State and Scope of Property Taxation in Bangladesh
Section 2: Selected Global Practices of Property Tax
Tools of Property Tax
Tax Rate
Administration
What to learnt from other countries' experience?
Holding/Municipal Tax
☐ Majority of the selected
countries adjust municipal tax
rates based on local economic
condition and demand, applying
classified tax rates.
Determining tax rate by
estimating local demand
of each municipality
should be practiced in
Bangladesh
Land Development Tax
Inheritance Tax
Progressive tax rate is commonly ☐ Progressive rate based on estate value
practiced in other countries
OR flat rate are most practiced in the
selected countries
☐ Holding tax should be collected ☐ Land development tax should be
by the local government
authority
for reducing
administrative costs and better
provision of services as
practiced by most of the
selected countries except
Denmark and Sweden
administered by the local
government as administered in
Australia, Denmark, and China
Flat rate is commonly used to
avoid excessive tax liability on
individuals for encouraging
entrepreneurship and investment
Centralised administrative system is
practiced in all the selected countries
with discretionary power
enforcement
implementation
and
of
overseeing
State and Scope of Property Taxation in Bangladesh
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