Faysal Islam

Investments and donations in fourteen (14) specified sectors have been made eligible for tax rebate, subject to Section 78 of the Income Tax Act, 2023 and Part III of the Sixth Schedule

Bangladesh’s tax system has traditionally been based on the principle of progressive taxation—an equitable framework where higher-income individuals contribute proportionately more, enabling the state to finance public welfare.

The existing tax structure does not adequately reflect their financial realities

A person can apply for cancellation of their registration under certain conditions

Individuals who have obtained income tax registration must file income tax returns within the stipulated time for each tax year,

Many professionals are earning income in foreign currency, which is then remitted to Bangladesh through formal banking channels

Closing the income tax file of a taxpayer after death and paying the outstanding tax is an important and indispensable activity

The tax system is a vital foundation for the socio-economic structure

A significant shift has occurred in the role of tax returns

In our society, borrowing cash from relatives or friends during emergencies is quite common

Assets such as land, houses, flats, buildings, and shares are more than figures on a form

Income Tax Act 2023 opens a fresh chapter in the country’s financial story