Dhaka April 21, 2025, 8:46 pm
Several industries, including computer parts, mobile phones, cement, and steel, are being exempted from advance tax
The total subsidy amount for the next fiscal year may reach Tk49,000 crore, up from Tk38,600 crore in the current budget
The speakers, who included economists, high government officials and business leaders, suggested focusing on health sector and vaccination, skills development, creating employable graduates and building required infrastructur
The contractors would have to receive the payments through banking channel or mobile financial services from the fiscal year (FY) 2021-22
Of the total amount, $1,224.2 million was earned in just 12 days of May
Tax holiday benefits have helped develop specific local sectors such as poultry and fisheries
A massive vaccination of the population for protection against Covid-19 infection will be major focus of the Tk. 602,880 crore -budget themed as "Priority on lives and livelihoods, tomorrow's Bangladesh
The government is set to enhance, by over 50 percent, the net borrowing target from National Savings Schemes to Tk 320 billion in the new fiscal year, up from the current fiscal's Tk 200 billion
Bangladesh's overall imports dropped by more than 10 percent or US$509.03 million in April last mainly due to the second wave of the Covid-19 pandemic
The new fiscal measures might be incorporated in the FY2021-22 budget, aimed at ensuring financial transaction through formal channel
The government is considering imposition of the tax at a rate of 15 percent from FY 2021-22 if the income exceeds Tk 3.0 million following the abuse of the facility
Earlier, the NBR amended the VAT Act to provide direct VAT benefits to companies
The National Economic Council (NEC) last week approved a Tk 3,253.24 billion main Annual Development Programme (ADP) outlay for the 2021-22 fiscal
The problems relating to shipping of the clinkers and other raw materials are responsible for the price hike
Bangladesh’s per capita income is now $280 higher than India’s $1,947
The government takes budget support to meet budget deficit when domestic revenue collection remains low. The budget support is sometimes tagged with some economic or administrative reforms
Speakers at a webinar have stressed the need for digitizing the National Board of Revenue (NBR) as well as bringing necessary reforms in the VAT Act and in tax
As part of the move, all the aged population and widowed and abandoned women of 150 upazilas will get allowances in the next fiscal year while affected transport workers will get social protection and freedom fighters will ge
The eminent economist put emphasis on bringing digital solutions for the recovery of the people
The higher inflow of remittance has helped the country's central bank prop its foreign exchange reserves to a record high, supporting the current account balance that has posted a surplus of $1.56 billion in the first eight m
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