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Overview
Bangladeshi Taka
CURRENCY
Dhaka
CAPITAL
weekly
PAYROLL FRECUENCY
11
PUBLIC HOLIDAYS
EMPLOYER TAXES
13TH / 14TH SALARY
The 13th Salary in this region is usual and typically given at the end of the year.
Employee and employeer taxation in Bangladesh
Employer
Employers do not have to make any social insurance contributions according to the Bangladesh Labor Law. Therefore, there is no employment tax.
0% - 0%
Total Employment Cost
Employee
Employers have no obligation to make any social insurance contributions according to the Bangladesh Labor Law.
0%- 0%
0% - 0%
Total Employee Cost
Employee Income Tax in Bangladesh
Worker Income Tax
0%
Less than 250,000 BDT
10%
250,000 to 400,000 BDT
15%
400,000 to 500,000 BDT
20%
500,000 to 600,000 BDT
25%
600,000 to 3,000,000 BDT
30%
Over 3,000,000 BDT
Minimum Wage in Bangladesh
Payroll Contributions in Bangladesh
Payroll Cycle
Payment cycles in Bangladesh might be daily, weekly, biweekly, or monthly. According to Bangladesh's Employee Rights and Labor Law, salaries must be received by the conclusion of the seventh day following the last day that they are due. Workers whose contract has been terminated by the employer are subject to the same rules. With payroll outsourcing services, companies can provide timely payroll.
13th Salary
The payment of a 13th salary is not a legal requirement for employees in Bangladesh.
Employee Benefit in Bangladesh
It is highly important that you have private health insurance. Due to the challenges in funding public healthcare, insurance from a private company is a frequent benefit.
Visa and work permit in Bangladesh
All visitors from outside Bangladesh must have a visa. For aspiring foreign nationals, there are numerous visa categories, including commercial, investor, labor, and NGO work permits. The embassy where you are applying will determine the length of your stay after reviewing your application materials, which typically include a valid passport, 2 passport-size photos, an application form, and the visa cost.
An expat must have a work permit in order to work in Bangladesh. The Bangladesh Export Processing Zone Authority, the NGO Affairs Bureau, and the Bangladesh Investment Development Authority are among the government entities responsible for issuing these permissions. Which organization to contact will be confirmed by the potential employer.
VAT in Bangladesh
In Bangladesh, the typical VAT rate is 15%. With an Employer of Record in Bangladesh, companies can comply with the Labor Law requirements.
Working Hours in Bangladesh
General
In Bangladesh, the typical workweek is little more than 48 hours long (for hourly paid). Eight hours a day are worked during the typical workweek.
Overtime
Overtime is paid for all work that exceeds the standard working hours per week and is governed by employment contracts/collective contracts up to a maximum of ten hours a day and 60 hours per week.
Working Week
Sunday to Thursday.
Employee Termination in Bangladesh
Termination Process
There is a general rule that employees with at least a year of service are eligible or one month's notice or compensation in lieu of notice, as well as 30 days' salary for each additional year of service.
Notice Period
Although it is typical to give three weeks' notice, this varies by work type, industry, and seniority according to the Labor Law.
Severance Pay
For each year worked, employees who have operated for their employer for at least one year are entitled to 30 days' worth of severance pay.
Probation Period
For administrative staff, probation periods are typically six months long and three months long.
Employee Leaves in Bangladesh
Paid Time Offs
Workers are usually eligible for 10 days of annual leave with pay after one year of service, though this varies by industry.
- For every 22 days of labor, tea plantation employees have the right to one day of paid yearly leave.
- Workers who work in factories, shops, industrial enterprises, and the road transport service sector are each eligible for one day of annual leave with pay for every 18 days served.
- For every 11 days of work, newspaper workers have the right to a day of annual leave.
Public Holidays
There are 11 national holidays throughout the year.
Vacation Holidays
There are 10 vacation holidays throughout the year.
Sick Days
Workers typically have 14 paid sick days per year available to them; however, this is a one-time benefit that cannot be rolled over from one year to the next.
To be eligible for sick leave and pay, all employees must show a medical certificate each time they are absent.
Paternity Leave
Paternity leave is not yet available in Bangladesh; however, the government is looking into it
Paternal Leave
Other than maternity leave, there is no parental leave.
Other Leave
In Bangladesh, there is no other leave.
Maternity Leave in Bangladesh
8 weeks of maternity leave with pay prior to delivery and 8 weeks of paid leave following delivery are accorded to female workers who have been working for at least six months. In general, women who have worked for less than six months or who have two other children who are still alive are eligible for leave.
Following the birth of a child, women are likewise prohibited from working for 8 weeks.
There are 112 leave throughout the year.