Bangladesh Budget 2020-21

June 30, 2020
June 30, 2020

MCCI, DCCI, BUILD demand review in 7 areas of proposed budget for FY 2020-21

Leaders of three leading business chambers demand deletion of certain proposed new provisions in the VAT Act 2012 and Income Tax Ordinance 1984 in order to maintain a business-friendly tax regime in light of the Covid-19 induced economic situation.

June 24, 2020
June 24, 2020

Tk 8,485 crore budget approved for 46 public universities

University Grants Commission (UGC) approves a budget of Tk 8,485.12 crore for 46 public universities of the country for 2020-21 fiscal year.

June 15, 2020
June 15, 2020

JS passes Tk 46,516.11 crore supplementary budget for FY 2019-20

The Jatiya Sangsad today passed the supplementary budget of Tk 46,516.11 crore for the 2019-20 fiscal year to meet additional expenditures under different ministries and departments in the outgoing fiscal year.

June 11, 2020
June 11, 2020

Whitening black money now more lucrative than ever

With the opportunity offered to money launderers by the government to whiten black money failing to draw a significant response, the new budget has made a new, lucrative proposition -- invest the money and no one, not even the income tax authority, will be able to question its source.

June 11, 2020
June 11, 2020

Government mulls 50 percent penalty to prevent laundered money

Finance Minister AHM Mustafa Kamal has proposed imposing a 50 percent penalty on misdeclaration of exports, imports and investments in overseas countries as the government aims to increase tax revenue and prevent money laundering, according to the budget proposal for fiscal year 2020-21.

June 11, 2020
June 11, 2020

RMG export: 1pc additional cash incentive to continue, source tax hiked to 0.5pc

Finance Minister AHM Mustafa Kamal has proposed continuation of 1 percent additional cash incentive for the country’s garment export in 2020-21 fiscal year too, considering the economic fallout from Covid-19 pandemic.

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 coronavirus pandemic.

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 science and technology.

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.