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What is Finance Act 2020 Key Changes Summary about?

The Finance Act, 2020 made several changes to direct tax rates and provisions in Bangladesh: 1. It increased the income tax exemption limit for individuals from Tk. 2,50,000 to Tk. 3,00,000 and introduced a 5% tax rate for income between Tk. 3,00,000 to Tk. 4,00,000. 2. It made changes to corporate tax rates, tax incentives for investment, income tax slabs, allowable expense limits, and provisions regarding TDS, returns, and assessments. 3. It also amended definitions and provisions relating to VAT, e

Author

Masum Billah

Language

EN