Bangladesh Budget for 2022-2023 Delivered Including Corporate Tax Rate Reductions

The Bangladesh Budget Speech for 2022-2023 was delivered by Finance Minister Mustafa Kamal on 9 June 2022. The main tax measures of the budget are summarized as follows:

• Corporate tax rate changes for certain company/entity types, with the condition that all receipts and income and all expenses and investments over BDT 1.2 million must be transacted through bank transfers:
  • publicly traded company that has issued shares worth more than 10% of its paid-up capital through an Initial Public Off…