A provision in the Income Tax Act 2023 created the discrimination

The Income Tax Act 2023 came into effect in June. The law, which replaced the Income Tax Ordinance 1984, has received appreciation from various quarters. At the same time, it has created some concerns among finance and tax professionals regarding compliance challenges. 

Under the Income Tax Act, 2023, the 'gain' tax on plots, flats and commercial establishments has doubled and redoubled.

Bangladesh government must overhaul the taxation system for greater impact

This is not the first time that the ACC’s authority in the key areas of its mandate have been tactfully curtailed.