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Income Tax Rate in Bangladesh 2018-2019. Wealth Tax and Company Tax in Bangladesh for 2018-19

 

Income Tax Rate in Bangladesh for the Financial year 2018-19 is progressive rate from 0% to 25% and maximum rate is 30%. There is distinction in tax rate for Resident and Non Resident individuals in Bangladesh. Tax on non resident individuals is charged at a uniform rate. Tax Rate and Slab for individual taxpayers and company tax rate remain unchanged in 2018-19.

 

 

Individual Income Tax Rate in Bangladesh for 2018-2019

Income Slab Tax Rate
Income upto TK 250,000 0%
TK 250,000 to TK 650,000 10%
TK 650,001 to TK 11,50,000 15%
TK 11,50,001 to TK 17,50,000 20%
TK 17,50,001 to TK 47,50,000 25%
Above TK 47,50,001 30%

 

Minimum Tax

Income Slab Tax Rate
Dhaka and Ctg City TK 5000
Other city corp TK 4000
Other Areas TK 3000

 

Income Tax Rate for Non Residents in Bangladesh for 2018-2019

Non Resident Income tax rates in Bangladesh is 30%

 

Company (Corporate) Tax Rate in Bangladesh for 2018-2019

Type of Company Tax Rate
Public Traded Company 25%
Non Public Traded Company 35%
Public Traded insurance and financial institute other than Merchant Bank and newly established Bank, Insurance and Financial Institution approved by the Government in 2013 40%
Non-Publicly traded Bank, insurance and financial institution 42.5%
Merchant Bank 37.5%
Publicly traded mobile phone companies 40%
Non-publicly traded mobile phone company 45%
Special Tax Rate  
Cigarette, bidi, zarda, chewing tobacco, gul or any other tobacco products manufacturers 45%
Income of co-operative society 15%

 

Surcharge

5% -  on income from the business of producing cigarette, bidi, zarda, gul and other tobacco items.

 

Tax Exemption available to individual tax payers in Bangladesh

Status Amount of Exemption (TK)
General Tax Payers 2,50,000
Women and Senior Citizen aged 65 years and above 3,00,000
Person with disability 4,00,000
Gazette war wounded freedom fighters 4,25,000

 

Wealth Tax Rate in Bangladesh for 2018-2019

Wealth slab Tax Rate
Income upto TK 22,500,000 0%
TK 22,500,000 to TK 50,000,000 10%
TK 50,000,001 to TK 100,000,000 15%
TK 100,000,001 to TK 150,000,000 20%
TK 150,000,001 to TK 200,000,000 25%
Net Wealth Exceeds TK 200,000,001 30%

 

Surcharge

The minimum surcharge is TK 3,000 in case the net wealth is more than TK 22,500,000

 

Due date for filing tax return

Tax Return filing date for companies extended from 15 July to 15 September

 

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