Tax rate of the Company for the assessment year 2008-2009

a)Company, Local Authority and those tax payers in respect of whom tax will be imposed at the maximum rate according to the Income tax Ordinance-1984.


b) If any company,who's registered office in Bangladesh on the whole of the total income excluding their dividend income received:

01. For publicly traded company(listed with Stock Exchange)

Tax Rate: 27.5% of the Total Income

*Provided that rebate at the rate of 10% of Income Tax shall be allowable if such publicly traded company gives more than 20% dividend.


*Provided futher that if such a publicly traded company declares less than 10% dividend or does not give the declared dividend within the time determined by Securities and Exchange Commission, the rate of tax for the said publicly traded compnay shall be 37.5%

2. In case of every such Company not being a publicly traded company, in case of local authorities and in case of companies as mmentioned in sub-clauses (a), (b), (bb), (bbb), and (c) of clause(20) of section 2 of Income Tax Ordinance-1984.


Tax Rate: 37.5% of the total income


3. In the case of Bank, Insurance and Financial Institutions.


Tax Rate: 45% of the total income.

4. Mobile Phone Operator Companies.


Tax Rate: 45% of the total income.

*Provided that if the company is converted into Publicly Traded Company through at least 10% share for initial Public offer, in that case the rate of tax will be 35%.

To be continue