Income Tax Act 2023
Section 132 - Collection of tax from Shipping Business of a Resident
(as updated till Finance Act 2024)
Commissioner of Customs or any other authority, duly authorized in this behalf, shall not grant port clearance to a ship owned or chartered by a resident assessee carrying passengers, livestock, mail or goods, unless a certificate is received in prescribed manner by the resident assessee from Deputy Commissioner of Taxes concerned and tax at the rate of 5% (five percent) on total freight received or receivable in or out of Bangladesh has been paid:
Provided that tax shall be collected at the rate of 3% (three per cent) of total freight received or receivable from services rendered between two or more foreign countries.
Disclaimer: This is the authentic English text of the Income Tax Act 2023, as published under SRO No. 404-Law/2025 dated 08 October 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.
Section 132 - Collection of Tax from the Shipping Business of a Resident
The Commissioner of Customs or any other authority duly empowered shall not grant port clearance to any ship carrying passengers, cattle, mail or goods owned or chartered by a resident taxpayer, unless the resident taxpayer has obtained from the Deputy Commissioner to Taxes concerned a certificate in the prescribed manner and pay tax at the rate of 5% (five percent) on the gross goods entering Bangladesh or sent abroad:
Provided that a tax at the rate of 3% (three percent) shall be collected on goods received or transported in exchange for services rendered by two or more countries.
বিশেষ দ্রষ্টব্য: এই ওয়েবসাইটে উল্লিখিত কোনো কিছু যদি সরকার কর্তৃক ইস্যুকৃত আইন, বিধি, প্রজ্ঞাপন ও আদেশের সহিত সাংঘর্ষিক হয় সেইক্ষেত্রে উক্ত ইস্যুকৃত আইন, বিধি, প্রজ্ঞাপন ও আদেশই প্রাধান্য পাবে।