Académique Documents
Professionnel Documents
Culture Documents
LECTURE 5
BUSINESS, LAW &
GOVERNMENT
1-1
Accounting
and
Information
Systems
Marketing
The Business
Enterprise
Environment
Financial
Management
Human
Resources
1-2
WHAT IS LAW?
A standard or rule established by a society
to govern the behavior of its members
WHAT IS GOVERNMENT?
A government is the system by which a state or
community is governed.
Broad
Management
&
Organization
Characteristics
1-3
1-4
THE JUDICIARY OF
BANGLADESH
Statutory Law
Appellate Division
Administrative Law
Laws Affecting
Businesses
The Subordinate
Courts and Tribunals
1-5
Law of Torts
Law of
Contracts
Law of Sales
Law of Agency
Law of Property
Law of
Bankruptcy
Law of
Negotiable
Instruments
1-6
Civil Courts
Criminal Courts
Law of Torts
Tort: A noncriminal (civil) injury to other persons or their
Law of Contracts
Contract: a contract is a legally enforceable, voluntary
agreement between two or more parties
1-8
(CONTD.)
(CONTD.)
Law of Sales
Sales Law: Body of law involving the sale of products for
money or on credit
1-10
TAXATION IN BANGLADESH
Corporate Taxation
Tax payable by organizations on the net profit after taxes
1-9
(CONTD.)
Law of Bankruptcy
Law of Agency
Agency: A legal relationship between two parties who
Law of Property
Individual Taxation
Tax payable by individuals on their personal income
(salary, profit, rent & other earnings etc.)
1-11
1-12
TAXATION IN BANGLADESH
REFERENCES
Corporate Tax
Individual Tax
Value Added Tax
varies on product types from 2.5% - 15%
1-13