Taxation & VAT Laws in Bangladesh: 

1. Income Tax:

   • Governing Law: Income Tax Ordinance, 1984.
   • Authority: National Board of Revenue (NBR).
   • Rates: Progressive rates for individuals (10%-30%); fixed rates for companies.
   • Filing: Annual returns by November 30; Tax Identification Number (TIN) required.

2. Value Added Tax (VAT):

   • Governing Law: VAT and Supplementary Duty Act, 2012.
   • Rate: Standard rate is 15%.
   • Registration: Required for businesses with turnover over BDT 3 million.
   • Returns: Monthly filing within 15 days of the following month.

3. Customs Duties:

   • Governing Law: Customs Act, 1969.
   • Rates: Based on the type of goods; classified under HS code.

4. Excise Duty:

   • Imposed on specific goods like tobacco and alcohol, as per VAT and Customs laws.

5. Withholding Tax:

   • Deducted at source on salaries, dividends, and other payments.

6. Other Taxes:

   • Property Tax: Local government-imposed.
   • Stamp Duty: On legal documents.
   • Gift Tax: On asset transfers without consideration.

7. Compliance:

   • Non-compliance leads to penalties, interest, and legal action.

Tax laws are updated annually in the national budget, so staying informed is essential.