VAT on amusement parks may increase

Tour operator services, which include hotels and resorts as well as tour guides, may also no longer enjoy a 15 percent VAT exemption.
6 June 2024, 09:21 AM

Govt withdraws VAT on laptops at import stage

The government has brought some changes in the duty structure for importing laptops in order to make the devices more affordable and bring relief to freelancers and students..The government plans to increase import duty of laptops from 5 percent to 10 percent and at the same time wants to
6 June 2024, 09:18 AM

Shelled cashew nuts may get pricier

Finance Minister Abul Hassan Mahmood Ali today proposed imposing a 5 percent import duty and a 10 percent regulatory duty on shelled cashew nuts.
6 June 2024, 09:16 AM

First Tk 3.5 lakh in income still tax free

Threshold increased for women, senior citizens, physically challenged persons, third gender, freedom fighters
6 June 2024, 09:09 AM

Pay 15% tax to whiten black money

None will raise question if a taxpayer pays a 15 percent tax for immovable properties
6 June 2024, 09:09 AM

Minimum tax unchanged

Tk 5,000 for those under Dhaka, Chattogram city corporations
6 June 2024, 09:08 AM

Ice cream, soft drinks to get costlier

The government plans to raise supplementary duty by 5 percentage points
6 June 2024, 09:07 AM

VAT on SIMs may go up by Tk 100

SD on SIM will be raised to 20% and VAT on eSIM will be increased to Tk 300 each
6 June 2024, 09:06 AM

AC, refrigerator set to be costlier

Flat 7.5% VAT imposed on these appliances
6 June 2024, 09:05 AM

Cigarettes to get costlier

The supplementary duty will be raised by 1 percentage point
6 June 2024, 09:05 AM
6 June 2024, 09:01 AM

Exports slide 16% in May

However, overall shipments grew 2.01 percent to $51.54 billion in July-May, according to data from the Export Promotion Bureau (EPB).
6 June 2024, 00:42 AM

Banking reforms remain a pipe dream

As new finance minister Abul Hassan Mahmood Ali gears up to place his first budget for FY25, the lack of good governance in the banking sector remains a widely discussed issue.
6 June 2024, 00:42 AM

Spending on education falls short of expectations

For example, when the Dakar Declaration came in 2000, the country said it would spend 6 percent of GDP on education. The United Nations Educational, Scientific and Cultural Organisation recommends earmarking four to six percent of the GDP for the sector.
6 June 2024, 00:42 AM

State banks' default loans rise 42% in a year

In line with the prescriptions of the International Monetary Fund (IMF) for a $4.7 billion loan programme, the target is to reduce bad loans of state-run banks to 10 percent of their outstanding loans by 2026.
6 June 2024, 00:42 AM

How far have fiscal measures promoted industrialisation?

Experts and businesspeople also highlighted the challenges linked with the current tax and incentive system.
6 June 2024, 00:42 AM

Chicken, egg prices rise on supply shortage, higher production costs

The prices of broiler chicken and eggs, staple food sources for protein for many middle and low-income groups, have increased in the country's markets over the past week due to shortages in supply and an increase in production costs.
5 June 2024, 18:05 PM

Gas supplies unlikely to normalise this month

Overall, Petrobangla can currently supply around 2,600 mmcfd against a demand of 3,800 mmcfd.
5 June 2024, 16:11 PM

Bangladesh’s poverty rate in 2016 may have been higher than official data

Bangladesh’s poverty rate in 2016 may have been 1.7 to 2.3 percentage points higher than the rate estimated by the Bangladesh Bureau of Statistics while the extreme poverty rate may have been 3.5 to 3.7 percentage points lower, according to a survey by the World Bank..The findings of the s
5 June 2024, 15:42 PM

Low gas pressure cuts textile production by 65%

Factories in industrial belts need 15 PSI (pounds per square inch) of gas pressure, but are getting a maximum of 3 PSI
5 June 2024, 12:29 PM