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For Company Taxpayers:
By the fifteenth day of July next following the income year or, where the fifteenth day of July falls before the expiry of six months from the end of the income year, before the expiry of such six months
Tax withholding functions: In Bangladesh withholding taxes are usually termed as a Tax deduction and collection at source. Under this system, both private and public limited companies or any other organization specified by law are legally authorized and bound to withhold taxes at some point in making payment and deposit the same to the Government Exchequer. The taxpayer receives a certificate from the withholding authority and gets credits of tax against assessed tax on the basis of such a certificate
If any non-publicly traded company transfers a minimum of 20% shares of its paid-up capital through IPO (Initial Public Offering) it would get 10% rebate on total tax in the year of transfer.
(i)
Publicly Traded Company
25%
(ii)
Bank, Insurance & Financial institutions (Except Merchant bank):
40%
42.5%
1. Merchant bank
37.5%
2. Cigarette manufacturing company/Others
42.5%
3. Mobile Phone Operator Company
45%
4. Publicly traded mobile company
40%
(i)
Publicly Traded Company
25%
(ii)
Bank, Insurance & Financial institutions (Except Merchant bank):
40%
42.5%
1. Merchant bank
37.5%
2. Cigarette manufacturing company/Others
42.5%
3. Mobile Phone Operator Company
45%
4. Publicly traded mobile company
40%
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