Bangladesh: Income tax and VAT proposals in Finance Bill 2024
Changes to capital gains tax rates, VAT rates and exemptions
Changes to capital gains tax rates, VAT rates and exemptions in Finance Bill 2024
Income tax and value added tax (VAT) proposed measures in the Finance Bill 2024 include the following:
- Increase in the capital gains tax rate for companies to 15% (from 10%), and proposed increase in capital gains tax rate for sponsors, directors, and placement shareholders to 15% (from 5%)
- Increase in the VAT rates for certain services including amusement parks and tour operators
- VAT exemption for imports of certain materials for polyethylene terephthalate (PET) chips and aircraft engine manufacturing
Read a June 2024 report prepared by the KPMG member firm in Bangladesh
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