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Bangladesh National Budget for 2023-24 Delivered Including Individual Income Tax Adjustments

06 June 2023

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Proposed Changes

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Bangladesh

The Bangladesh National Budget Speech for 2023-24 was delivered by Finance Minister Mustafa Kamal on 1 June 2023. Some of the main tax measures of the budget concern individual taxation, including: An increase in the tax-free income threshold of male taxpayers from BDT 300,000 to BDT 350,000, resulting in the following brackets/rates: up to BDT 350,000 - Nil over BDT 350,000 up to 450,000 - 5% over BDT 450,000 up to 750,000 - 10% over BDT 750,000 up to 1,150,000 - 15% over BDT 1,150,000 up to 1,650,000 - 20% over BDT 1,650,000 - 25% An increase in the tax-free...