2016-17 fiscal year

June 8, 2016
June 8, 2016

Budget discussion adjourned for want of speakers

Deputy Speaker Fazle Rabbi Miah is forced to adjourn the parliament sitting for want of speakers on the proposed budget for 2016-17 fiscal year.

June 4, 2016
June 4, 2016

Meeting the revenue target

The government's focus on mega projects, skills development and job creation are commendable.

June 3, 2016
June 3, 2016

Mobilising pvt investment biggest challenge: CPD

The challenge of attracting private investment remains the same as the government in the proposed budget for 2016-17 fiscal year did not give any clear outline to boost confidence of investors, Centre for Policy Dialogue (CPD) says in its budget reaction.

June 2, 2016
June 2, 2016

Govt plans to introduce pension for pvt sector

The government is considering to implement an integrated government-run pension framework for self-employed and employees of private organisations.

June 2, 2016
June 2, 2016

Proposal to reduce withholding tax rates for real estate sector

With a plan to relieve big cities including Dhaka of the pressure of excessive population, Finance Minister AMA Muhith proposes to reduce withholding tax rates for real estate sector in the 2016-17 fiscal year budget.

June 2, 2016
June 2, 2016

Govt to introduce Oct 30 as Tax Day

Finance Minister AMA Muhith proposes to set October 30 as the official ‘Tax Day’ changing it from September 30.

June 2, 2016
June 2, 2016

Cash incentive for 16 export products

A cash incentive scheme has been proposed for 16 export goods in the budget for next fiscal to boost the demand for those goods in external markets.

June 2, 2016
June 2, 2016

Bidi, cigarette prices to increase

The price of cigarette is set to go up as finance minister proposes tax measures to reduce the use of tobacco and maximise the revenue from this sector.

June 2, 2016
June 2, 2016

Govt backtracks on new VAT law

The government has backtracked on its move to implement the new VAT law from the start of the new fiscal year in the face of resistance from businesses, a section of revenue officials and inadequate preparation by the National Board of Revenue (NBR).

June 2, 2016
June 2, 2016

Muhith unveils national budget for FY 2016-17

Finance Minister AMA Muhith has been unveiling Tk 340,605 crore national budget for the fiscal year 2016-17 – what is around 29 percent bigger from the current fiscal year.