Faysal Islam

The main objective of the minimum tax is to ensure that no taxpayer is left out of the tax net

Investments and donations in fourteen (14) specified sectors have been made eligible for tax rebate, subject to Section 78 of the Income Tax Act, 2023 and Part III of the Sixth Schedule

Bangladesh’s tax system has traditionally been based on the principle of progressive taxation—an equitable framework where higher-income individuals contribute proportionately more, enabling the state to finance public welfare.

The existing tax structure does not adequately reflect their financial realities

A person can apply for cancellation of their registration under certain conditions

Individuals who have obtained income tax registration must file income tax returns within the stipulated time for each tax year,

Many professionals are earning income in foreign currency, which is then remitted to Bangladesh through formal banking channels

Closing the income tax file of a taxpayer after death and paying the outstanding tax is an important and indispensable activity