Corporate Taxes and Cash
Incentives
Corporate taxes:
The prevailing corporate taxes for
various entities can be summarized as follows:
|
Status
|
Rate
|
|
Corporate
Tax: (on net profit)
|
|
|
Publicly
Traded Company
|
25%
|
|
Non-Publicly
Traded Company
|
35%
|
|
Bank,
Insurances, Financial Institutions (listed)
|
40%
|
|
Bank,
Insurances, Financial Institutions (not listed)
|
42.50%
|
|
Bank,
Insurances, Financial Institutions (registered after 2013)
|
40%
|
|
Merchant
Banks
|
37.50%
|
|
Cell
Phone Company (40% if listed )
|
45%
|
|
Cigarette
producing companies
|
45%
|
|
Personal
taxes (Based on defined income slabs)
|
10%-25%
|
Cash Incentives:
To promote non-traditional sectors
export incentives are given on the FOB value of the export proceeds. The items
wise details for the year 2016-17 can be summarized as follows:
|
New market and product expansion of textile market
(except US, Canada, and EU)
|
3%
|
|
Export
oriented local textiles (instead of duty drawback and custom bond)
|
4%
|
|
Additional
facility for SME textile,
|
4%
|
|
Ship
building, SME in textile industry, export of bone powder, potato, jute
thread, crust leather form Savar leather park
|
5%
|
|
Exporting
frozen shrimp and fishes
|
2-20%
|
|
Diversified
jute products, Hessian and sacking (jute finished goods)
|
5-20%
|
|
Frozen
fish (based on ice coating)
|
2-10%
|
|
Ship
export, potato, PET
|
10%
|
|
Leather
products
|
13%
|
|
Light
engineering products, furniture, leather goods
|
15%
|
|
Hand
made products using straw, sugarcane extract
|
15%
– 20%
|
|
Agro-processing
and agricultural produce(vegetable and fruit), potato export, halal meat,
vegetable seed, carbon from jute straw
|
20%
|