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    No VAT, income tax on NRBs’ remittance: NBR

    Staff Correspondent | Updated at 12:23am on June 14, 2018

    The National Board of Revenue on Wednesday assured that the government in the national budget for the fiscal year of 2018-2019 had not imposed any value-added tax or income tax on remittance the non-resident Bangladeshis send home....

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    Govt scraps AIT waiver for local LCs

    Jasim Uddin | Updated at 09:52pm on June 12, 2018

    The government has extended the coverage of advance income tax on local letter of credit or any financing agreement for purchasing goods, imposing the AIT on small-scale businesses....

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    BSEC to revive bourses’ CFDs to detect cos’ financial data flaws

    Mostafizur Rahman | Updated at 12:31am on June 14, 2018

    The Bangladesh Securities and Exchange Commission has decided to rejuvenate inactive corporate finance departments (CFDs) of the stock exchanges to detect extensively deviations and flaws in the financial statements the listed companies submit to the BSEC and the bourses....

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    Stop subsidising ailing banks as owners take it for granted

    Staff Correspondent | Updated at 09:14pm on June 12, 2018

    The Centre on Budget and Policy, a local think tank, on Tuesday demanded that the government stop subsidising the country’s messy banking sector through the finance bill as bankers now take the bailout for granted....

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    Remediation progress in 502 RMG units still below 30pc

    Staff Correspondent | Updated at 09:58pm on June 12, 2018

    The government has started issuing show-cause letter to the readymade garment factories which have made less than 30 per cent progress on remediation, seeking explanation why their production activities would not be suspended due to non-compliance....

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    Dhaka stocks go into Eid holidays with gains

    Staff Correspondent | Updated at 10:09pm on June 12, 2018

    Dhaka stocks advanced for the second consecutive day on Tuesday, the last trading session before Eid-ul-Fitr holidays, as investors kept bargain hunting but concerns about the country’s financial sectors was yet to wane....

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    Milk producers oppose duty cut on imported powdered milk

    Staff Correspondent | Updated at 10:03pm on June 12, 2018

    Bangladesh Dairy Farmers’ Association on Tuesday said reducing duty to 10 per cent from 25 per cent on filled milk powder in the proposed budget for fiscal year 2018-19 would hamper local milk production and destroy the country’s emerging milk industry....

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    LTU launches apps for taxpayers

    Staff Correspondent | Updated at 10:27pm on June 11, 2018

    Large Taxpayers Unit (VAT) of the National Board of Revenue on Monday launched a mobile application to facilitate large taxpayers getting tax related information and services easily and quickly....

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    BSEC okays Tk 30cr IPO of Silva Pharma

    Staff Correspondent | Updated at 10:26pm on June 11, 2018

    Bangladesh Securities and Exchange Commission on Monday approved a Tk 30-crore initial public offering of Silva Pharmaceuticals under the fixed price method....

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    BPGMEA seeks tax reduction for plastic industry

    Staff Correspondent | Updated at 10:25pm on June 11, 2018

    The Bangladesh Plastic Goods Manufacturers and Exporters Association on Monday urged the government to reconsider some of the changes in tax measures for the plastic industry in the budget for 2018-2019 fiscal....

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