Country's Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on June 27 demanded an investigation into the "failure in widening the tax net by the NBR, although several hundred crore of taka was spent as consultancy fee for introducing the multiple VAT rate". National Board of Revenue (NBR) took a
DCCI President Shams Mahmud in his initial budget reaction said that the budget has focused GDP growth of 8.2 percent and inflation of 5.4 percent. He termed the budget a progressive and high growth targeted one, which is appreciable. DCCI also appreciates initiative of increasing investment and employment. The bufget is
The govt. to lose Tk. 11,000 crore as revenues Public Health under unprecedented threats Tk. 11,000 crore in additional revenues could have been raised from tobacco sector if the proposed tax and price measures from the Ministry of Health and Family Welfare (MoHFW) were adopted. Adoption of such proposals could have
Newspaper Owners’ Association of Bangladesh (NOAB) urged the government to cut taxes on unstable newspaper industry to help it survive especially amid ongoing pandemic. The association, in its proposal to finance ministry in formulating national budget for FY2020-21, made the demand recently, reports Dhaka Tribune. “The newspaper industry has been fighting to
Social media giants like Facebook, Google and YouTube are not interested in appointing VAT agents in Bangladesh though the National Board of Revenue (NBR) has asked them to appoint VAT agents and pay 15 per cent VAT on advertisement revenue to the government. “Two months have elapsed since the directive was
The government has amended the guidelines for disbursement and utilisation of budgetary allocations for the development projects aiming to speed up implementation of Annual Development Programme (ADB). Project directors of development projects will now be able to use funds for their respective development projects in line with the budgetary allocations from
Bangladesh Insurance Association (BIA) has demanded withdrawal of 15 per cent VAT on the insurance agent commission in the budget for fiscal year 2018-19 (FY19) for the expansion of insurance industry. “There is 15 per cent VAT at source on agent commission that has been affecting the insurance industry . .
Pre-election budget is about understanding the political economy and delivering a sharp messageFinance Minister AbulMaal Abdul Muhith apparently dipped into his party’s electoral playbook to design the Tk 4,64,573 crore national budget for FY2018-19. The 84-year-old minister who stood at the front row in Parliament on June 7 for a