Bangladesh Tax 2024-2025 is the firm's annual guide to the country's tax rules, updated for the Finance Act 2024. It covers the Income Tax Act 2023 and the Value Added Tax and Supplementary Duty Act 2012 and Rules 2016, in chapters on the Income Tax Act 2023, Finance Act 2024 at a glance, corporation tax, international tax, other income matters, personal tax and VAT, with appendices.

The introduction describes a system in which residents are taxed on worldwide income and non-residents on income generated in Bangladesh, with extensive withholding and minimum tax rules. It notes that the rate for non-listed companies fell from 32.5% in FY19-20 to 25% in FY24-25, but effective tax rates remain high because of withholding tax, minimum tax, disallowed expenses and assertive assessments.

The Finance Act 2024 summary highlights corporate tax rates now set in advance for coming years, a wider definition of income that includes inheritance and donations, and the return of a 30% top slab for individuals from assessment year 2025-26. Voluntary normal returns are removed, all taxpayers file under self-assessment, and assessments must be completed within two years. The tax holiday for physical infrastructure is removed, new hi-tech park investors receive better exemption rates, and companies pay a flat 15% on listed share gains while others pay 15% or slab rate on gains above Taka 5 million. Several disallowed expenses are also taken out of special business income.