Bangladesh National Budget 2019-20

June 30, 2019
June 30, 2019

Tk 5,23,190cr budget passed in JS

Parliament passes the Tk 5,23,190 crore national budget for 2019-20 fiscal themed as “Bangladesh on a Pathway to Prosperity: Time is Ours, Time for Bangladesh.”

June 23, 2019
June 23, 2019

NBR to lose Tk 400cr for pampering tobacco companies

The National Board of Revenue’s move to change the VAT and Supplementary Duty Act 2012 to offer input tax credit to cigarette

June 20, 2019
June 20, 2019

New VAT system to bring in Tk 11,000cr more

The National Board of Revenue expects to collect about Tk 11,000 crore more for imposition of VAT on various goods and services and increasing rates on many others, said its officials.

June 19, 2019
June 19, 2019

Textile millers seek exemption of 5% VAT on sale of local yarn

Textile millers demand an exemption of 5 per cent value added tax (VAT) on sale of local yarn to make the domestic yarn market more competitive.

June 17, 2019
June 17, 2019

Budget Discussion: Opposition slams govt over paddy price

Opposition lawmakers yesterday came down heavily on the government for its failure to ensure fair price of paddy and check money laundering, soaring loan defaults and black money.

June 15, 2019
June 15, 2019

New VAT law to hurt consumers: Analysts

The government’s move to implement the new VAT law without rebate facility for reduced rates will hurt consumers because of price spike of many goods and services, analysts say.

June 15, 2019
June 15, 2019

Budget anti-people: Gonoforum

Gonoforum rejects the proposed national budget for 2019-20 fiscal terming it as frustrating and anti-people.

June 15, 2019
June 15, 2019

Manage deficit financing from other sources rather than banking channel: FBCCI

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urges the government to manage fund from other sources rather than banking channel to finance the deficit financing in 2019-20 fiscal.

June 15, 2019
June 15, 2019

Pay more for digital delight

At a time when the government should be encouraging virtual businesses, Finance Minister AHM Mustafa Kamal has proposed 7.5 percent value-added tax on them in his budget for fiscal 2019-20, making their services dearer.

June 15, 2019
June 15, 2019

Make new VAT law business-friendly

Leading business associations yesterday urged the government to ensure easy, hassle-free and business-friendly implementation of the new VAT law.