You are on page 1of 3

Total taxes in Bangladesh are divided into direct and indirect taxes.

Direct
taxes in Bangladesh consist of taxes on income (income tax, corporation tax,
agricultural income tax) and taxes on property (wealth tax, gift tax, estate duty,
capital gains tax, urban property tax, house rent, land revenue, registration
and non-judicial stamp).

Classification of Tax

1. Direct Tax:

A tax that is paid directly by an individual or organization to the


imposing entity. A taxpayer pays a direct tax to a government for
different purposes, including real property tax, personal property tax,
income taxes on assets.

2. Indirect Tax:

 A tax that increases the price of a good so that consumers are actually
paying the tax by paying more for the products. An indirect tax is most
often thought of as a tax that is shifted from one taxpayer to another, by
way of an increase in the price of the good. Fuel, liquor and cigarette
taxs are all considered examples of indirect taxes, as many argue that
the tax is actually paid by the end consumer, by way of a higher retail
price.
3. Personal Tax: 

Personal Income Tax (PIT) is a direct tax levied on income of a person. A


person means an individual, an ordinary partnership, a non-juristic body
of person and an undivided estate. In general, a person liable to PIT has
to compute his tax liability, file tax return and pay tax, if any, accordingly
on a calendar year basis.

4. Rent Tax:

 tax on objects/ products is called in rent tax.

Tax again two classification


1. Advalorem Tax:

 percentage amount of tax on the amount of value of goods and service.

2. Specific Tax: 

percentage amount of tax on the amount of quantity of goods


Tax Revenue: 

Tax revenue is derived from the various tax. For example income tax gift tax
expenditure tax etc.

Non Tax Revenue: 

Non Tax revenue is derived from public under taking called price and other
miscellaneous receipts. It also raise loans short term and long term argument
its revenues.

You might also like