State and Scope of Property Taxation in Bangladesh
Section 3: Current State of Property Taxes in Bangladesh
-Learning from the Evidence
The share of Stamp Duty is relatively higher (around 1.4 % over the years) compared to
other taxes despite its nature of being non-recurrent and having relatively lower rate than
other taxes
➤ The properties are subject to stamp taxes are also subject to recurrent land development tax and
wealth surcharge which have lower share compared to stamp duty - indicates towards the gap in
collection of these taxes.
Two Observations
Land Development Tax and Wealth Surcharge system need to be enhanced in Bangladesh on
immediate basis or at least in the short term given their importance in global property tax
composition Hence, the study has particularly focused on Land Development Tax, Wealth
Surcharge besides Holding Tax which is the second most important global Property Tax
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✰ Gift Tax system may be revived, modified or replaced with a new property tax system Hence,
the study has analysed the potential of introducing Inheritance Tax in Bangladesh
State and Scope of Property Taxation in Bangladesh
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