State and Scope of Property Taxation in Bangladesh
Section 3: Current State of Property Taxes in Bangladesh
-Learning from the Evidence
(i) Exemption
Exemptions are not clearly defined by law, inarticulate, inconsistent (changed every
2/3years) and not known to general public.
➤ It should be consistent with minimal distortions for several years, preferably
at least five years
Large tax exemptions on government's own works and projects contributes to a low tax-
to-GDP ratio and these exemptions do not officially appear on record
Government should pay tax for its own projects maintaining required
procedures and calculation to ensure a fair tax system
Tax exemptions provided to capital assets held in bonded warehouses and administered
by back-to-back LCs are not managed well
State and Scope of Property Taxation in Bangladesh
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