- Bangladesh Ministry of Finance presented the 2025-2026 budget speech on June 2
- Budget includes changes to withholding tax rates on specific supplies and services
- Turnover tax exemption limit increased to 40 million takas from 30 million takas for individual taxpayers
- Amendments to the VAT and Supplementary Duty Act with new and adjusted VAT rates on specific products
- Extension of various VAT exemptions for certain imports and specific manufacturing or assembly stages
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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