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Business Reforms in Bangladesh

= Doing Business reform making it easier to do business. Negative =  Change making it more difficult to do business.

DB2017

Paying Taxes: Bangladesh made paying taxes more complicated for companies by increasing the time it takes to prepare VAT and corporate income tax returns. This reform applies to both Chittagong and Dhaka.

DB2016

Paying Taxes: Bangladesh made paying taxes less costly for companies by reducing the corporate income tax rate. This reform applies to both Chittagong and Dhaka.

DB2015

Trading across Borders: Bangladesh made trading across borders easier by introducing a fully automated, computerized customs data management system, ASYCUDA (Automated System for Customs Data) World. This reform applies to both Chittagong and Dhaka.

DB2014

Starting a Business: Bangladesh made starting a business easier by automating the registration process and reducing the time required to obtain a trading license and to complete the tax and value added tax registration.

DB2013

Getting Electricity: Bangladesh made getting electricity more difficult by requiring all customers to meet 7% of their electricity needs through solar energy, making it necessary to install solar panels.

Getting Credit: Bangladesh improved access to credit information by establishing an online platform for sharing such information.

DB2012

Getting Electricity: Bangladesh made getting electricity more difficult by imposing a moratorium on new electricity connections from April 2010 to March 2011 because of an electricity supply shortage. This moratorium has led to long delays for customers and has increased the time to obtain an electricity connection.

DB2011

Starting a Business: Bangladesh made business start-up easier by eliminating the requirement to buy adhesive stamps and further enhancing the online registration system.

Registering Property: Bangladesh reduced the property transfer tax to 6.7% of the property value.

DB2010

Starting a Business: Bangladesh made starting a business easier by launching a full-fledged online business name clearance and registration process.

Paying Taxes: Bangladesh made paying taxes less costly for companies by reducing the corporate income tax rate—though it also increased the capital gains tax rate.

Trading across Borders: Bangladesh reduced the time required to clear goods by automating customs clearance procedures at the Chittagong port.

DB2009

Starting a Business: Bangladesh simplified business registration formalities, reducing the time, cost and number of procedures to start a business.

Registering Property: Bangladesh speeded up property registration by increasing efficiency at the municipal deed registry office.

DB2008

Starting a Business: Bangladesh made starting a business more complicated by introducing an additional process for verifying the payment stamp duty

Paying Taxes: Bangladesh made paying taxes more costly for companies by increasing the corporate income tax rate.