Bangladesh's NBR mulls raising corporate tax rate to up to 20%

11 Apr '25

1 min read

Bangladesh's NBR mulls raising corporate tax rate to up to 20%

Pic: Rehman Asad / Shutterstock.com

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Bangladesh's National Board of Revenue is reportedly planning to raise its corporate tax rate from 12 per cent now to up to 20 per cent from the next fiscal, with 18 per cent for green factories (from 10 per cent now).
This is likely to hit apparel exporters as the garment sector has long been enjoying tax benefits.
IMF pressure is said to be one of the reasons behind the proposal.

Bangladesh’s National Board of Revenue (NBR) is reportedly planning to raise its corporate tax rate to up to 20 per cent from the next fiscal, with 18 per cent for green factories. This is expected to affect apparel exporters as the garment sector has long been enjoying tax benefits.

The corporate tax rate for the garment sector now is 12 per cent; for green factories, it is 10 per cent.

Pressure from the International Monetary Fund (IMF) is said to be one of the reasons behind the planned decision to raise revenue collection and aim to eliminate disparities in corporate tax rates across sectors.

But nothing has been finalised yet as the proposal will be submitted to the finance adviser and the chief adviser, and will be implemented in the next budget only after they agree to it, a domestic media outlet reported.

Fibre2Fashion News Desk (DS)

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