Tax Incentives and Investment Conditions slide image

Tax Incentives and Investment Conditions

1.5 Bangladesh's Ease of Doing Business Global rankings 131 Starting a Business Indicator Trade license within 2 days for companies, Risk based inspection for VAT registration within 3 days, etc. 135 Construction Permits Indicator Land use clearance issued from, RAJUK & CDA within 7 days, Occupancy certificate issued in 5 working days, etc. The Government has set an ambitious target to achieve a double-digit ranking by 2022. Government agencies have reformed many acts, rules, procedures, and regulatory regimes for making a favorable environment for private investment in Bangladesh. 176 Getting Electricity Indicator New electricity connection to warehouses in industrial zones in Dhaka and Chittagong is now given (up to 80 kW) within 7 working days through 2 procedures maximum 176 KPMG Trading Across Border Indicator The cost and time for border and documentary compliance for both imports and exports have recently been reduced. 72 Protecting Minority Investors Indicator The extent of shareholders rights, the extent of ownership and control, corporate transparency, disclosure has been increased, etc. 184 Registering Property Indicator Mutation for land transfer done within 7 days, company to company land transfer fee reduced to 1%, etc. 151 Paying Tax Indicator 119 Corporate Tax has been reduced to 30% from 35% Getting Credit Indicator 2 years of historical data on credit information of borrowers is now available from the credit information bureau report. © 2023 Rahman Rahman Huq and KPMG Advisory Services Limited are entities registered in Bangladesh, and member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. Printed in Bangladesh. 8
View entire presentation