2017孟加拉国税务简报（英文版）

报告摘要

International Tax Highlights in Bangladesh (2017)

Core Content Overview

This document provides an overview of the international tax framework in Bangladesh, covering corporate and personal taxation, tax incentives, withholding taxes, and compliance requirements. It also outlines the current tax laws and regulations effective as of 2017.

Corporate Taxation

Taxation Basis

Residency: An entity is considered a resident if it is registered in Bangladesh or if its management and control are based in Bangladesh.
Taxable Income: Resident entities are taxed on worldwide business income, while non-residents are taxed only on Bangladesh-source income.
Branch Treatment: A branch of a foreign entity is treated as a foreign entity and taxed accordingly.

Tax Rates

General Rate: 25% for publicly traded companies.
Special Sectors:
- Banks, insurance companies, and financial institutions: 42.5% (40% if publicly traded).
- Mobile phone operators and cigarette manufacturers: 45%.
- All other companies: 35%.
Additional Tax: A 50% additional tax is imposed on any person employing or allowing a non-Bangladeshi individual to work without prior approval from the Board of Investment.

Taxation of Income Types

Dividends: Taxed at 20%.
Capital Gains: Taxed at 15%, with some exemptions.
Net Taxable Income: Calculated based on specific rules, with deductions allowed for expenses.

Withholding Taxes

Dividends: 20% for non-resident companies, unless reduced under a tax treaty.
Interest: 20% for non-resident individuals, unless reduced under a tax treaty.
Royalties: 20% for non-resident entities, unless reduced under a tax treaty.
Technical Service Fees: 20% for non-resident providers, unless reduced under a tax treaty.
Branch Profits Remittance: 20% branch profits tax on remittances abroad.
Rental Income: 15% withholding tax on non-resident rental income from plant and machinery.

Other Corporate Taxes

Capital Duty: Not applicable.
Payroll Tax: Not applicable.
Real Property Tax: Not applicable (see Stamp Duty).
Transfer Tax: Not applicable, but transfers of immovable property are subject to stamp duty and registration fees.

Anti-Avoidance Rules

Transfer Pricing: OECD-type rules apply to international transactions exceeding BDT 30 million. Documentation and arm’s length pricing certificates are required.
Substance-Over-Form Principle: Tax authorities may recharacterize or disregard transactions without economic substance.

Compliance

Tax Year: 1 July to 30 June (exception for banks, insurance, and financial institutions).
Filing Requirements: Tax returns must be filed by the 15th day of the seventh month following the end of the income year.
Penalties: Apply for late filing, failure to file, failure to pay, concealment of income, and poor record-keeping.

Personal Taxation

Taxation Basis

Residency: Individuals are taxed on worldwide income if they reside in Bangladesh for more than 182 days in the income year, or for a total of at least 365 days over the preceding four years and at least 90 days in the current year.
Non-Residents: Taxed only on Bangladesh-source income.

Taxable Income Heads

Includes income from employment, profession, property, agriculture, interest, capital gains, and other income.

Capital Gains

Taxed at the applicable personal income tax rate.
Gains from assets held for more than five years are taxed at the lesser of the applicable rate or 15%.

Deductions and Allowances

Various personal deductions and allowances are available for expenses incurred in deriving income.

Tax Rates

Progressive Rates: From 10% to 30%.
Non-Residents: Taxed at a flat rate of 30%.
Investment Allowance: Capped at 25% of total income.

Compliance

Tax Year: Assessment year starts on 1 July.
Filing Deadline: Tax returns must be filed by 30 November following the financial year.
Statement of Assets: Required for individuals with gross wealth exceeding BDT 2 million, owning a motor car, or investing in city corporation property.
Penalties: Apply for late filing, failure to file, failure to pay, concealment of income, and poor record-keeping.

Value Added Tax (VAT)

Taxable Transactions

VAT is applied to the supply of goods, provision of services, and import of goods or services.

Rates

Standard Rate: 15%.
Truncated Rates: Vary for specific services (e.g., construction services at 6%, garage and workshop services at 10%, etc.).
Exemptions: Certain textile services and temporary exemptions for manufacturing units.

Turnover Tax

3% turnover tax for unregistered persons with turnover less than BDT 8 million.

Registration

Required for taxpayers with annual turnover of BDT 8 million or more or involved in import/export.
Optional for those with turnover below BDT 8 million.

Filing and Payment

VAT must be paid in advance.
Withheld VAT must be deposited within 15 days of the deduction.
VAT returns are filed monthly, within 15 calendar days of the following month.

Tax Laws and Treaties

Tax Laws: Governed by the Income Tax Ordinance 1984, Income Tax Rules 1984, Value Added Tax Act & Rules 1991, Customs Act 1969, and Finance Act 2016.
Tax Treaties: Bangladesh has signed over 30 tax treaties to reduce double taxation.
Tax Authorities: National Board of Revenue.

Contact Information

Himanshu Patel: himanshupatel@deloitte.com
Deloitte: A global network of member firms providing audit, consulting, tax, and related services. Note that Deloitte Global does not provide direct services to clients.

展开完整摘要