ICAB PL Business Planning Taxation And Compliance Practice Questions - ICAB CA Professional Level Business Planning Taxation And Compliance (Bangladesh) Exam

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Under Section 26 of ITA 2023 (scope of total income), what is the key difference between the scope of total income for a resident taxpayer versus a non-resident taxpayer in Bangladesh?

A resident is taxed only on income remitted through banking channels, whereas a non-resident is taxed on gross global receipts A resident is taxed on worldwide income (accruing in or outside Bangladesh), whereas a non-resident is taxed only on income received, accruing, or arising in Bangladesh A resident is exempted from capital gains tax, whereas a non-resident is taxed at flat 30% on all receipts A resident is taxed on gross income without deductions, whereas a non-resident is taxed on net profit

Correct Answer:

A resident is taxed on worldwide income (accruing in or outside Bangladesh), whereas a non-resident is taxed only on income received, accruing, or arising in Bangladesh

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