State and Scope of Property Taxation in Bangladesh slide image

State and Scope of Property Taxation in Bangladesh

Section 2: Selected Global Practices of Property Tax ☐ Property tax collection is split among central government, Year Property tax as share of total tax revenue (%) by level of government for average OECD countries, (2017-20121) state government and local government in many countries Large share of property tax revenue is collected by 2017 the local government for selected OECD countries (Australia, Canada, Denmark, Finland, Iceland, Norway, Sweden, UK, USA) and this is also true for average OECD countries 2018 2019 2020 2021 Federal/Central State/Regional Local Governement 3.1 14.9 46.8 2.7 15.0 46.5 2.7 14.9 46.3 2.9 14.7 47.0 3.1 14.1 44.9 Source: OECD Revenue Statistics (accessed in April 2023) Around 46% of total local tax revenue comes from property tax for average OECD countries ➤ For developing countries, large share of property tax revenue is collected by the central government, which is evident through selected developing countries (e.g., China, India, Pakistan, Philippines, Bangladesh, Tanzania), including Bangladesh. The share of local government receipts of property tax revenue should increase over time in Bangladesh State and Scope of Property Taxation in Bangladesh 16
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