Tax

TDS Rates Chart FY 2022-23 in Bangladesh with Section References

September 18, 2022
TDS Rates FY2022-23 BD

Do you know the updated TDS rates chart FY 2022-23 in Bangladesh with section references?

The people who are working in accounts and finance department, responsible for making the payments require to know the TDS rates to deduct or collect tax at source during making the payment to comply the tax law.

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In this article, I have compiled full TDS rates chart FY 2022-23 in Bangladesh including section references for you. At the end of the TDS rates chart, you will also find the related annexure where I have also included the details explanation for you.

You will be happy to know that, I also publish VAT rates chart, SD rates chart and VAT exempted goods and services in this blog. But the most important issue is that when you will make the payment, you have to know how the tax shall be calculated in different situations. Sometimes, you may face difficulties in complex tax issues.

Anyway, there are few changes in the TDS rates chart FY 2022-23 in Bangladesh. After incorporating all the changes, full TDS rates chart FY 2022-23 with section references are presented below in table.

Now, let’s start for details TDS rates chart FY 2022-23 in Bangladesh.

Please rotate your smartphone screen for friendly view of the below table. You may also download PDF copy of this full TDS rates chart FY 2022-23.

SIHeadsRefRate
1SalariesSection 50Average
Salaries (Government)Section 50 (1A)Average
2Discount on the real value of Bangladesh Bank BillsSection 50AMaximum
3Interest or profit on securitiesSection 515%
4(a) Execution of contract, other than a contract for providing or rendering a service mentioned in any other section of Chapter VII.
(b) Supply of goods;
(c)Manufacture, process or conversion;
(d) Printing, packaging or binding
Section 52 & Rule 16Annexure 1
5Royalties, franchise, fee for issuing license, brand name, patent, invention, formula, process, method, design, pattern, know-how, copyright, trademark, trade name, literary or musical or artistic composition, survey, study, forecast, estimate, customer list or any other intangiblesSection 52AAnnexure 2
6Deduction from payment of certain servicesSection 52AAAnnexure 3
7C&F agency commissionSection 52AAA10%
8Manufacturer of nonmechanical cigarette (Bidi)Section 52B10% of the value of banderols
9Compensation against acquisition of propertySection 52C(a) 6% of the amount of such compensation against the immovable property situated within a city corporation, paurashava or cantonment board   (b) 3% of the amount of such compensation against the immovable property situated outside the jurisdiction of a city corporation, paurashava or cantonment board
10Interest on saving instrumentsSection 52D10%
(No withholding tax on interest on pensioners savings certificate if cumulative investment in such certificate at the end of the income year does not exceed tk. 5 lakh)
11Payment to a beneficiary of Workers’ Participation FundSection 52DD5%
12Brick ManufacturerSection 52FTk.45,000/-for one section brickfield, Tk.70,000/-for one and half section brickfield, Tk.90,000/-for two section brick field,
Tk.1,50,000/-for automatic brickfield
13Commission of letter of creditSection 52I5%
14Travel agentSection 52JJSee lesson 3.1
15Renewal of trade license by City Corporation or PaurashavaSection 52KTk. 3,000/-for Dhaka North City
Corporation, Dhaka South City Corporation & Chittagong City Corporation;

Tk. 2,000 for any other city corporation,   Tk. 1,000 for any paurashava of any district
headquarters;
Tk. 500 in any other paurashava
16Freight forward agency commissionSection 52M15%
17Purchase of powerSection 52N6%
18Foreign technician serving in diamond cuttingSection 52O5%
19Services from convention hall, conference centre etc.Section 52P5%
20Any income in connection with any service provided to any foreign person by a resident person;   No tax against sale of software or services if it is exempted under paragraph 33 of part A of the sixth schedule, or excluded from total income by paragraph 48 and 61 of Part A of the Sixth Schedule.Section 52Q10% But 7.5% in case of contracts on manufacturing, process or conversion, civil work, construction, engineering or works of similar nature.
21International gateway service in respect of phone call.Section 52R(1) 1.5% of total revenue received by IGW services operator.
(2) 7.5% of revenue paid or credited to ICX, ANS, BTRC and others
(2A) 7.5% on the whole amount so paid or credited at the time of payment or credit
22Payment in excess of premium paid on life insurance policySection 52T5%
23Payment on account of purchase through local L/CSection 52U3% (If purchase of goods for the purpose of trading or reselling after process or conversion) 1% (Payment against the invoice or sale of goods to distributor)
2% (If the payment related to local letter of credit (L/C) and any other financing agreement in respect of purchase or procurement of rice, wheat, potato, onion, garlic, peas,
chickpeas, lentils, ginger, turmeric, dried chilies, pulses, maize, coarse flour, flour, salt, edible oil, sugar, black pepper, cinnamon, cardamom, clove, date, cassia leaf, computer or computer accessories, jute, cotton, yarn and all kinds of fruits
24Payment of fees, revenue sharing etc. by cellular mobile phone operatorSection 52V10%
25ImportSection 53 & Rule 17ANot exceeding 20% on the value of imported goods
26House property or hotel accommodationSection 53A5% of the gross rent
27Shipping business of a residentSection 53AA5% of total freight received or receivable in or out of Bangladesh
3% of total freight received
or receivable from services
rendered between two or
more foreign countries
28Recruiting agentsSection 53B10% BDT 50,000 as advance tax for license or renew of license
29Deduction of tax from export proceeds of goodsSection 53BB1% of the total export proceeds
30Member of Stock ExchangesSection 53BBBi) 0.05% on the value of shares and mutual funds transacted ii) 10% on the commission received or receivable
31Goods or property sold by public auction  Section 53C10% of sale price
32Courier business of a non-residentSection 53CCC15% on the amount of service charge
33Payment to actors, actresses, producers, etc.Section 53D(a)10% on the payment in
case of purchase of film,
drama, any kind of television
or radio program
(b)10% on the payment to
actor/actress (If the total
paymentexceedTk.10,000)
34Export cash subsidySection 53DDD10%
35Commission, discount or feesSection 53ESee lesson 2.12
36Commission or remuneration paid to agent of foreign buyerSection 53EE10%
37Where the payee is a companySection 53F(1)20%  
Where the payee is a person other than a companySection 53F(2)10%
Where the payee is a public university, or an educational institution whose teachers are enlisted for Monthly Pay Order (MPO), following the curriculm approved by the Government and whose governing body is also formed as per Government rules or regulations, or any professional institution established under any law and run by professional body of Chartered Accountants, Cost and Management Accountant or Chartered SecratariesSection 53F(3)10%
Where the payee is recognized provident fund, approved gratuity fund, approved superannuation fund or pension fundSection 53F(4)5%
38Real estate or land development businessSection 53FFSee annexure 4 in case of Building or apartment

In case of Land:
(i)5% for Dhaka, Gazipur, Narayanganj, Munshigang, Manikganj, Narshindi & Chittagong district;
(ii) 3% for any other
district
39Insurance commissionSection 53G5%
40Fees of survey or so for general insurance companySection 53GG10%
41Transfer of propertySection 53HAs mentioned in Appendix 6
42Collection of Tax from lease of propertySection 53HH4%
43Interest on deposit of post office Saving bank accountSection 53I10%
44Rental value of vacant land or plant or machinerySection 53J5% of the rent
45Advertisement of newspaper or magazine or private television channel or private radio station or any web site or any person on account of advertisement or purchasing airtime of private television channel or radio station or such website.Section 53K4%
46Transfer of shares by the sponsor shareholders of accompany listed with stock exchangeSection 53M5%
47Transfer of shares of any Stock ExchangeSection 53N15% on gain
48Any sum paid by real estate developer to land ownerSection 53P15%
49Collection of tax from motorvehicles plying commercially53QAnnexure 5
50Inland ships engaged in carrying passengers in inland water53R(1)Taka 125 per passenger (carrying capacity of an inland ship shall be the capacity of daytime plying in smooth waters)
Cargo, container (multipurpose) and coaster engaged in carrying goods in inland water53R(2)Taka 170 per gross tonnage
Dump barge engaged in carrying goods in inland water53R(3)Taka 125 per gross tonnage
51DividendsSection 54Resident/nonresident
Bangladeshi company – 20%
Resident/nonresident Bangladeshi
person other than company
-If TIN, 10%
-If No TIN, 15%
52Income from lotterySection 5520%
53Income of non-residents (Section 56):
(1) Advisory or consultancy service
(2) Pre-shipment inspection service
(3) Professional service, technical services, technical know-how or technical assistance
(4) Architecture, interior design or landscape design, fashion design or process design
(5) Certification, rating etc.
(6) Charge or rent for satellite, airtime or frequency, rent for channel broadcast
(7) Legal service
(8) Management service including event management
(9) Commission
(10) Royalty, license fee or payments related to intangibles
(11) Interest
(12) Advertisement broadcasting
(13)Advertisement making or Digital marketing
(14) Air transport or water transport
(15) Contractor or sub-contractor of manufacturing, process or conversion, civil
work, construction, engineering or works of similar nature
(16) Supplier
(17) Capital gain
(18) Insurance premium
(19)Rental of machinery, equipment etc.
(20) Dividend
(21) Artist, singer or player
(22) Salary or remuneration
(23) Exploration or drilling in petroleum operations
(24) Survey for coal, oil or gas exploration (24A) Fees, etc. of surveyors of general insurance company
(25) Any service for making connectivity between oil or gas field and its export point
(26) Any payments against any services not mentioned above
Section 56Annexure 6
(27) Any other payments under section 56Section 5630%

Annexure 1: Rate of deduction under section 52

(a) subject to clause (b), in case of a payment made under sub-section (1) of section 52, the deduction on payment shall be at the following rate:

SIBase valueRate
1Up to BDT 50 lakh3%
2Above BDT 50 lakh but below BDT 2 crore5%
3Above BDT 2 crore7%

(b) the rate of deduction from the following classes of persons shall be at the following rate:

SIDescription Rate
1In case of oil supplied by oil marketing companies engaged in marketing of petroleum oil and lubricant0.60%
2In case of oil supplied by dealer or agent (excluding petrol pump station) of oil marketing companies, on any amount1%
3In case of supply of oil by any company engaged in oil refinery, on any amount3%
4In case of company engaged in gas transmission, on any amount3%
5In case of company engaged in gas distribution, on any amount3%
6In case of an industrial undertaking engaged in producing cement, iron or iron products, ferro alloy products except MS Billets2%
7In case of an industrial undertaking engaged in the production of MS Billets0.5%
8In case of locally procured MS Scrap0.5%
9In case of supply of rice, wheat, potato, onion, garlic, peas, chickpeas, lentils, ginger, turmeric, dried chillies, pulses, maize, coarse flour, flour, salt, edible oil, sugar, black pepper, cinnamon, cardamom, clove, date, cassia leaf, jute, cotton, yarn and all kinds of fruits2%
10In case of supply of books to a person other than the Government, or any authority, corporation or body of the Government, including all of its attached and sub-ordinate offices3%
11In case of supply of trading goods to a trader5%
12In case of supply of industrial raw materials to a manufacturer4%

Annexure 2: Rate of deduction under section 52A

Description of paymentRate
Where base amount does not exceed taka 25 lakh10%
Where base amount exceeds taka 25 lakh12%

Annexure 3: Rate of deduction from the payment of certain services under section 52AA

SIDescription of service and paymentRate
1Advisory or consultancy service10%
2(i) Professional service; (ii) technical services fee; (iii) technical assistance fee10%
3(i) Catering service;
(ii) Cleaning service;
(iii) Collection and recovery service;
(iv) Private security service;
(v) Manpower supply service;
(vi) Creative media service;
(vii) Public relations service;
(viii) Event management service;
(ix) Training, workshop, etc. organization and management service;
(x) Courier service (xi) Packing and shifting service (xii) any other service of similar nature-
(a) on commission or fee
(b) on gross bill amount
                          10% 2%
4Media buying agency service
(a) on commission or fee
(b) on gross bill amount
  10% 0.65%
5Indenting commission8%
6Meeting fees, training fees or honorarium10%
7Mobile network operator, technical support service provider12%
8Credit rating service10%
9Motor garage or workshop8%
10Private container port or dockyard service8%
11Shipping agency commission8%
12Stevedoring/berth operator/terminal operator/ship handling operator- On commission or feeOn gross bill amount  10% 5%
13(i) Transport service, carrying service, vehicle rental service, repair & maintenance service; (ii) Any other service under any sharing economy platform including ride sharing service, coworking space providing service and accommodation providing service;5%
14Wheeling charge for electricity transmission3%
15Internet service10%
16Service delivery agents engaged in mobile financial services or channel partners of mobile financial services10%
17Any other service which is not mentioned in Chapter VII of this Ordinance and is not a service provided by any bank, insurance or financial institutions10%

Annexure 4: Rate of deduction from income of non-residents under section 53FF

a) in case of building or apartment constructed for residential purposes:

AreaPer square metre (BDT)
i) Gulshan Model Town, Banani, Baridhara, Matijheel C/A and Dilkusha C/A of Dhaka1,600
ii) Dhanmondi R/A, DOHS, Mohakhali, Lalmatia Housing Society, Uttara Model Town, Bashundhara R/A, Dhaka Cantonment Area, Karwanbazar C/A of Dhaka and Panchlaish R/A, Khulshi R/A, Agrabad and Nasirabad of Chittagong1,500
iii) Dhaka North City Corporation, Dhaka South City Corporation and Chittagong City Corporation other than areas mentioned in (i) and (ii)1,000
iv) Other City Corporations than Dhaka North City Corporation, Dhaka South City Corporation and Chittagong City Corporation700
v) in areas other than areas mentioned in the above (i), (ii), (iii) & (iv)300

Source tax for residential apartment consisting below 70 sqm including common space will be 20% lower and below 60 sqm including common space will be 40% lower.

b) in case of building or apartment or any space constructed not for the residential purposes:

AreaPer square metre (BDT)
i) Gulshan Model Town, Banani, Baridhara, Matijheel C/A and Dilkusha C/A of Dhaka6,500
ii) Dhanmondi R/A, DOHS, Mohakhali, Lalmatia Housing Society, Uttara Model Town, Bashundhara R/A, Dhaka Cantonment Area, Karwanbazar C/A of Dhaka and Panchlaish R/A, Khulshi R/A, Agrabad and Nasirabad of Chittagong5,000
iii) Dhaka North City Corporation, Dhaka South City Corporation and Chittagong City Corporation other than areas mentioned in (i) and (ii)3,500
iv) Other City Corporations than Dhaka North City Corporation, Dhaka South City Corporation and Chittagong City Corporation2,500
v) in areas other than areas mentioned in the above (i), (ii), (iii) & (iv)1,200

Annexure 5: Collection of tax from motor vehicles plying commercially under section 53Q

SIDescription of the vehicleRate (Tk)
1Bus having seats exceeding 5216,000
2Bus having seats not exceeding 5211,500
3Air-conditioned bus37,500
4Double decker bus16,000
5Air-conditioned (AC) minibus/coaster16,000
6Non-AC minibus/coaster6,500
7Prime mover24,000
8Truck, lorry or tank lorry having payload capacity exceeding five tons16,000
9Truck, lorry or tank lorry having payload capacity exceeding one and half tons but not exceeding five tons9,500
10Truck, lorry or tank lorry having payload capacity not exceeding one and half tons4,000
11Pickup van, human hauler, maxi or auto rickshaw4,000
12Air-conditioned taxicab11,500
13Non-AC taxicab4,000

Annexure 6: Rate of deduction from income of non-residents under section 56

SIDescription of services or paymentsRate
1Advisory or consultancy service20%
2Pre-shipment inspection service20%
3Professional service, technical services, technical know-how or technical assistance20%
4Architecture, interior design or landscape design, fashion design or process design20%
5Certification, rating etc.20%
6Charge or rent for satellite, airtime or frequency, rent for channel broadcast20%
7Legal service20%
8Management service including event management20%
9Commission20%
10Royalty, license fee or payments related to intangibles20%
11Interest20%
12Advertisement broadcasting20%
13Advertisement making or Digital marketing15%
14Air transport or water transport7.5%
15Contractor or sub-contractor of manufacturing, process or conversion, civil work, construction, engineering or works of similar nature7.5%
16Supplier7.5%
17Capital gain15%
18Insurance premium10%
19Rental of machinery, equipment etc.15%
20Dividend-
(a) company, fund and trust
(b) any other person not being a company, fund and trust
  20% 30%
21Artist, singer or player30%
22Salary or remuneration30%
23Exploration or drilling in petroleum operations5.25%
24Survey for coal, oil or gas exploration5.25%
24AFees, etc. of surveyors of general insurance company20%
25Any service for making connectivity between oil or gas field and its export point5.25%
26Any payments against any services not mentioned above20%
27Bandwith payment10%
28Any other payments20%

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