aged person above 3,00,000
65 years
 Disabled person 4,00,000
 War disabled freedom fighter 4,25,000

9. Tax Rate
Tax rate is a rate which is levied one’s income.
General Tax Rate:
2017-2018 & 2018-2019
On 1st Tk 2,50,000 nil
On next Tk 4,00,000 10%
On next Tk 5,00,000 15%
On next Tk 6,00,000 20%
On next Tk 30,00,000 25%
On the balance 30%

10. Women & Senior citizen
2017-2018 & 2018-2019
On 1st Tk 3,00,000 Nil
On next Tk 4,00,000 10%
On next Tk 5,00,000 15%
On next Tk 6,00,000 20%
On next Tk 30,00,000 25%
On the balance 30%

11. Surcharge
Asset level Surcharge on
Income Tax
If net wealth not exceed 2.25 crores Nil
If it exceed 2.5 crores but not 5 crores 10%(min 3000tk)
If it exceed 5 crores but not 10 crores 15%(min 3000tk)
If it exceed 10 crores but not 15 crores 20%(min 5000tk)
If it exceed 15 crores but not 20 crores 25%(Min 5000tk)
If it exceed 20 crores 30%(min 5000tk)
Manufacturer of Tobacco, Biri, Gul will pay Surcharge @ 2.5% on income

12. Tax Identification Number(TIN)
The tax payer identification number is a
number assigned to tax paying business &
other entities for identification reporting
& record keeping purposes.

13. TIN digit varies based on in different
countries. In Bangladesh TIN is in 12 digit.
FIN act 2011 provides that fee of taka on
1000 is not required.
According to FIN act 2016 employees
receiving salary over 16000tk are
required to collect their TIN.

14. 12 digit TIN
 It will be issued by NBR on application made
by assessee. If assessee does not apply but tax
authority have required information authority
can issue 12 digit TIN.
 Who have earlier TIN registration the NBR on
such case by issuing a special direction can
collect information & issue 12 digit TIN.
 Assessees who have earlier 10 digit TIN are
required to collect 12 digit TIN before
submission of tax return.

15. Requirement of TIN in different
cases
 Opening a letter of credit for the purpose of import.
 Applying for an import registration certificate or export
registration certificate.
 Obtaining the issuance or renewal of a trade license in
the area of a city corporation or paurashava.
 Submitting tender documents by a resident for the
purpose of supply of goods, execution of a contract or
rendering a service.
 Obtaining the issuance or renewal of license of or
enlistment as a surveor of general insurance.

16.  Applying for a loan exceeding 5 lakh taka from
a bank or financial institution.
 Obtaining a credit card.
 Obtaining or maintaining the commercial
connection of gas.
 Obtaining or maintaining a drug license.
 Obtaining & retaining a license as a Nikah
Registrar under the muslim marriages &
divorces.
 Participating in any election in Upazila, City
corporation or Jatiya Sangsad.

17. Thanks To All…..