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- Capital gains: Capital gains are taxed at a rate of 15%, although there are some exemptions. Losses: Business losses may be carried forward for up to six years. The carryback of losses is not permitted.
www2.deloitte.com/content/dam/Deloitte/global/Documents/Tax/dttl-tax-bangladeshhighlights-2023.pdf
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How are business losses taxed in Bangladesh?
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Tax Losses. Tax losses can be carried forward for a maximum period of six years, but cannot be carried back. Unabsorbed tax depreciation can be carried forward indefinitely. Foreign sourced losses of a Bangladesh entity cannot be offset against the Bangladesh profits of that entity.
Transfer of shares in nonresident companies attributable to Bangladeshi assets is taxed. Losses: Business losses can be carried forward for six years. Losses from exempt income or reduced rate sources cannot offset other income. Foreign Tax Relief: Resident entities may credit foreign taxes against Bangladesh tax liability.
37. Set off of losses 38. Carry forward of business losses 39. Carry forward of loss in speculation business 40. Carry forward of loss under the head ―Capital gains‖ 41. Carry forward of loss under the head ―Agricultural income‖ 42. Conditions and limitations of carrying forward of loss, etc. 43. Computation of total income CHAPTER VI
: Resident entities are taxed on worldwide business income; nonresidents are taxed only on Bangladesh-source income. A branch of a foreign entity is treated as a foreign entity and is taxed accordingly.
37. Set off of losses. 75 38. Carry forward of business losses. 76 39. Carry forward of loss in speculation business. 76 40. Carry forward of loss under the head "Capital gains". 77 41. Carry forward of loss under the head "Agricultural income" 77 42. Conditions and limitations of carry forward of loss, etc. 78 43. Computation of total income 79
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Carry forward of business losses | An Ordinance to consolidate and amend the law relating to Income-tax.
This Handbook incorporates many of the important provisions of the Income Tax Ordinance 1984 as amended up to the Finance Act 2023 and major changes brought in by the Finance Act 2023 in respect of the Value Added Tax and Supplementary Duty Act 2012 and Rules 2016.
