Bangladesh Home Asia Bangladesh Taxes and Costs Taxes on Foreigners' Real Estate Rental Income in Bangladesh More BD × Bangladesh Financial Overview Overview Income Tax et al Tax Example Taxes if Resident Buying Guide Property Inheritance Country Statistics Property Investments Key Contacts Accountants Lawyers Real Estate Agents Tax on property income in Bangladesh November 18, 2016 Effective Tax Rate on Rental Income Monthly Income €1,500 €6,000 €12,000 Tax Rate 30.00% 30.00% 30.00% Click here to see a worked example Source: Global Property Guide research INDIVIDUAL TAXATION Nonresidents are taxed on their Bangladesh-sourced income. Married couples are taxed separately. The tax year or assessment year in Bangladesh is from 01 July of one year to June 30 of another year. The tax year 2015-2016 is from 01 July 2015 to 30 June 2016. The tax year 2016-2017 is from 01 July 2016 to 30 June 2017. INCOME TAX Income earned by nonresident individuals is taxed at a flat rate of 30%. RENTAL INCOME Rental income earned by nonresident individuals is taxed at a flat rate of 30%. CAPITAL GAINS Capital gains are considered as ordinary income and taxed at the standard income tax rate. Taxable capital gains are calculated by deducting acquisition costs and related expenses from the sale proceeds. Nonresidents realizing capital gains from the sale of property in Bangladesh are generally taxed at a flat rate of 30%. Properties held for more than five years prior to the sale may be subject to a special flat tax rate of 15%, if this method yields a lower tax liability. PROPERTY TAXATION Property Tax Property tax is levied on all properties in Bangladesh. Property tax is administered and collected by the local land revenue office. Property tax rates vary by location and property classification. CORPORATE TAXATION INCOME TAX Income and capital gains earned by companies are generally taxed at a flat rate of 35%. Applicable income tax rates actually vary depending on the classification of the company and the type of income or capital gains. Taxable income is computed by deducting income-generating expenses from the gross profits. Comments Be the first to comment on this article! Login or Register to submit a comment! In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.