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Bangladesh Finance Act 2023 and Income Tax Act 2023 Published

12 July 2023

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Approved Changes

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Bangladesh

The Bangladesh National Board of Revenue (NBR) has published the Finance Act 2023 and the Income Tax Act 2023, which contain measures for the National Budget 2023-24 and others. Some of the main income tax measures include: Standard income tax brackets/rates are set as follows: up to BDT 350,000 - Nil over BDT 350,000 up to 450,000 (next BDT 100,000) - 5% over BDT 450,000 up to 750,000 (next BDT 300,000) - 10% over BDT 750,000 up to 1,150,000 (next BDT 400,000) - 15% over BDT 1,150,000 up to 1,650,000 (next BDT 500,000) - 20% over BDT 1,650,000 - 25%...