Trade licence renewal tax to shoot up six times
The tax on trade licence renewal is set to increase six times from next fiscal year, raising concerns of soaring operational costs for
24 June 2019, 18:00 PM
Tax benefits for car assemblers
The National Board of Revenue has exempted value-added tax and supplementary duty on import of raw materials and components to make cars as the government looks to encourage development of an automobile industry in Bangladesh.
20 June 2019, 18:00 PM
New VAT system to bring in Tk 11,000cr more
The National Board of Revenue expects to collect about Tk 11,000 crore more for imposition of VAT on various goods and services and increasing rates on many others, said its officials.
19 June 2019, 18:00 PM
Advance tax on imports to raise cost of business
The introduction of 5 percent advance tax (AT) on imports from next fiscal year will push up operational costs of businesses,
18 June 2019, 18:00 PM
Transport operators to face higher tax
Road and water transport operators are set to face 25 percent higher taxes on their earnings from next fiscal year as the revenue
17 June 2019, 18:00 PM
Less tax for well-off, more for commoners
“So unfair!” is what middle-class taxpayers were left mouthing upon seeing the budget for the fiscal year 2019-20.
14 June 2019, 18:00 PM
New VAT Regime New concern for consumers
Shifting from its initial plan to slap a uniform rate, the government has finally proposed four rates of Value Added Tax to please businesspeople and take them on board to implement the new VAT law from the next fiscal year.
13 June 2019, 18:00 PM
TAX, FISCAL POLICIES: Not inclusive enough
Tax and fiscal policies framed and applied by the government are not progressive enough to reduce inequality in the society, said analysts.
12 June 2019, 18:00 PM
Tax holiday may continue for infrastructure, industries
The government is likely to extend the tax exemption benefit on income from investment in infrastructure and industries in lagging regions for five years to encourage private investment and job creation.
10 June 2019, 18:00 PM
Gold import cost to drop under baggage rules
The government may relax the baggage rules from next fiscal year to facilitate travellers to bring in gold bars and jewellery through the formal channel as it looks to curb smuggling.
9 June 2019, 18:00 PM
Five VAT rates on cards
The government is likely to whittle down value-added tax rates to five from existing seven as it is getting ready to implement the new VAT law from the next fiscal year, seven years after its enactment.
8 June 2019, 18:00 PM
Price support still eludes rice farmers
Providing price support for farmers has always been a top policy goal of almost every government. In practice, however, successive governments procured very little paddy from growers in the last three decades.
3 June 2019, 18:00 PM
Bumper Eid for clothing retailers
Clothing retailers had a good run this Eid-ul-Fitr thanks to soaring demand from urbanites in keeping with their improved purchasing
2 June 2019, 18:00 PM
Undisclosed Gold: Traders given chance to legalise it at low tax
Gold traders and jewellers will be able to legalise their undeclared stock of gold and other precious metals by paying a low tax, reads a National Board of Revenue (NBR) notification on Tuesday.
29 May 2019, 18:00 PM
Bangladesh becoming major importer of US nuts
Bangladesh is progressively becoming an important market for the US’s tree nuts, mainly almond, thanks to the country’s rising income and expanding food and beverage industry, said a report by the US Department of Agriculture (USDA).
“Consumers’ attitude towards nut consumption
23 May 2019, 18:00 PM
Rice prices hit 3-year low
Rice prices have fallen to a nearly three-year low impacted by downturn in paddy prices at the farmers’ level in the wake of good harvest as well as higher private and public stocks of the grain.
21 May 2019, 18:00 PM
COMMODITY TRADERS GRIN IN RAMADAN
Ramadan, the fasting month for Muslims, sees a spike in demand for many commodities.
19 May 2019, 18:00 PM
Inequality at all-time high
Indian Prime Minister Narendra Modi once said that growth that is not inclusive is not meaningful but just economic figures. And this proclamation seems to be gradually becoming relevant for Bangladesh.
18 May 2019, 18:00 PM
BJMC burdened with losses
The state-run jute mills appear to be a bottomless pit. Over the past decade, the government handed them Tk 7,477 crore to bail them out of their financial woes, and yet their supervising authority, Bangladesh Jute Mills Corporation, has put its hand out for more.
14 May 2019, 18:00 PM
New Vat Law: FBCCI, NBR at loggerheads
The NBR and the FBCCI are at loggerheads over the new VAT law, reminiscent of past pushbacks from the business community that have delayed its implementation by four years already.
11 May 2019, 18:00 PM