Real-Estate & Infrastructure

The much-awaited fast-track Dohazari-Cox’s Bazar-Ghundum railway project is set to be delayed by two more years as Bangladesh Railway (BR) has sought time extension up to June 2024, officials said on Saturday. Currently, the project execution deadline is in June 2022. The government in the meantime has extended the ongoing …

Chairman of National Revenue Board (NBR) Abu Hena Md. Rahmatul Muneem on Tuesday said lack of self-motivation to pay tax exists in the country and even government entities are seeking tax exemption. He urged the government entities to start a culture of paying tax from self-responsibility to the state instead …

Bangladesh Telecommunication Regulatory Commission (BTRC) is going to bring drastic changes in the International Long Distance Telecommunications Services (ILDTS) policy in a bid to introduce a unified licensing system for enhancing the quality of services at low costs, reducing the operating expenses and boosting the efficiency of operators. The telecom …

Bangladesh Bank has directed the banks to deduct tax at a fixed rate from the income of a non-resident person or organization for outward remittance in exchange of service. The central bank’s instruction was accompanied with a letter containing instructions of the National Board of Revenue (NBR) to cut tax …

Deep cuts in yield rates send net sales of national savings certificates (NSCs) into negative territory in December, raising prospect for banks to wallow in deposit. The net negative sales of NSCs — designed as government borrowing tools — amounted to around Tk 4.36 billion in December 2021 against Tk …

The Metropolitan Chamber of Commerce and Industry (MCCI) yesterday demanded the government reduce corporate tax in the national budget this year as well in order to bring the rate to a rational level. The government reduced corporate tax by 2.5 percentage points in each of the last two budgets, bringing …

The foreign investors’ chamber yesterday urged the revenue authority to formalise the adoption of mobile financial service (MFS) and agent banking as a mode of collection or payment in all tax laws. They called for consultation with the Bangladesh Bank to reduce transaction costs to encourage businesses to adopt MFS …

The government launched the Digital Business Identification (DBID) system for the e-commerce businesses in the country as all kinds of online business entities like websites, Facebook pages and apps from now on would have to take registration in such system. Commerce Minister Tipu Munshi formally inaugurated the DBID system at …

Dhaka Chamber of Commerce and Industry president Rizwan Rahman on Sunday stressed formulating national way forward strategies for local and export market competitiveness, rational elimination of non-tariff barriers for ensuring a smooth LDC graduation status. He made the comments at a press conference on the current economic situation and the …

The Dhaka Chamber of Commerce & Industry (DCCI) yesterday urged the government to cut the corporate tax rate by 2.5 percentage points in the next fiscal year to align it with the regional average rate. “If the government cuts the corporate tax rate, it will boost local and foreign investment,” …