National budget FY 22-23

Broadband likely to be more expensive

A 10 percent supplementary duty on the import of optical fiber cable has been proposed in the new budget for FY 22-23. Md Imdadul Hoque, President of Internet Service Providers Association of Bangladesh (ISPAB), says that the increased taxation on optical fiber import will increase the price of broadband internet in the country.

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

Broadband likely to be more expensive

A 10 percent supplementary duty on the import of optical fiber cable has been proposed in the new budget for FY 22-23. Md Imdadul Hoque, President of Internet Service Providers Association of Bangladesh (ISPAB), says that the increased taxation on optical fiber import will increase the price of broadband internet in the country.

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

Tech giants must submit income tax returns

Tech giants such as Google or Meta (Facebook) will have to submit income tax returns from next fiscal year.

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

Social safety net allocation to rise 5.5%

Finance Minister AHM Mustafa Kamal today proposed increasing the allocation by 5.5 per cent year-on-year for social safety net programmes carried out by the government.

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: