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Basics of Tax Laws of Bangladesh

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					           Basics of Tax Laws of Bangladesh

                Ministry of Finance (MOF)


Finance              Internal Resource    Economic Relation

              National Board of Revenue (NBR)

NBR is the Central Authority for Tax Administration in
Bangladesh and collects nearly 80% of the total revenue. NBR
is responsible for formulation and continuous re-appraisal of
tax policies and tax laws in Bangladesh.
           Basics of Tax Laws of Bangladesh
Main Role of NBR:
1. Mobilize domestic resources through collection of Import
   Duties & Taxes, VAT & Income tax,
2. Facilitation of international trade with quick clearance of
   import & export cargos

Other NBR Responsibilities:
1. Negotiating Tax treaties with foreign governments
2. Participating in inter-ministerial deliberations on economic
   issues ,
3. Administration of matters related to taxes, duties & other
   revenue.
           Basics of Tax Laws of Bangladesh

Income Tax Appellate Tribunal

Heads of Income for Computation Total Income

Incidence of Taxable Income

Residential Status for Taxation of Income

Income Tax Rate (For Resident & Non Resident)
           Basics of Tax Laws of Bangladesh

Tax Rate on Different Companies

Alternation of Tax Rate on different Companies

Reduced Tax rates for newly established industrial companies

Tax on undisclosed income

Who should submit income tax return
           Basics of Tax Laws of Bangladesh
Time to submit income tax return

Penalty of non-submission of Income tax return

Assessment procedures

Tax withholding rates for the fin year 09-10

Tax Recovery system

Advance payment of tax
          Basics of Tax Laws of Bangladesh
Tax Holiday

Periods of Tax Holiday

Tax holiday for EPZ industries

Accelerated depreciation

Agreement with other countries to avoid taxation

				
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posted:6/23/2011
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Description: NBR is the Central Authority for Tax Administration in Bangladesh and collects nearly 80% of the total revenue. NBR is responsible for formulation and continuous re-appraisal of tax policies and tax laws in Bangladesh.