Bangladesh Budget 2020-21

June 11, 2020
June 11, 2020

E-Judiciary project proposed for reducing time and costs

Finance Minister AHM Mustafa Kamal today proposed the implementation of an E-Judiciary project to reduce time and costs for litigants in the country.

June 11, 2020
June 11, 2020

Tk 568,000 crore budget unveiled; 8.2pc GDP growth target set

Finance Minister AHM Mustafa Kamal today placed Tk 568,000 crore national budget for 2020-21 fiscal with an ambitious target of 8.2 percent GDP growth amid the economic fallout due to the...

June 11, 2020
June 11, 2020

Tk 100 crore health research fund proposed

Finance Minister AHM Mustafa Kamal today proposed to form an Integrated Health-Science Research and Development Fund’ of Tk 100 crore to finance the development of research in health-education and...

June 11, 2020
June 11, 2020

Tobacco products to become costlier in FY 2020-21

Cigarettes will be costlier as the finance minister AHM Mustafa Kamal proposed to increase supplementary duty on tobacco consumption.

June 11, 2020
June 11, 2020

Chartered flights to become costlier; supplementary duty hiked to 30pc

Finance Minister AHM Mustafa Kamal has increased supplementary duty from 25 percent to 30 percent in the proposed budget for 2020-21 fiscal which would result in costlier operation of special...

June 11, 2020
June 11, 2020

Disaster management and relief budget to be decreased in upcoming fiscal year

Despite much of the south-western parts of the country still reeling from the shock and damage of Cyclone Amphan, Finance Minister AHM Mustafa Kamal today proposed a reduction in allocation in...

June 11, 2020
June 11, 2020

Tk 29,247 crore proposed for health services, health education, family welfare

Finance Minister AHM Mustafa Kamal today proposed to allocate Tk 29,247 crore for the Health Services Division and Health Education and Family Welfare Division in the 2020-21 fiscal year.

June 11, 2020
June 11, 2020

No individual tax for income below Tk 3 lakh

The tax-free income limit for individual taxpayer has been increased in the proposed budget for FY 2020-21.

June 11, 2020
June 11, 2020

Gold prices may fall as finance minister proposes withdrawal of import VAT

The price of gold is likely to decline as Finance Minister AHM Mustafa Kamal today proposed withdrawal of VAT on import of gold.

June 11, 2020
June 11, 2020

Source tax rate from exports doubles to 0.5 percent

Exporters will face 0.5 percent tax at source of their export earnings from the next fiscal year as the existing 0.25 percent tax benefit is set to end this fiscal year, according to tax proposals...