To address issues regarding tax evasion and the accumulation of hidden wealth, the government is moving toward a market-based property valuation system. Committees have been tasked with determining the actual market values of properties within a four-month timeframe. Following this assessment, revised tax and fee structures are expected to be implemented starting in July 2027.
Economy
Government plans market-based property valuation to curb tax evasion
The government has initiated a plan to determine the actual market value of properties to prevent tax evasion and hidden wealth.
Source: TBS Bangladesh