Real-Estate & Infrastructure

The 20-year tax-exemption support announced in the proposed budget will definitely take Bangladesh’s growing automobile industry to an impressive stage and promote local manufacturing, according to industry insiders.

Bangladesh Export Processing Zones Authority (BEPZA) signed lease agreement with two fully foreign-owned companies on Sunday. They will invest US$ 12 million to establish factories in Chattogram & Mongla EPZ. Including these two, BEPZA signed investment agreement with 12 companies with total proposed investment of US$ 125.21 million during the …

The Chattogram Port Authority (CPA) will get 283.23 acres of land soon for developing the Matarbari port in a bid to enhance the cargo handling capacity of the country.

Terming the proposed budget for the next fiscal year a promising one, Bangladesh Chamber of Industries (BCI) on Friday said the government will face challenges while implementing it.

The government has proposed exemption in capital gain tax applicable at the time of transferring property to trust and Special Purpose Vehicle, and vice versa.

They suggested automated tax collection, incentivizing widening of tax net instead of revenue to prevent harassment by collectors

The government is likely to offer a complete tax holiday for the setting up of new hospitals for 10 years to attract new investments in the sector as the ongoing Covid outbreak has exposed the weaknesses of health services in the country.

It will be budget for the people, says agriculture minister

This requires increasing decentralized government projects and focusing on the desired development of the private sector and SMEs

The National Board of Revenue is set to miss its revenue collection target in the outgoing fiscal year 2020-2021 despite a moderate growth in collection in the first 10 months of the year due mainly to the Covid outbreak-induced sluggish economic activities and an ambitious target set for the year.