The National Board of Revenue (NBR) has issued SRO No. 324-Law/Income Tax-05/2026, dated 31 August 2026, introducing a slab-based turnover tax structure in place of the previously applicable flat 1% turnover tax on income from business of assessees.

Under the new structure, turnover tax will apply as follows:

Gross Receipts (Turnover)	Turnover Tax Rate
Up to Tk. 20 million	0%
Exceeding Tk. 20 million but not exceeding Tk. 40 million	0.50%
Exceeding Tk. 40 million	1%

However, the above slab-based turnover tax regime will not apply to the following entities. Instead, the previously applicable turnover tax rates will continue to apply:

Entity	Turnover Tax Rate
Manufacturers of cigarettes, bidi, tobacco products, or other tobacco products	3%
Manufacturers of carbonated or sweetened beverages	2.5%
Mobile phone operators and NTTN operators	1.5%

This amendment introduces a more progressive turnover tax structure and is expected to provide relief to businesses with relatively lower levels of gross receipts.