Govt can save up to Tk 5,500cr with austerity measures: Finance Ministry

The government can expect to save up to Tk 5,500 crore for the austerity measures taken so far to preserve the foreign exchange reserves and tame inflation, according to the finance ministry.

IBFB criticises move to give amnesty to black money

The regular taxpayers will feel discouraged if there remains an option to whiten money by paying only 7 per cent tax, said Humayun Rashid, president of IBFB.

Laundered money: Kamal takes flak in JS for amnesty

Lawmakers of both the ruling and the opposition parties heavily criticised Finance Minister AHM Mustafa Kamal yesterday for his budget proposal of legalising laundered money for a 7 percent tax.

6 challenges for Finance Minister

Finance Minister AHM Mustafa Kamal sees six major challenges for the fiscal year 2022-23:

‘Tackling inflation key challenge for new budget’

Enhancing private sector investment, employment generation, revenue shortfall and financing are some of the challenges of the proposed budget, said Rizwan Rahman, president of the Dhaka Chamber of Commerce and Industry (DCCI).

Pay tax timely or lose utility connections

From the next fiscal year, the tax authority is going to introduce a provision of disconnecting utility services of taxpayers for their failure to pay undisputed revenue demand of the government.

June 15, 2022
June 15, 2022

Govt can save up to Tk 5,500cr with austerity measures: Finance Ministry

The government can expect to save up to Tk 5,500 crore for the austerity measures taken so far to preserve the foreign exchange reserves and tame inflation, according to the finance ministry.

June 13, 2022
June 13, 2022

IBFB criticises move to give amnesty to black money

The regular taxpayers will feel discouraged if there remains an option to whiten money by paying only 7 per cent tax, said Humayun Rashid, president of IBFB.

June 13, 2022
June 13, 2022

Laundered money: Kamal takes flak in JS for amnesty

Lawmakers of both the ruling and the opposition parties heavily criticised Finance Minister AHM Mustafa Kamal yesterday for his budget proposal of legalising laundered money for a 7 percent tax.

June 12, 2022
June 12, 2022

‘Ensure simple tax measures to attract FDI’

Simplification of tax administration and proper infrastructure development are needed to attract more foreign direct investment (FDI) in Bangladesh, analysts said in a roundtable today.

June 11, 2022
June 11, 2022

Achieving budget will be challenging, not impossible: ICMAB

Achieving the huge proposed budget for fiscal year 2022-23 in the post-pandemic period is a huge challenge for the government but it is not impossible, said Md Mamunur Rashid, president of the Institute of Cost and Management Accountants of Bangladesh (ICMAB).

June 11, 2022
June 11, 2022

‘Budget cautious, but should reconsider amnesty to black money’

The former Bangladesh Bank governor also stressed the need for cutting unnecessary spending and allocating more for social safety, education and health.

June 11, 2022
June 11, 2022

Proposed taxes, reforms praiseworthy: ICAB

The government has made a timely proposal to impose 12 per cent tax on general industries and 10 per cent on green industries, the Institute of Chartered Accountants of Bangladesh (ICAB) said today.

June 11, 2022
June 11, 2022

Proposed budget didn't reflect IT industry's demand: BASIS

The top IT trade body Bangladesh Association of Software and Information Services (BASIS) today said the proposed budget did not reflect the industry’s demands for the development of the sector.

June 10, 2022
June 10, 2022

Budget to benefit poor, businesses alike

The budget for the next fiscal year will benefit both the poor and the business community alike of Bangladesh, said Finance Minister AHM Mustafa Kamal today.

June 10, 2022
June 10, 2022

Priorities are set accurately, but inflation will be biggest headache

The leading chambers and trade body leaders have praised the government for fixing the priority areas of development, but they also said controlling inflation will be biggest headache for the Sheikh Hasina administration in the next fiscal year.