Professional Documents
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Lec 6 Income Tax Rates
Lec 6 Income Tax Rates
Special tax treatment regarding investment in land property increased [sec. 19BB
amended]: Tax rate of 5% has been increased to 7.5% irrespective of the location of the
land (previously it was for land situated in city corporation or pourashava or cantonment
board) [effective from 1 July 2006 for tax payment irrespective of the period of
investment].
Special tax treatment regarding investment in motor vehicle doubled [sec. 19BBB
amended]: Tax rate has been doubled and due to repeal of proviso (under which the tax
was applicable for first time registration in Bangladesh), this tax will be collected at the
time of any registration of new or old car [effective from 1 July 2006 for tax payment
irrespective of the period of investment].
Capacity of the motor Previous Rate New Rate
vehicle
Up to 1500 c.c. 5% of purchase value 10% of purchase value
Above 1500 c.c. 7.5% of purchase value 15% of purchase value