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Govt raises land transfer tax rates

FE REPORT | June 02, 2023 00:00:00


The government has raised the rate of tax by around 100 per cent on transfer of per khata (1.65 decimal) of land and building located in commercial and other areas.

To this effect, the National Board of Revenue (NBR) issued a statutory regulatory order (SRO), dated May 23, 2023.

With the latest enhancement, 8.0 per cent of the deed value or Taka 20,00,000, whichever is higher, will be applicable as tax for land or land & building located in Gulshan, Banani, Motijheel, Dilkusha, North South Road, Motijheel Expansion areas and Mohakhali in Dhaka.

Tax at a rate of 8.0 per cent of the deed value or Tk 12,00,000 whichever is higher -- will be applicable for Karwan Bazar of Dhaka. The figures are 8.0 of the deed value or Taka 8,00,000 for Agrabad and CDA Avenue of Chattogram, 8.0 per cent of the deed value or Tk 8,00,000 for Narayanganj, Bangabandhu Avenue, Badda, Sayedabad, Postogola and Gandaria of Dhaka, 8.0 per cent of the deed value or Tk 12,00,000 for Uttara, Sonargaon, Janapath, Shahbag, Panthapath, Banglamotor, Kakrail of Dhaka and 8.0 per cent of the deed value or Taka 6,00,000 for Nababpur and Fulbaria.

Tax at the rate of 8.0 per cent of the deed value or Tk 3,00,000, whichever is higher, will be charged for land or land & building located in Uttara (Sector 1-9), Khilgaon rehabilitation area (beside 100 feet road), Azimpur, Rajarbagh rehabilitation area (beside bishwa road) of Dhaka, Agrabad, Halishohar, Panchlaish, Nasirabad, Mehedibag of Chittagong, 8.0 per cent of the deed value or Tk 10,00,000 for Gulshan, Banani, Dhanmondi, Baridhara DOHS, Banani DOHS, Mohakhali DOHS, Basundhara (Block: A-I), Niketon and Baridhara of Dhaka, 8.0 per cent of the deed value or Tk 3,00,000 for Rajuk Purbachal Residential Model Town, Basundhara (Block: K-P), Jhilmil Residential Area, 8.0per cent of the deed value or Tk 5,00,000 for Kakrail, Segunbagicha, Bijoynagar, Eskaton, Green Road, Elephant Road, Fakirapool, Arambagh, Maghbazar (within one hundred feet of main road), Tejgaon Industrial Area, Sher-e-Banglanagar Administrative Area, Agargaon Administrative Area, Lalmatia, Cantonment of Dhaka and Khulshi of Chittagong and 8.0 per cent of the deed value or Tk 2,50,000 for Kakrail, Segunbagicha, Bijoynagar, Eskaton.

Tax at the rate of 8.0 of the deed value or taka 5,00,000, whichever is higher. Has been fixed for Green Road (from Road 3 to 8 of Dhanmondi Residential Area of Dhaka), 8.0 per cent or Tk 1,20,000 for Uttara (Sector 10 to 14), Nikunja (South), Nikunja (North), Badda Rehabilitation Area, Ganderia Rehabilitation Area, Syampur Rehabilitation Area, IG Bagan Rehabilitation Area, Tongi Industrial Area of Dhaka, 8.0 per cent or Tk 1,00,000 for Syampur Industrial Area, Postagola Industrial Area and Jurain Industrial Area of Dhaka, 8.0per cent or Tk 1,50,000 for Khilgaon Rehabilitation Area (beside less than 100 feet road), Rajarbagh Rehabilitation Area (beside 40 feet and other internal road) of Dhaka and 8.0 per cent or Tk 60,000 for Goran (beside 40 feet road) and Hajaribagh Tannery Area of Dhaka.

On the othe hand, Tax at the rate 8.0 per cent of deed value will be applicable for within the jurisdiction of Rajdhani Unnayan Kartripakya (RAJUK) and Chittagong Development Authority (CDA) except areas.

Previously, the rate of tax was 4.0 per cent for all the above mentioned areas.

6.0 per cent of deed value for Within the jurisdiction of Gazipur, Narayanganj, Munshiganj, Manikganj, Narsingdi, Dhaka and Chittagong districts [excluding Rajdhani Unnayan Kartripakya (RAJUK) and Chittagong Development Authority (CDA)], and within any City Corporation (excluding Dhaka South City Corporation and Dhaka North City Corporation) and Cantonment Board, 6.0 per cent of deed value for areas within the jurisdiction of a Pauroshova of any district headquarter, 6.0 per cent of deed value for areas within the jurisdiction of a Pauroshova of any district headquarter and , 4.0 per cent for areas of any other Pauroshova and 2.0 per cent of deed value for other specified areas.

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