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Bangladesh - Special considerations for short-term assignments

Bangladesh - Special considerations

Taxation of international executives.

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For the purposes of this publication, a short-term assignment is defined as an assignment that lasts for less than 1 year (365 days).

Residency rules

Are there special residency considerations for short-term assignments?

No special consideration.

Payroll considerations

Are there special payroll considerations for short-term assignments?

No special consideration.

Taxable income

What income will be taxed during short-term assignments?

All the income mentioned in the sample tax calculation will be taxed during short term assignment.

Additional considerations

Are there any additional considerations that should be considered before initiating a short- term assignment in your country/jurisdiction?

If the person works in Bangladesh without prior approval of Bangladesh Investment Development Authority (BIDA) or any other Government Authority, as the case may be, in an income year; they shall be charged additional tax at the rate of 50 percent tax payable of their income or BDT500,000 whichever is higher.

Disclaimer

All information contained in this publication is summarized by KPMG Tax and Legal Advisers, the Bangladesh member firm affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity, based on the Income Tax Ordinance 1984 as amended up to the Finance Act 2019 and major changes brought in by the Finance Act 2019 in respect of the Value Added Tax and Supplementary Duty Act 2012 and Rules 2016, Web site http://nbr.gov.bd. The provisions of the laws relied on or referred to are subject to change occasioned by future legislative amendments and court decisions.

Copyright

© 2020 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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