Bangladesh Budget 2018-19
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.
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.
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.
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.
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.
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.
‘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.
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.
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.
Corporate tax hiked for RMG units
Corporate tax for the readymade garments units will be hiked to 15 per cent, what Finance Minister AMA Muhith proposes in his budget for fiscal 2018-19.
Tk 300cr to fight earthquake
Finance Minister AMA Muhith proposes to keep a block allocation of Tk 300 crores for managing risks arising out of earthquake.
Electronic Fiscal Devices to be mandatory to avoid VAT evasion
Resorts, hotels and businesses will have to use electronic fiscal devices (EFD) from the next fiscal year -- a move the revenue authorities have taken to combat value-added tax evasion.
Muhith sets record placing 10 consecutive budgets
Finance Minister AMA Muhith becomes the first finance minister in Bangladesh history to present 10 consecutive national budgets.
Duty on imported rice re-imposed to protect farmers
Finance Minister AMA Muhith today proposes to re-impose 25 per cent customs duty and 3 per cent regulatory duty on rice imports to protect the farmers as the country got a bumper paddy production in the boro season.
20% of total budget for children by 2020: Muhith
Finance Minister AMA Muhith sets a goal to allocate 20 percent of total budget for children by 2020 as part of mainstreaming children development in the national planning and budgeting.
Cosmetics, toiletries to get costlier
Fresh duty schemes have been drawn up on cosmetics and toiletries items, which is expected to push the prices of such items higher.
Govt sets 7.8% GDP growth target, inflation drops to 5.6pc
The government has set a target of 7.8 per cent GDP growth for the next fiscal year.
VAT on e-commerce, online shopping to get pricier
This is a repeated attempt of Finance Minister AMA Muhith to impose VAT on e-commerce business on the platform’s rising popularity for its convenience.
Govt opts to go green, slaps duty on polythene
Finance Minister AMA Muhith has opted to go green and discourage people from using polythene products and poly-packaging.
