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Bangladesh Publishes Finance Act 2024 Including Individual and Corporate Income Tax Rate Changes

18 July 2024

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Approved Changes

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Bangladesh

The Bangladesh National Board of Revenue (NBR) has published the Finance Act 2024, which contains the measures of the National Budget for 2024-25. Some of the main tax measures concern individual taxation, which include: Maintaining the tax-free income thresholds for individuals as follows: general taxpayer - BDT 350,000 women and senior citizens above 65 years of age - BDT 400,000 physically challenged persons - BDT 475,000 war wounded freedom fighter - BDT 500,000 third gender taxpayers - BDT 475,000 The introduction of a new top bracket rate of 30% and the revision of certain lower bracket thresholds as follows with...