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Bangladesh: Tax rate reduction proposals in 2020 budget

Bangladesh: Tax rate reduction proposals in 2020 budget

The 2020 budget proposals in Bangladesh include measures concerning the corporate tax and individual (personal) tax rates.


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The budget proposes to reduce the tax rate for private limited companies (including branch and liaison offices) from 35% to 32.5%.

Concerning individual taxation, the existing tax rates are generally proposed to be reduced (in some instances, by 5%). For non-resident foreigners, the flat tax rate would be 30%.

The proposals also include changes to the rules for tax deductions and specifically concerning deductions that are not to be allowed in certain circumstances.

Read a July 2020 report prepared by KPMG International

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