Tax Incentives and Investment Conditions slide image

Tax Incentives and Investment Conditions

3.4 Personal income tax structure Resident/non-resident Bangladeshi Taxed on total income during the income year Residential status of Individual Total Income(BDT) Tax Rate First 300,000 (for women, senior citizens 65+ & persons 0% of Third Gender 350,000) Next 100,000 Next 300,000 Next 400,000 Next 500,000 On balance 5% 10% 15% 20% 25% KPMG Non-resident Taxed only on Bangladesh portion of income during the income year Taxed at a flat rate of 30% on total income during the income year Resident: (i) Presence in Bangladesh for 182 days or more in the related fiscal year or (ii) Presence for 90 days or more in the related fiscal year + 365 days or more in preceding 4 years. - Surcharge is applicable based on the amount of wealth of the individual Employers are required to deduct withholding tax at the time of payment to their employees. Return filing deadline is 30 November. For individual assesses submitting return for the first time, the date of submission is 30 June of the year. © 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. 31
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