Individual Income Tax

In Bangladesh, individual income tax is governed by the Income Tax Act, 2023. The tax system is progressive, with different tax rates applied to different income brackets. Residents of Bangladesh are taxed on their worldwide income, while non-residents are taxed only on income earned within Bangladesh. There are also exemptions and allowances available, such as personal allowances, which can reduce taxable income. Individuals are required to file an annual tax return by November 30th.Tax payments can be made in advance or in a lump sum at the time of filing.

NAP Advisory & Solutions offers a comprehensive suite of tax services tailored to meet the needs of individual clients. Our services include Tax Planning, Tax Filing and Compliance and Tax Advisory.

NAP's approach is client-centric, focusing on delivering personalized solutions that align with each client's unique financial situation and goals. Our team of experienced professionals is dedicated to providing clear, actionable advice, helping clients confidently navigate the complexities of the Bangladeshi tax system.