Bangladesh’s budget 2022-23

June 9, 2022
June 9, 2022

5% advance tax on gold import goes

The government is set to withdraw a 5 per cent advance tax on the import of gold in the fiscal year of 2022-23 to encourage the import of the precious metal through formal channels and discourage smuggling.

June 9, 2022
June 9, 2022

Tk 16,000 crore subsidy for fertiliser proposed

The government is going to increase the subsidy by big margin for fertilisers in the next fiscal year (2022-23) due to the sharp rise in its price in the global markets.

June 9, 2022
June 9, 2022

Garment or non-garment -- same tax rates for all export industries

The government has proposed a uniform tax rate on the earnings of the services export and goods with a view to encouraging diversification of export goods and ensuring a level-playing field for all other sectors exporting goods and services.

June 9, 2022
June 9, 2022

6 challenges for Finance Minister

Finance Minister AHM Mustafa Kamal sees six major challenges for the fiscal year 2022-23:

June 9, 2022
June 9, 2022

Additional 1% cash incentive on garment exports to continue

The additional 1 per cent cash incentive on the export receipts of readymade garments would continue in the next fiscal year as the government looks to boost the shipment of clothing items.

June 9, 2022
June 9, 2022

5.6% inflation target set for FY2022-23

The government has set a 5.6 per cent inflation target in the proposed budget for the 2022-23 fiscal year although the prices of essentials and other commodities are persisting at higher levels.

June 9, 2022
June 9, 2022

Govt moves away from injecting funds into state banks

The government has no plans to inject capital into state-run banks as it has already taken several initiatives to put an end to this culture, Finance Minister AHM Mustafa Kamal said today.

June 9, 2022
June 9, 2022

Source tax may be doubled

The government proposed increasing the source tax on export proceeds to 1 per cent from the existing 0.5 per cent in the next fiscal year.

June 9, 2022
June 9, 2022

Chronology of Bangladesh’s national budget

Finance Minister AHM Mustafa Kamal is placing the national budget for fiscal year (2022-2023) at the Jatiya Sangsad.

June 9, 2022
June 9, 2022

Scope to whiten money through stocks to go

The finance minister has proposed abolishing the scope for whitening of black money through the stock market.