Bangladesh Budget 2018-19
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.
Business-as-usual budget
Finance Minister AMA Muhith presented the FY2018-19 national budget to parliament yesterday. This is a historic event in the sense that it is his tenth consecutive budget that reflects the continuity in fiscal management.
New squeeze for middle class
Shifa Hosne and her husband have been saving up money to buy a small flat in the city, where property price is already way beyond the capacity of service holders with fixed income.
Digital marketing to come under tax net
The government plans following in Europe's footsteps to tap digital marketing's popularity, with Finance Minister AMA Muhith yesterday proposing introducing provisions on taxing earnings of networking tech giants such as Facebook, Google and Youtube.
Supplementary Budget: Muhith says sorry for inadequate discussions
For the first time in Bangladesh, a finance minister apologised for his inability to create an opportunity to hold elaborate discussions on supplementary budget in parliament.
Raising revenue an uphill battle: businesses
Chamber and trade body leaders yesterday said the government would struggle to generate higher revenue in the course of implementing the budget in the election year.
Bowing to banks
The government is continuing to treat banks with kid gloves instead of going tough on them for the rampant financial irregularities and continued poor judgement.
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.
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.