Bangladesh tax

1. Bangladesh Budget
2018-2019

3. What is Budget?
A budget is an estimation of revenue
and expenses over a specified
future period of time

4. 464,573crore

5. “2012”
191738
“2013”
222,491
“2014”
250,506
“2015”
295,100
“2016”
340,605
“2017”
400,266
“2018”
464,573
“History of Budget”

7. Revenue
Tax Revenue
Non-NBR TAX
Tax Revenue
2,96,201
9,727
33,352
3,43,331
Foreign Grants 4,051

8. Expenditure
Development
expenditure
Non-development
and other
expenditures
2,91,573
1,73,000
4,64,573

9. 42%
58%
Revenue Expensse
 Overall deficit
(Including grants):
1,21,242.
 Overall Deficit
(Excluding Grants):
1,25,293.

10. Taxes
FEES
FINES AND PENALTY
SPECIAL ASSESSMENT
Sources of
Public Revenue

11. PRICE
GIFTS AND DONATION
GRANTS IN AID
DEFICIT FINANCING

12. Public Administration
Education
Health
Housing
Transportation
Social Security
Sources of Public
Expenditure

13. Energy and Power
Defense
Health
Housing
Rural development
Agriculture

15. Changes in Income Tax Rules
Vat on E-commerce
Corporate tax for banks reduced to 37.5% from 40%
Corporate tax for the readymade garments units
will be hiked to 15%.
Spike in VAT rates for goods and services . 4% to 5%
 Flats up to 1100sqft, which had 1.5% VAT, will now
come under the purview of 2% VAT; 1101 to 1600sqft
apartment’s VAT brought down to 2% from 2.5%
A 3% withholding tax and 5% VAT is proposed for the
services of ride-sharing services.
A 5% supplementary duty has been proposed on all
polythene bags. To encourage the use of green
product jute

17. Critical Assessment of Budget
“The new budget is completely unrealistic,”
-Mirza Azizul Islam, a former finance adviser to a caretaker
government.
“What type of economic policy is it that we can increase the
perquisite benefit for the rich but won't give protection to the
incomes of the poor? It is not acceptable to us.”
-Bhattacharya, distinguished fellow of the CPD.