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Bangladesh Budget for 2022-2023 Delivered Including Corporate Tax Rate Reductions

16 June 2022

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Proposed Changes

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Bangladesh

The Bangladesh Budget Speech for 2022-2023 was delivered by Finance Minister Mustafa Kamal on 9 June 2022. The main tax measures of the budget are summarized as follows: Corporate tax rate changes for certain company/entity types, with the condition that all receipts and income and all expenses and investments over BDT 1.2 million must be transacted through bank transfers: publicly traded company that has issued shares worth more than 10% of its paid-up capital through an Initial Public Offering (IPO) - reduced from 22.5% to 20.0%, but with a rate of 22.5% if the condition is not met; publicly traded...