State and Scope of Property Taxation in Bangladesh
Section 2: Selected Global Practices of Property Tax
Land Tax and Holding Tax are the highest and capital gains tax is the second highest source of property
tax revenue for both OECD and other countries of Asia and Africa, reflected through selected OECD, Asian
and African countries
➤ A significant share of property tax revenue comes from Estate, Inheritance or Gift tax in high
income OECD countries, such as in UK, USA, Iceland, Finland and Denmark whereas estate,
inheritance or Gift Tax revenue is absent or near to zero in low income Asian and African countries
either due to absence of such taxes or due to extremely low collection, reflected through selected
countries
❖ The global experience indicates Land Tax and Holding Tax should be the major source of property
tax revenue which is not the case for Bangladesh due to low collection - Land Tax and Holding Tax
collection in Bangladesh has to be strengthened
❖ The experience of developed countries indicates that Inheritance Tax and Gift Tax can be a potential
source of tax revenue In Bangladesh, Inheritance Tax can be introduced, and Gift Tax collection
should be improved
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State and Scope of Property Taxation in Bangladesh
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