a comparison of tax policy of Bangladesh Govt. in fiscal Year 2014-15 & 2015-16

3. Discussion Points
What is Tax?
TAX Policy:
History
Types of Tax ;
Difference
between Tax
& VAT
Tax Sectors
Recent Tax
Policies in
Bangladesh
Conclusion

6. Direct Tax
Income
Wealth
Gift
Indirect Tax
Custom Duties
Excise
Sales
Service

7. Salaries
Interest on securities
Income from house property
Income from agriculture
Income from business or profession
Capital gains
Income from other sources.

8. INCOME RATE
1st Tk.. 250,000 Nil
Next Tk. 400,000 10%
Next Tk. 500,000 15%
Next Tk. 6,00,000 20%
Next Tk. 30,00,000 25%
Amount over Tk. 47,50,000 30%
Any income of an individual being a non-resident foreigner 30%

9. Type of Taxpayers
Tax free Income Limit
Last Year This Year
Individual 220,000 250,000
Women and 65 above aged taxpayers 275,000 300,000
Retarded taxpayers 350,000 375,000
Liberation war wounded gazeted freedom
fighters
400,000 425,000

10. • SURCHARGE FOR INDIVIDUAL TAXPAYER BASED ON NET
WEALTH:
• More than 2.25 crore but not more than 10 crore – 10%
• More than 10 crore but not more than 20 crore – 15%
• More than 20 crore but not more than 30 crore – 20%
• More than 30 crore – 25%
• Minimum surcharge payable is Tk. 3,000.

11. COMPANY 2014-15 2015-16
Publicly Traded Company 27.50% 25%
Publicly traded Co. declaring at least
30% dividend
24.75% 25%
Publicly traded Co. declaring less than
10% dividend
35% 25%
Non-publicly traded company 35% 35%
Bank, Insurance & Financial Institute:
Listed & 4th Generation Banks and FIs
Non-listed
42.50%
42.50%
40.00%
42.50%
Company
Last Year
This Year
Merchant Bank 37.50% 37.50%
Cigarette: Non Publicly Traded
Publicly Traded
45%
40%
45%
45%
Cellular Phone: Non Publicly Traded
Publicly Traded
45%
40%
45%
40%
Minimum Tax payable on gross
turnover
0.30%
0.30%
(0.10% in
first three
years)
CORPORATE TAX RATE- 1 CORPORATE TAX RATE -2