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 10, 2022
June 10, 2022

Symptoms diagnosed, but no medication prescribed: CPD

The budget for the upcoming fiscal year has appeared to be insufficient in terms of needed measures, incomplete in terms of outlining strategies and inadequate in terms of addressing the present macroeconomic challenges, said the Centre for Policy Dialogue today.

June 9, 2022
June 9, 2022

‘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).

June 9, 2022
June 9, 2022

Day care, other facilities recommended for women’s development

Finance Minister AHM Mustafa Kamal has made a number of recommendations for the development of women in the proposed budget for 2022-23 fiscal. The budget has made recommendations for the future of women's development.

June 9, 2022
June 9, 2022

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 9, 2022
June 9, 2022

VAT exemption, tax holiday offered to promote ‘Made in Bangladesh’ brand

The move aims at making ‘Made in Bangladesh’ a global brand.

June 9, 2022
June 9, 2022

Show proof of tax return to avoid interest penalty on deposits

In the proposed tax measures, the tax authority wants to impose 50 per cent tax on the interest earnings if the account holder fails to submit proof of submission of tax returns.

June 9, 2022
June 9, 2022

Spending on meditation services to rise

People may have to spend more for taking meditation services from the next month as the finance minister today recommended withdrawing the VAT exemption benefit the services have been enjoying since 2016-17.

June 9, 2022
June 9, 2022

Wheelchair, hearing aid to be cheaper

The prices of specialised wheelchair for the physically challenged may fall in the next fiscal year as the finance minister today proposed abolishing all kinds of taxes at the import stage of the item.

June 9, 2022
June 9, 2022

Cup of coffee will cost you more

Coffee prices may rise as the finance minister today proposed imposing 20 per cent supplementary duty on processed and ready-to-consume coffee.

June 9, 2022
June 9, 2022

ICT Division get increased allocation of Tk 274 crore

According to the budget for the fiscal year 2022-23, it has been proposed that Tk 1,917 crore will be allocated for the ICT Division.