As previously reported, the Bangladesh National Parliament approved the Finance Act 2021, including changes in the surcharge on the income tax payable by wealthy individuals. This includes a reduction in the number of surcharge slabs to 5 as follows based on net wealth:
- up to BDT 30 million - 0%
- over BDT 30 million up to 100 million - 10%
- over BDT 100 million up to 200 million - 20%
- over BDT 200 million up to 500 million - 30%
- over BDT 500 million - 35%
In addition, certain minimum surchar…