The Bangladesh National Board of Revenue has published the Finance Act 2020, which was approved by parliament on 30 June 2020. The main tax measures are summarized as follows:

• The corporate income tax rate for non-publicly traded companies, including associations of persons, is reduced from 35.0% to 32.5%;
• A 2.5% surcharge is introduced on all types of tobacco-manufacturing companies;
• New rul…