More in Tax
Bangladesh needs to increase property tax to curb wealth inequality: CPD
A study by the Centre for Policy Dialogue (CPD) has found that Bangladesh’s property tax rate is one of the lowest in the world. The study, which the European Union supported, found that the property tax accounts for only 0.27% of Bangladesh’s gross domestic product (GDP). In comparison, the property tax accounts for 10% of […]
BY Insider Desk
Government considering taxation on domestic mobile phone manufacturing
The government is planning to impose taxes on the domestic mobile phone manufacturing industry, which has been enjoying fiscal incentives. In the upcoming budget for Fiscal Year 2023-24, taxes may be increased for local mobile phone assembly and the import of raw materials. Mobile phone assembly is subject to a 3.0% to 5.0% value-added tax […]
BY Insider Desk
Exit policy for locked-in TIN near completion
The government is preparing to introduce an exit policy for taxpayers, marking the first time such a provision will be implemented to free individuals, including expatriates, who have remained locked within the tax system indefinitely. The revenue authority is expected to incorporate a deregistration provision into the law, allowing taxpayers to exit the tax net […]
BY Insider Desk