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    Tofail hints at change to proposed uniform 15pc VAT

    Staff Correspondent | Updated at 12:05am on June 22, 2017

    Commerce minister Tofail Ahmed on Wednesday hinted at change to the proposed uniform 15 per cent value added tax on all goods and services. ‘Businesses would be happy with the decision over the uniform VAT rate after the proposed budget for 2017-18 fiscal was passed in the parliament,’ Tofail said while taking part in general discussion on the proposed budget in the house...

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    FBCCI seeks multiple VAT rates

    Staff Correspondent | Updated at 12:38am on June 21, 2017

    The Federation of Bangladesh Chambers of Commerce and Industry has demanded that the government should introduce multiple rates of VAT and increase the tax-free income threshold for individual taxpayers by amending the proposed budget for the fiscal year 2017-2018...

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    Decision on VAT after discussion in JS: Muhith

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:35am on June 21, 2017

    Finance minister AMA Muhith Tuesday said the decision regarding changes in the new value added tax (VAT) law implementation will be announced on June 28 after discussions in the Jatiya Sangsad (JS)...

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    BB serves notice on NRBC Bank chairman

    Staff Correspondent | Updated at 12:32am on June 21, 2017

    Bangladesh Bank has issued a show-cause notice to NRB Commercial Bank chairman Farasath Ali asking him to explain why he placed ‘false information’ before the central bank regarding the private commercial bank’s proposal to appoint independent directors...

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    Revenue from telecos falling: Tarana

    Staff Correspondent | Updated at 12:30am on June 21, 2017

    State minister for posts and telecommunications Tarana Halim on Tuesday informed parliament that revenue collection from the telecom sector had gradually been decreasing for last five years...

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    Banks asked to keep open some branches in June 23-24

    Staff Correspondent | Updated at 12:29am on June 21, 2017

    Bangladesh Bank on Tuesday asked schedule banks to keep open some of their branches connected with apparel industries on June 23 (Friday) and 24 (Saturday) to facilitate payment of wages and festival allowances to garment workers ahead of Eid-ul-Fitre...

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    Proposed budget long on hopes but short on measures

    Staff Correspondent | Updated at 12:27am on June 21, 2017

    The World Bank on Tuesday said that the proposed budget for the upcoming fiscal year was full of ambitious targets, but devoid of specific actions required to achieve the targets...

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    2 lakh loan defaulters

    Staff Correspondent | Updated at 12:09am on June 21, 2017

    Finance minister Abul Maal Abdul Muhith on Tuesday told parliament that the number of loan defaulters in the country was now 2,02,623....

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    Dhaka stocks gain for 2nd day on budget review hopes

    Staff Correspondent | Updated at 11:28pm on June 20, 2017

    Dhaka stocks advanced for the second day on Tuesday amid a rise in share prices of two-thirds of the scrips traded on the day as investors bought shares amid an expectation that the government might review the proposed budget to address some public concerns...

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    Revenue collection from the telecom sector drops

    Staff Correspondent | Updated at 06:03pm on June 20, 2017

    State minister for posts and telecommunications Tarana Halim on Tuesday informed parliament that revenue collection from the telecom sector is...

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