{"id":10036,"date":"2025-06-19T17:22:59","date_gmt":"2025-06-19T11:22:59","guid":{"rendered":"https:\/\/recombd.com\/?p=10036"},"modified":"2025-07-13T17:33:41","modified_gmt":"2025-07-13T11:33:41","slug":"income-tax-changes-proposed-in-finance-bill-2025-sros-orders-full-breakdown","status":"publish","type":"post","link":"https:\/\/recombd.com\/zh\/income-tax-changes-proposed-in-finance-bill-2025-sros-orders-full-breakdown\/","title":{"rendered":"Income Tax Changes Proposed in Finance Bill 2025, SROs &#038; Orders: Full Breakdown"},"content":{"rendered":"<p style=\"text-align: justify;\"><b>Think tax law is boring? Not this year.<\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The <\/span><b>Finance Bill 2025<\/b><span style=\"font-weight: 400;\"> has dropped, and it\u2019s anything but quiet. Packed with sweeping amendments, fine-tuned definitions, and digital compliance crackdowns, this year\u2019s tax reform is built for a modern, post-pandemic economy.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">But here\u2019s the thing: it\u2019s not just for accountants anymore.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Whether you\u2019re an individual taxpayer, small business owner, or large corporation, the <\/span><a href=\"https:\/\/recombd.com\/publications\/\"><b>new income tax changes proposed in the Finance Bill 2025, SROs, and government orders<\/b><\/a><span style=\"font-weight: 400;\"> affect how you earn, spend, and report your money.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">And yeah, it\u2019s a lot. But you don\u2019t need to read every clause\u2014we\u2019ve simplified it for you.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><b>Individual Taxation Changes You Can\u2019t Ignore<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The government\u2019s trying to make the tax system more humane. Especially for employees with legit health costs or employer-covered benefits.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><b>Key Updates:<\/b><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Medical Reimbursements:<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\"> Reimbursements for serious surgeries (heart, brain, kidney, liver, cancer, etc.) are <\/span><b>non-taxable<\/b><span style=\"font-weight: 400;\"> if you\u2019re not a shareholder-employee.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Group Insurance Premiums:<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\"> These are <\/span><b>no longer treated as perquisites<\/b><span style=\"font-weight: 400;\">. Translation? They don\u2019t increase your taxable income.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Conveyance Allowance Rules Updated:<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\"> Employers need to follow the new allowance structures carefully to avoid non-compliance.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/recombd.com\/latest-income-tax-rates-in-bangladesh\/\">For the latest income tax rates in Bangladesh 2025: everything you need to know<\/a><\/p>\n<h2 style=\"text-align: justify;\"><b>Real Estate and Rent Income Just Got Stricter<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Landlords, tenants, and real estate investors \u2014 your rent agreements and disclosure habits now matter more than ever.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><b>Advance Rent Rules:<\/b><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you receive more than <\/span><b>Tk. 5 lakh<\/b><span style=\"font-weight: 400;\"> in advance rent via non-bank methods \u2014 it\u2019s taxed right away.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rent paid via <\/span><b>bank transfer<\/b><span style=\"font-weight: 400;\">? You have 5 years (or the lease period) to adjust it.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Leftover advance rent post-deadline becomes <\/span><b>\u201cspecial rent income\u201d<\/b><span style=\"font-weight: 400;\"> \u2014 and it\u2019s fully taxable.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><b>Special Disclosure Scheme:<\/b><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A <\/span><b>revised tax disclosure scheme<\/b><span style=\"font-weight: 400;\"> allows declaration of previously undisclosed property (buildings, flats, etc.).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Penalty for multiple property investments has been <\/span><b>removed<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><b>Business Income: Tighter Rules, Smarter Filters<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Running a business? You\u2019ll want to call your tax consultant after reading this.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><b>New Income Rule:<\/b><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you <\/span><b>under-declare initial capital<\/b><span style=\"font-weight: 400;\"> and it\u2019s discovered within 5 years \u2014 it\u2019s taxed as business income.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><b>Expense Deductions Tightened:<\/b><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Commissions\/discounts<\/b><span style=\"font-weight: 400;\"> to directors or sponsor shareholders? No longer deductible.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Royalty, license fees, and technical know-how fees<\/b><span style=\"font-weight: 400;\"> capped at the lower of:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">6% of turnover, or<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">15% of net business profit<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><b>Digital Expense Rules:<\/b><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If you pay via mobile wallets or digital means <\/span><i><span style=\"font-weight: 400;\">and<\/span><\/i><span style=\"font-weight: 400;\"> don\u2019t apply TDS \u2014 that expense is <\/span><b>inadmissible<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">You can still save it\u2026 by applying <\/span><b>50% higher TDS<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><b>Minimum Tax Rate Revisions: Relief for Some, Pressure for Others<\/b><\/h2>\n<h3 style=\"text-align: justify;\"><b>Minimum Tax Based on Gross Receipts:<\/b><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Mobile operators<\/b><span style=\"font-weight: 400;\">: 1.5% (down from 2%)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Individuals (non-tobacco)<\/b><span style=\"font-weight: 400;\">: 1% (up from 0.25%)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Others<\/b><span style=\"font-weight: 400;\">: 1% (was 0.6%)<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><b>Turnover Threshold Increased:<\/b><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Minimum tax now applies only to <\/span><b>individuals earning over Tk. 4 crore annually<\/b><span style=\"font-weight: 400;\"> (was Tk. 3 crore)<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><b>TDS = Minimum Tax:<\/b><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If you\u2019re not required to file a return, the <\/span><b>tax deducted at source (TDS)<\/b><span style=\"font-weight: 400;\"> now counts as your minimum tax.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><b>Other Sources of Income: More Income Now Taxed<\/b><\/h2>\n<h3 style=\"text-align: justify;\"><b>Group Insurance Payouts:<\/b><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Amounts received from employer-paid group insurance policies are now <\/span><b>taxable under \u201cother sources.\u201d<\/b><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><b>Personal Loans:<\/b><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If loans or deposits are received <\/span><b>without a bank transfer<\/b><span style=\"font-weight: 400;\">, they\u2019re taxable.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Family exemptions apply<\/b><span style=\"font-weight: 400;\"> if received from parents, children, spouses, or siblings.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><b>Mandatory ETIN: Are You On the List?<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The list of actions that now require an <\/span><b>Electronic Taxpayer Identification Number (ETIN)<\/b><span style=\"font-weight: 400;\"> just got longer.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><b>ETIN Now Required For:<\/b><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Applying for or renewing a trade license<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Registering as a doctor, lawyer, engineer, CA, CMA, CS<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Issuing or renewing a credit card<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mobile financial services agents receiving commission<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Starting an e-commerce business<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Government employees (Grade 10 or above) under MPO<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><b>\u00a0Tax-Free Categories\u2014Even with Late Returns<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Yes, some income is still tax-free\u2014even if you submit your return <\/span><i><span style=\"font-weight: 400;\">after<\/span><\/i><span style=\"font-weight: 400;\"> the official deadline.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><b>These Incomes Remain Exempt:<\/b><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Government pension funds<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gratuity funds (up to Tk. 2.5 crore)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Government provident fund amounts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Retirement benefits from public institutions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gifts from immediate family (must be declared by both giver and receiver)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Foreign income remitted lawfully<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><b>Definitions and Technical Changes<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">A few technical terms have been officially defined or restructured.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fair Market Value<\/b><span style=\"font-weight: 400;\"> is now explicitly part of the IT Act.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Specific Return Submission Date<\/b><span style=\"font-weight: 400;\"> clarified \u2014 individual taxpayers can get up to <\/span><b>90-day extension<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Dividend exclusion<\/b><span style=\"font-weight: 400;\"> updated \u2014 NPAT from joint ventures to non-individuals doesn\u2019t count as dividend income.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><b>Key FAQs About the Finance Bill 2025 Income Tax Changes<\/b><\/h2>\n<ol style=\"text-align: justify;\">\n<li><b> Are medical reimbursements for serious illnesses still taxable?<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\"> No \u2014 if you\u2019re not a shareholder-employee and it\u2019s reimbursed by your employer, it\u2019s now tax-exempt.<\/span><\/li>\n<li><b> Do I need ETIN to get a credit card now?<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\"> Yes \u2014 ETIN is now required for many personal financial and professional activities, including credit card applications.<\/span><\/li>\n<li><b> Are personal loans taxable?<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\"> Yes, unless they\u2019re from family (parent, child, spouse, sibling) <\/span><i><span style=\"font-weight: 400;\">and<\/span><\/i><span style=\"font-weight: 400;\"> received through proper channels.<\/span><\/li>\n<li><b> What\u2019s the minimum tax rate for mobile operators?<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\"> It\u2019s reduced to 1.5% of gross receipts.<\/span><\/li>\n<li><b> Can I disclose an old building investment and avoid penalties?<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\"> Yes \u2014 the special scheme allows you to regularize undisclosed property investments with fewer penalties.<\/span><\/li>\n<\/ol>\n<h2 style=\"text-align: justify;\"><b>Final Thoughts: Your Next Step in a Post-2025 Tax World<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Here\u2019s the truth \u2014 <\/span><b>the Finance Bill 2025 doesn\u2019t just change the rules; it changes the game<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The message is loud and clear:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Keep your finances transparent<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">File on time<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Avoid off-the-books transactions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Go digital where possible<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Because now, more than ever, <\/span><b>compliance = savings<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Whether you\u2019re filing as an individual, managing a business, or navigating cross-border income, this is the year to get proactive.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><b>Ready to prepare your finances for 2025?<\/b><\/h3>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/recombd.com\/contact-us\/\"><b>Book a session with a tax consultant today<\/b><\/a><span style=\"font-weight: 400;\"> or contact us to help you file smarter, save more, and stay fully compliant with the Finance Bill 2025.<\/span><\/p>\n<p style=\"text-align: justify;\">Resources:<\/p>\n<p>https:\/\/nbr.gov.bd\/regulations\/acts\/finance-acts\/eng<\/p>\n<p>https:\/\/nbr.gov.bd\/taxtypes\/income-tax\/income-tax-paripatra\/eng<\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Think tax law is boring? Not this year. The Finance Bill 2025 has dropped, and it\u2019s anything but quiet. Packed with sweeping amendments, fine-tuned definitions, and digital compliance crackdowns, this year\u2019s tax reform is built for a modern, post-pandemic economy. But here\u2019s the thing: it\u2019s not just for accountants anymore. Whether you\u2019re an individual taxpayer, [&hellip;]<\/p>","protected":false},"author":6,"featured_media":10037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-2"],"_links":{"self":[{"href":"https:\/\/recombd.com\/zh\/wp-json\/wp\/v2\/posts\/10036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/recombd.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/recombd.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/recombd.com\/zh\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/recombd.com\/zh\/wp-json\/wp\/v2\/comments?post=10036"}],"version-history":[{"count":0,"href":"https:\/\/recombd.com\/zh\/wp-json\/wp\/v2\/posts\/10036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/recombd.com\/zh\/wp-json\/wp\/v2\/media\/10037"}],"wp:attachment":[{"href":"https:\/\/recombd.com\/zh\/wp-json\/wp\/v2\/media?parent=10036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/recombd.com\/zh\/wp-json\/wp\/v2\/categories?post=10036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/recombd.com\/zh\/wp-json\/wp\/v2\/tags?post=10036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}