Tax structure in bangladesh

Taxation Direct tax is borne by the tax payer and can not be passed on to any person, whereas indirect tax is passed on by the tax payer so that the burden of the tax is ultimately borne by another, for example Value Added Tax VAT which, although paid by the businessmen, is passed on to the customers.

Tax structure in bangladesh

Amount or rate for allowance on entertainment expense. Allowance in respect of expenditure on foreign travels for holidaying and recreation. Rate of allowances in respect of expenditure on distribution of free samples.

Provided that, if any such building or place is an apartment in actual occupancy of a woman, according to custom does not appear in public, the authorized officer shall, before entering such apartment, give notice to such woman that she is at liberty to withdraw and shall afford her every reasonable facility for withdrawing and may then break open the apartment and enter it.

Provided that of any such vessel, vehicle or aircraft is occupied by a woman, who according to custom does not appear in public, the authorized officer shall, before entering such vessel, vehicle or aircraft, give notice to such woman that she is at liberty to withdraw and shall afford her every reasonable facility for withdrawing.

If such person is woman the search shall be made by another woman with a strict regard to decency. A copy thereof shall be forwarded to the Senior Commissioner of Taxes and, where the authorization has been issued by any officer other than the Senior Commissioner of Taxes, also to that officer.

A copy thereof shall be forwarded to the Senior Commissioner of Taxes and, where the authorization has been issued by any officer other, than the Senior Commissioner of Taxes, also to that officer.

A copy of the list prepared shall be forwarded to the Senior Commissioner of Taxes and where the authorization has been issued by any officer other than the Senior Commissioner of Taxes, also to that officer.

Any money seized in the search referred to above may also be deposited with the Custodian. The authorized officer may break any seal and open such package in the presence of two respectable witnesses after giving a reasonable notice to the person from whose custody the contents were seized, to be present.

TIN, if any ………………………………….TAX STRUCTURE OF BANGLADESH Below is a table of tax revenue collection of Bangladesh government for the financial year and budget estimate for the financial year of In the case of direct taxes, the relation between the tax payer and the revenue authorities is direct personal.

But there is an indirect relation between the tax payer and tax authorities in the case of indirect taxes, for the taxes are collected unofficially through the agency of merchants.

Tax structure in bangladesh

The OECD tax database provides comparative information on a range of tax statistics - tax revenues, personal income taxes, non-tax compulsory payments, corporate and capital income taxes and taxes on consumption - that are levied in the 35 OECD member countries.

World Tax Advisor 1 of 2 Copyright ©, Deloitte Global Services Limited. 24 September All rights reserved. Bangladesh: New capital gains tax introduced on. A progressive tax is a tax in which the tax rate increases as the taxable amount increases. The term "progressive" refers to the way the tax rate progresses from low to high, with the result that a taxpayer's average tax rate is less than the person's marginal tax rate.

The term can be applied to individual taxes or to a tax system as a whole; a year, multi-year, or lifetime. In Bangladesh, the principal direct taxes are personal income taxes and corporate income taxes, and a value-added tax (VAT) of 15% levied on all important consumer goods.

The top income tax rate for individuals is 25%.

Progressive tax - Wikipedia