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The tax law imposes income tax at 25 percent on listed entities and 32.5 [2] percent for non-listed entities. Corporate tax rate changes announced this year include: an additional surcharge of 2.5 percent on income of companies in the tobacco sector
The Customs Act 1969 is the basis of customs law. [12] The Income Tax Rules were promulgated by ordinance in 1984. [13] Value Added Tax was revised with the Value Added Tax (VAT) and Supplementary Duty (SD) Act 2012. [14] The Municipal Taxation Act 1881 governs municipal taxes. [15]
NBR is the authority for tax policies and tax laws in Bangladesh. [1] [2] NBR collects almost 97% of tax revenue and almost 85% of total revenue for the government of Bangladesh. [3] The Customs, Excise and VAT Appellate Tribunal is a tribunal under the National Board of Revenue established in 1995. [4] [5]
The Income-tax Ordinance, 1984; The Bangladesh Women's Rehabilitation and Welfare Foundation (Repeal) Ordinance, 1984; The Nazrul Institute Ordinance, 1984 [Repealed] The Finance Ordinance, 1984; The Fisheries Research Institute Ordinance, 1984 [Repealed] The Districts (Extension to the Chittagong Hill-tracts) Ordinance, 1984
For those filing their 2022 tax returns in 2023, there are some relatively significant changes to report. ... The Earned Income Tax Credit dropped from $1,500 to $560 for taxpayers with no ...
Most systems limit FTC in some manner. A common limitation is based on the domestic income tax considered generated by the foreign source income subject to tax. [18] This limitation may be applied overall or at one or more of the following subsets: By country [19] or region; By type of income [20] By member of a group [21] By sub-type of ...
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Customs Intelligence and Investigation Directorate (Bengali: কাস্টমস গোয়েন্দা ও তদন্ত অধিদপ্তর) is a specialized intelligence agency of the government of Bangladesh under the National Board of Revenue responsible for investigating tax evasion and customs fraud. [1]