State and Scope of Property Taxation in Bangladesh
Section 3: Current State of Property Taxes in Bangladesh
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· Learning from the Evidence
(ii) Base
☐ Among all the existing property taxes, base of land development tax and holding tax do not require any
immediate reform
☐ Gift tax has the weakest base with a large degree of exemption
➤ The tax exemption can be held up to a certain threshold value of the property but the current
exemption on "gifts through will" to non-resident, child or a dependent member should not be
continued in an absolute manner without any condition
☐ In the case of Capital Gains Tax, tax bases are not weak, and the exemption of capital gains entirely used for
the company's equity of a start-up business is good for encouraging new investment
➤ Here, the exemption of movable property solely used for personal use can be changed by
exempting up to a certain level
✓ The personal property might be gold measured in market price, machinery valued in the cost
approach
State and Scope of Property Taxation in Bangladesh
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