10 firms provide 40pc of all VAT and SD
Some 40 percent of the total value-added tax and supplementary duty collected in a year by the National Board of Revenue comes from only 10 firms -- a startling detail for a $220 billion economy that is growing fast.
11 July 2017, 18:00 PM
Deep-sea port may not be viable
A deep-sea port may not be viable for Bangladesh as big ships are unlikely to come in here diverting from the main shipping route, an
9 July 2017, 18:00 PM
Policy drafted to discourage tobacco farming
The government has drafted a tobacco cultivation control policy that seeks to bar companies from encouraging farmers to grow the health hazardous crop.
8 July 2017, 18:00 PM
Dispute over SIM tax crops up again
The Large Taxpayers Unit of the National Board of Revenue has asked four mobile phone operators to furnish Tk 883
5 July 2017, 18:00 PM
Rod prices not going down
The prices of rods that sprang up amid speculation of 15 percent uniform VAT from July 1 have stayed at that level
3 July 2017, 18:00 PM
Proposed VAT, Tax Measures: Major changes likely
Unlike previous budgets, which were passed by parliaments with minor changes, this year's proposed budget could have major
24 June 2017, 18:00 PM
Bike assemblers face bumpy ride for duty hike
A spike in supplementary duty on completely knocked down units of motorcycles is set to hit the local assembly
24 June 2017, 18:00 PM
Dual policy for tobacco
Contrary to its policy of discouraging tobacco cultivation, the government has retained the VAT exemption facility for unprocessed
22 June 2017, 18:00 PM
New Vat Plan: Govt may back off for now
The government may backtrack on its plan to implement the new VAT law from July this year, in the face of pressure from a section of
20 June 2017, 18:00 PM
No thanks to 15pc VAT
Ezaharul Haque has been upset since he learned about the government's decision to impose a uniform 15 percent VAT this July. The thought of more money going out of his pockets to purchase necessary goods and services concerned him.
17 June 2017, 18:00 PM
Fresh VAT burden on weavers
Thirty years ago, Nilkamal Basak began weaving much-coveted Tangail sari to continue in hereditary profession.
16 June 2017, 18:00 PM
Proposed 15pc VAT: Plastic crockery to get pricier
Plastic crockery has seen a steady rise in sales over the last several years mainly due to its growing popularity among middle and low-
12 June 2017, 18:00 PM
Worries over VAT on packaged spices
People will have to pay more to buy packaged powders of spices due to the imposition of uniform 15 percent VAT on these essential cooking ingredients from July 1.
11 June 2017, 18:00 PM
Twin trouble for housing sector
The imposition of a uniform 15 percent VAT would lead to increased prices of building materials and result in a fall in demand, affecting the country's construction sector and related industries that employ around 30 lakh people.
9 June 2017, 18:00 PM
Private employees to face strict tax scrutiny
Private sector companies are going to face greater scrutiny in claiming their expenses for employees' salaries.
5 June 2017, 18:00 PM
Duty on solar panels to hurt green initiatives
The country's solar energy initiatives will face a setback as the government has proposed import duty on solar panels in the budget for fiscal 2017-18.
5 June 2017, 18:00 PM
Worries there though Muhith assures
Finance Minister AMA Muhith denied that any of the tax hikes would affect the lives of the middle and lower middle class.
3 June 2017, 18:00 PM
Powered by VAT
Bangladesh is finally going to implement a single and uniform VAT rate, ending the two-and-a-half-decade system of multiple VAT
1 June 2017, 18:00 PM
Income tax rates, tax-free limit to stay unchanged
The government's move to keep tax-free income threshold and the tax rates on individuals and firms unchanged in the next fiscal
1 June 2017, 18:00 PM
Excise duty on bank accounts to double next fiscal year
The government is considering doubling the excise duty on bank accounts with large debit or credit balance in fiscal
30 May 2017, 18:00 PM