Tax

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    FEAB protests at proposed VAT hike on local apparels

    Staff Correspondent | Updated at 10:18pm on June 09, 2018

    The Fashion Entrepreneurs Association of Bangladesh has protested against a proposal to increase value added tax (VAT) on the apparel items of local brands in...

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    FICCI demands corporate tax cut for all sectors

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

    The Foreign Investors’ Chamber of Commerce and Industry on Friday demanded reduction of the corporate tax rate for all sectors as offered for banks and...

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    Tax break extended for local mobile phone makers

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

    Finance minister AMA Muhith on Thursday proposed imposing 2 per cent surcharge on imports of mobile handset and reducing import duty on raw materials for...

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    Budget waives VAT on local motorcycle industries

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

    The government has proposed value-added tax exemption and more duty benefits for the local motorcycle industries in the national budget for the fiscal year of...

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    28pc duty reimposed on rice import

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

    Twenty-eight per cent duty has been reimposed on rice import to protect local farmers as the country witnessed bumper production in rice in last two...

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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...

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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,...

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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...

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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...

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