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Corporate Tax Rates

In case of corporate income tax rates, the major changes done by the Finance Ordinance 2007 is different tax rate for Mobile Phone Operating Companies. Following is the income tax rates for companies.

Assessment Year

Publicly traded company

Non-publicly traded company

Bank, Insurance & Financial Institution

Tax on Dividend

Person, those who are non-resident in Bangladesh

Minimum Tax

2010-2011

27.5%

37.5%

42.5% (in case of mobile phone operator company 45%, if listed 35%)

20%

25%

Tk. 5,000 (irrespective of loss & gain)

2011-2012

27.5%

37.5%

42.5% (in case of listed cigarette manufacturer company 35%) (in case of mobile phone operator company 45%, if listed 35%)

20%

25%

0.50% of the gross receipt

2012-2013

27.5%

37.5%

42.5% (in case of Marcent Bank 37.5%)(in case of cigarette manufacturer company 42.5%, if listed 35%) (in case of mobile phone operator company 45%, if listed 35%)

20%

25%

0.50% of the gross receipt

2013-2014

27.5%

37.5%

42.5% (in case of Marcent Bank 37.5%)(in case of cigarette manufacturer company 45%, if listed 40%) (in case of mobile phone operator company 45%, if listed 40%)

20%

25%

0.50% of the gross receipt

2014-2015

27.5%

35%

42.5% (in case of Marcent Bank 37.5%) (in case of cigarette manufacturer company 45%, if listed 40%) (in case of mobile phone operator company 45%, if listed 40%)

20%

30%

0.30% of the gross receipt

2015-2016

25%

35%

(I) 40% if listed in any Stock Exchange
(II) 42.5% if not listed in any Stock Exchange
(III) 40% if approved by Government in 2013
IV) 37.5% for Merchant Bank
(V) 45% for Cigarette Manufacturer
(VI) 45% for Mobile phone operator. But 40% if listed in any Stock Exchange

20%

30%

0.30% of the gross receipt
but 0.10% for 1st 3 years in case of Manufacturing firm or Company.

2016-2017

25%

35%

(I) 40% if listed in any Stock Exchange
(II) 42.5% if not listed in any Stock Exchange
(III) 40% if approved by Government in 2013
IV) 37.5% for Merchant Bank
(V) 45% for Cigarette Manufacturer
(VI) 45% for Mobile phone operator. But 40% if listed in any Stock Exchange

20%

30%

 Special Reduced Corporate Tax Rates

Textile Industries:
Reduced tax @ 15% of total income up to 30 June 2011 [S.R.O No. 207-Ain/Aykar/2008].


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