Bangladesh Gazettes 2021 Finance Act

The Bangladeshi Official Gazette June 30 published Act No. 11 of 2021, the 2021 Finance Act. The law includes measures: 1) applying a 50 percent higher tax rate for payments made through non-digital means; 2) applying a 5 percent tax on payments made to the beneficiary of a worker’s participation fund and providing conditions for exemptions; 3) applying a 6 percent tax on the purchase of power; 4) charging advance income taxes of up to 20 percent on imported goods; 5) providing a table of corporate tax rates for specific types of companies; 6) reducing the rate for taxes deducted ...