The Bangladesh parliament approved the Finance Act 2018 and the Budget for 2018-19 on 27 and 28 June 2018, respectively. Some of the main tax-related measures include:
- The corporate tax rates for banks and financial institutions are reduced by 2.5% to 37.5% for publicly-traded banks, insurance companies, financial institutions, and to 40% for non-publicly-traded banks, insurance companies, and financial institutions;
- Tax rate changes are made for the readymade garment industry, including a r…