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    E-commerce sites allowed online export using banking channel

    Staff Correspondent | Updated at 10:14pm on June 11, 2018

    Bangladesh Bank on Monday issued a circular facilitating export of goods from Bangladesh using the banking channel against customers’ online orders from abroad....

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    Businesses must disclose bank account info to get VAT rebate

    Jasim Uddin | Updated at 10:12pm on June 11, 2018

    Traders will have to disclose the relevant bank account information to the tax authority as proof of transactions for getting tax credit or VAT rebate....

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    VAT certificate must for money changers’ licence renewal: BB

    Staff Correspondent | Updated at 12:05am on June 11, 2018

    Bangladesh Bank on Sunday asked money exchange houses to submit VAT certificates along with the application and other documents for renewal of their licences...

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    CSE seeks capital market dev policies in budget

    Staff Correspondent | Updated at 12:05am on June 11, 2018

    The Chittagong Stock Exchange on Sunday urged the government to include policies and strategies to improve the capital market in the national budget....

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    Stocks drop sharply amid critisim over banks’ corporate tax cut

    Staff Correspondent | Updated at 12:05am on June 11, 2018

    Dhaka stocks dropped sharply on Sunday as investors went for selling shares, espeically banking stocks, amid experts’ criticisms about the government’s decision to cut corporate tax on banks and financial institutions in the proposed national budget for the fiscal year of 2018-19....

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    BB issues instruction over cash incentives for pharma ingredient export

    Staff Correspondent | Updated at 12:05am on June 11, 2018

    Bangladesh Bank on Sunday issued a set of instructions to the authorised banks over disbursement of 20 per cent cash incentive against the export of pharmaceutical products....

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    Reinstate tax on import of software that are manufactured locally

    Staff Correspondent | Updated at 12:05am on June 11, 2018

    Country’s four ICT associations including Bangladesh Association of Software and Information Services on Sunday urged the government to reinstate 25 per cent import duty and 15 per cent value-added tax on similar software that are developed in Bangladesh....

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    Foreign bank branches can remit head office expenses overseas: BB

    Staff Correspondent | Updated at 12:05am on June 11, 2018

    Branches of foreign banks operating in the country can now remit abroad the portion they need to share as head office expenses without prior approval of the Bangladesh Bank....

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    Govt proposes hike in penalty

    Staff Correspondent | Updated at 12:05am on June 11, 2018

    The government has proposed increasing the rate of penalty by 10 times for offences related mainly to deduction of tax at source and submission of withholding tax returns under the income tax law in the national budget for the fiscal year of 2018-2019....

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    Revenue receipt target in budget impractical, says BCI

    Staff Correspondent | Updated at 10:36pm on June 09, 2018

    The Bangladesh Chamber of Industries on Saturday termed ‘impractical’ the government’s revenue collection target, set at Tk 3,39,280 crore, in the proposed budget for the 2018-2019 fiscal....

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