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.
Muhith unveils Tk 4,64,573cr budget for FY19 setting 7.8pc growth target
Finance Minister Abul Maal Abdul Muhith rolls out a Tk 4,64,573 crore national budget for fiscal year 2018-19 setting the GDP growth target at 7.8 percent and outlining a set of plans-strategies to build a prosperous, happy and peaceful country.
Muhith’s post-budget press conference tomorrow
Finance Minister Abul Maal Abdul Muhith will address a post budget press briefing tomorrow, according to a finance ministry press release.
Tax policies should be consistent
The boom in the manufacturing sector, especially in the developing countries has been a boon to the GDP growth of many traditionally consumer-oriented economies.
Creating fiscal space to finance development
Bangladesh should be justifiably proud of its development achievements and this progress accelerated over the past decade.
Tenth, toughest
As we understand, budgets are drawn up to prioritise where to spend money and how to do it. It is also about how to collect that money. The end result would be growth, prosperity and a people better equipped to face the tomorrow.
Budget aims to please all
With the national elections only months away, Finance Minister AMA Muhith places the budget tomorrow for a record 10th consecutive time, aiming to please people from all segments of society.
Budget Expectations
Job creation has become imperative given the rising unemployment among graduates and a sizeable young demographic. But those who are supposed to create the much-needed jobs, the business community, finds a quick survey by The Daily Star to gauge the expectations of the business community from the budget for fiscal 2018-19.
3-wheelers to be taxed: NBR in pre-budget talks
CNG-driven auto-rickshaws and other engine or battery-driven three-wheelers will be brought under the tax scheme in the upcoming budget, National Board of Revenue (NBR) says.
Telcos seek duty benefit for 4G handsets
Mobile phone operators yesterday sought duty benefits for the import of 4G-enabled handsets, which would help in reducing cost of such devices
