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    VAT imposed on online business

    Staff Correspondent | Updated at 12:05am on June 08, 2018

    The government in the national budget for the fiscal year of 2018-19 proposed imposition of 5 per cent value-added tax on virtual businesses...

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    VAT on small-sized flat, furniture goes up

    Staff Correspondent | Updated at 10:39pm on June 07, 2018

    The purchase cost of small-sized flats and all kinds of furniture will go up as finance minister AMA Muhith has proposed to increase VAT on them....

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    Corporate tax on banks, NBFIs, insurers reduced

    Staff Correspondent | Updated at 12:05am on June 08, 2018

    The country’s scam-hit financial sector got another benefit from the government as finance minister AMA Muhith on Thursday proposed cut in corporate tax for banks, non-bank financial institutions and insurance companies by 2.5 percentage points...

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    Duties on some raw materials for pharma, textiles withdrawn

    Staff Correspondent | Updated at 12:05am on June 08, 2018

    The government has provided incentives to the local pharmaceuticals and textile industries by exempting duty on a number of raw materials in the proposed national budget placed before parliament on Thursday....

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    Source tax on apparel exports reinstated at 1pc

    Staff Correspondent | Updated at 12:05am on June 08, 2018

    Apparel exporters will have to pay 1 per cent tax at source in the 2018-19 fiscal, instead of the current 0.7 per cent, according to officials of the National Board of Revenue....

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    Muhith eyes 7.8pc growth

    Staff Correspondent | Updated at 12:05am on June 08, 2018

    Finance minister AMA Muhith on Thursday projected a 7.8-per cent growth in gross domestic product in the proposed national budget for the financial year of 2018-19, but economists expressed scepticism about achieving the target in an election year...

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    Reduction of corporate tax for banks proposed

    Staff Correspondent | Updated at 03:17pm on June 07, 2018

    In the national budget for 2018-19 fiscal year, finance minister AMA Muhith on Thursday proposed to reduce the corporate tax rate for banks and financial institutions by...

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    Most assocs for corporate tax cut, increase in tax-free income limit

    Staff Correspondent | Updated at 12:05am on June 07, 2018

    Different chambers and business associations in the country have demanded that the government lower corporate income tax, raise tax-free income limit and withdraw advance income tax in the national budget for the financial year of 2018-19....

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    Govt tax collection from DSE dips in May

    Staff Correspondent | Updated at 12:05am on June 07, 2018

    The government’s tax collection from the Dhaka Stock Exchange in May dropped by 26.74 per cent compared with that in the previous month due to a fall in turnover on the bourse....

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    Dhaka stocks rise for 2nd day on budget hopes

    Staff Correspondent | Updated at 12:05am on June 07, 2018

    Dhaka stocks advanced for the second day on Wednesday as investors increased their share purchasing amid the news that finance minister AMA Muhith was brewing a business-friendly budget by cutting corporate tax....

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