First Schedule - Special Tax Rate on investment [ Note to Article 24 ]
Part 1 - Investment display through payment of special tax
1. Investment display in building or apartment by payment of special tax—
(1) Where a natural person invests any money in the construction or purchase of a building or apartment, the source of the investment shall be deemed to have been explained if the investment is made before the assessment of tax for the relevant tax year at the rates mentioned in the table below:
Table
Serial No. | Description of Property | Tax Rate |
(1) | (2) | (3) |
1 | Gulshan Model Town, Banani, Baridhara, Motijheel commercial area and Dilkusha commercial area of Dhaka, buildings or apartments with a plinth area of more than 200 (two hundred) | Per square meter 4 (four) thousand |
2 | for buildings or apartments with a plinth area of more than 200 (two hundred) square meters located in Gulshan Model Town, Banani, Baridhara, Motijheel commercial area and Dilkusha commercial area | Per square meter 6 (six) thousand taka |
3 | Dhaka’s Dhanmondi Residential Area, Defense Officers Housing Society (DOHS), Mohakhali, Lalmatia Housing Society, Uttara Model Town, Bashundhara Residential Area, Dhaka Cantonment, Siddheshwari, Karwan Bazar, Banshri, Vijay Nagar, Wari, Segunbagicha and Nikunj and Chittagong’s Panchlaish, Khulshi, Agrabad located in and Nasirabad areas Buildings or apartments with plinth area of up to than 200 (two hundred) square meters | Per square meter 3 (three) thousand taka |
4 | Dhaka’s Dhanmondi Residential Area, Defense Officers Housing Society (DOHS), Mohakhali, Lalmatia Housing Society, Uttara Model Town, Bashundhara Residential Area, Dhaka Cantonment, Siddheshwari, Karwan Bazar, Banshree, Vijay Nagar, Wari, Segunbagicha and Nikunj and Chittagong’s Panchlaish, Khulshi, Agrabad and buildings or apartments with plinth area of more than 200 (two hundred) square meters located in Nasirabad area. | 500 (five hundred) taka |
5 | for buildings or apartments with a plinth area of more than 120 (one hundred and twenty) square meters located in any City Corporation area except the area mentioned in Serial No. 1, 2, 3 and 4 | Per square meter 800 (eight hundred) taka |
6 | Apart from the areas mentioned in Serial No. 1, 2, 3 and 4, buildings or apartments with a plinth area of more than 120 (one hundred and twenty) square meters but not more than two hundred square meters located in the City Corporation area | Per square meter 1 (one) thousand taka |
7 | for buildings or apartments with a plinth area of more than 200 (one hundred and twenty) square meters located in any City Corporation area except the area mentioned in Serial No. 1, 2, 3 and 4 | Per square meter 1 (one) thousand 500 (five hundred) taka |
8 | for buildings or apartments with a plinth area of more than 120 (one hundred and twenty) square meters located in any municipal area except the area of any district headquarters. | Per square meter 300 (three hundred) taka |
9 | for buildings or apartments with a plinth area of more than 120 (one hundred and twenty) square meters but not more than 200 (two Hundred) square meters located in any municipal area of any district headquarters. | Per square meter 500 (five hundred) taka |
10 | for buildings or apartments with a plinth area of more than 200 (two hundred) square meters located in the municipal area of any district headquarters. | Per square meter 800 (eight hundred) taka |
11 | for buildings or apartments with a plinth area of more than 120 (one hundred and twenty) square meters located in any area other than the area mentioned in Serial No. 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10 | Per square meter 200 (two hundred) taka |
12 | building or apartment having a plinth area of more than 120 (one hundred and twenty) but not more than 200 (two hundred) square meters located in any area other than the area mentioned in Serial No. 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10 | Per square meter 300 (three hundred) taka |
13 | for building or apartment with plinth area of more than 200 (two hundred) square meters located in any area other than the area mentioned in Serial No. 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10. | Per square meter 500 (five hundred) taka |
2. If the taxpayer already owns any building or apartment in a city corporation area before making such investment, invests in two or more buildings or apartments, the tax rate mentioned in sub-paragraph (1) shall be 20% (twenty percent) above.
3. The rate of tax referred to in sub-paragraph (1) shall be more than 100% (one hundred percent) in cases where-
(a) any notice is issued under section 212 for concealment of any income, assets or expenditure or evasion of tax on any income or part thereof before the filing of such return of income;
(b) any notice under section 171 is issued before the filing of such return of income; or
(c) any proceedings under sections 311-313 are made before the filing of such return of income.
4. The provisions of this section shall not apply where the money invested for the purchase or construction of such building or apartment-
(a) arises out of any criminal proceedings under any other law for the time being in force; or
(b) does not originate from any legitimate source;
2. Special tax treatment for investments in economic zones or hi-tech parks.-
1 July by a company in any economic zone declared under Section 5 of the Bangladesh Economic Zones Act, 2010 (Act No. 42 of 2010) or in a Hi-Tech Park declared under Section 22 of the Bangladesh Hi-Tech Park Authority Act, 2010 (Act No. 8 of 2010) from 2019 to June 30, 2024 (both days inclusive), if any money is invested in the construction of any industrial establishment engaged in the production of any goods or services, no question shall be raised as to the source of such invested money, 10% (ten percent) on invested before filing the return for the relevant income year is filed is paid.
Note: This is unofficial English translation. In the event of a conflict between the information on this website and the original Government publications or notifications of laws, rules, regulations, and SROs, the Government publications or notifications shall prevail. Moreover, as per Section 345(2) of the Income Tax Act 2023, if there is a conflict between the English and Bengali text, the Bengali text shall prevail.