Budget FY23

Pay tax timely or lose utility connections

From the next fiscal year, the tax authority is going to introduce a provision of disconnecting utility services of taxpayers for their failure to pay undisputed revenue demand of the government.

June 10, 2022
June 10, 2022

Budget 2022-23: Inflationary concerns not addressed adequately

If one looks at the inflationary measures that are proposed in the FY2022-23 budget, there are ample reasons to be frustrated.

June 9, 2022
June 9, 2022

Pay tax timely or lose utility connections

From the next fiscal year, the tax authority is going to introduce a provision of disconnecting utility services of taxpayers for their failure to pay undisputed revenue demand of the government.

June 9, 2022
June 9, 2022

Wheelchair, hearing aid to be cheaper

The prices of specialised wheelchair for the physically challenged may fall in the next fiscal year as the finance minister today proposed abolishing all kinds of taxes at the import stage of the item.

June 9, 2022
June 9, 2022

ICT Division get increased allocation of Tk 274 crore

According to the budget for the fiscal year 2022-23, it has been proposed that Tk 1,917 crore will be allocated for the ICT Division.

June 9, 2022
June 9, 2022

How will the prices of consumer electronics fare up?

While most consumer electronic products will see an increase in their prices, a few consumer electronics are expected to have reduced prices after the proposed budget for the fiscal year 2022-2023.

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

Education budget only 1.83% of GDP

The allocation for the education sectors in the proposed budget for the upcoming fiscal year of 2022-23 has reduced in terms of the Gross Domestic Product (GDP).

June 9, 2022
June 9, 2022

Laptop prices set to increase

Laptop prices are set to increase, after Finance Minister AHM Mustafa Kamal proposed to impose a 15 percent value added tax (VAT) on imported laptops in the proposed budget for the next fiscal year 2022-23.

June 9, 2022
June 9, 2022

Cars, motorcycles to cost more

In the proposed budget for the fiscal year 2022-23, the supplementary duty has been increased for motor vehicles. This may increase the prices of cars and motorcycles.

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: