Bangladesh Budget 2018-19

June 18, 2018
June 18, 2018

Minister suggests lowering prices of liquor

Housing and Public Works Minister Engr Mosharraf Hossain suggests cutting down customs duty on liquor for the sake of flourishing tourism in the country.

June 13, 2018
June 13, 2018

No VAT on remittance: NBR

No VAT or tax has been imposed on remittance in the proposed budget for 2018-19 fiscal year, the National Board of Revenue (NBR) says.

June 12, 2018
June 12, 2018

Muhith under attack in JS for mollycoddling banks

Opposition MPs continue their scathing attacks on Finance Minister AMA Muhith in Parliament for his 'failure' to restore discipline in the banking sector.

June 9, 2018
June 9, 2018

Punish those involved in Bank scam: FBCCI

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) demands stern punishment for the people involved in in misappropriating money from the country's banks.

June 9, 2018
June 9, 2018

Cut corporate tax for all sectors

Leading chambers and trade bodies yesterday criticised the government's 2.5 percent corporate tax cut proposal for only banks and financial institutions in fiscal 2018-19, saying the move would not bring in the desired private or foreign investments.

June 9, 2018
June 9, 2018

Tax measures to hurt middle class

The proposed budgetary measures for fiscal 2018-19 will benefit the high and low income people, leaving the middle- and lower middle-class, which form the majority of Bangladesh's population, strained, said the Centre for Policy Dialogue yesterday.

June 8, 2018
June 8, 2018

‘No VAT on online shopping’

Online shopping will be excluded from the purview of 5 percent value added tax (VAT) that was proposed on virtual businesses in the budget for FY 2018-19.

June 8, 2018
June 8, 2018

Rich to be barred from buying savings tools

The government is going to connect the national savings certificate (NSC) buyers' database with that used in the creation of national identity (NID) cards to prevent the certificates from going into the hands of ineligible people.

June 8, 2018
June 8, 2018

No cheers in tax measures

Every year when the budget is placed in the parliament, Taufiq Hasan, a 35-year-old private sector employee, gets all worked up about which products and services he would have to pay more the following fiscal year.

June 8, 2018
June 8, 2018

Budget not realistic: analysts

The proposed budget for the next fiscal year is unrealistic, as it lacks significant structural and policy changes, analysts said in their immediate reaction yesterday.