As of today, June 6, 2024, there haven’t been any official announcements regarding new income tax slabs or rates in Bangladesh. The National Board of Revenue (NBR) website shows no updates on income tax acts since April 6, 2024, which isn’t related to introducing new tax rates.
Bangladesh uses a progressive income tax system, meaning tax rates increase as your taxable income rises. The current income tax slabs and rates are:
- First 300,000 taka: 0%
- Next 100,000 taka: 5%
- Next 300,000 taka: 10%
- Next 400,000 taka: 15%
- Next 500,000 taka: 20%
- On balance: 25%
It’s important to note that income tax rates are determined by the Finance Act each fiscal year. So, there’s a possibility of changes in the upcoming budget announcement.
Here are some resources to stay updated on income tax regulations in Bangladesh:
- National Board of Revenue (NBR): [National Board of Revenue Bangladesh income tax ON nbr.gov.bd]
- Bangladesh Investment Development Authority (BIDA): [tax rate for personal income tax in Bangladesh ON Bangladesh Investment Development Authority bida.gov.bd]
It’s always recommended to consult with a tax advisor for personalized advice on your income tax situation.
