The Bangladesh National Board of Revenue has published the Finance Act 2020, which was approved by parliament on 30 June 2020. The main tax measures are summarized as follows:
- The corporate income tax rate for non-publicly traded companies, including associations of persons, is reduced from 35.0% to 32.5%;
- A 2.5% surcharge is introduced on all types of tobacco-manufacturing companies;
- New rules are introduced for the taxation of capital gains from the transfer of a business or undertaking i…