News

The government may not raise the tax-free income ceiling for individual taxpayers in the upcoming national budget for the fiscal year 2021-2022.

Stocks opened sharply higher on Wednesday with the key index of the Dhaka Stock Exchange (DSE) crossing the 5900-mark in early trading as investors continued their buying spree on major sector stocks.

Bangladesh earned $21.75 billion from expatriates last year — an increase of 18.4% from 2019 — amid the Covid-19 pandemic

They currently pay 1% duty on imported capital equipment but have to pay 28% to 104% tax on the import of spare parts

The government has amended the auction calendar to borrow Tk 55 billion more from the scheduled banks to meet the budget deficit only for this month as a falling trend of surplus funds in its accounts, officials said.

Monthly average disbursement of farm loans remained behind the target in the July-March period of the fiscal year 2020-2021 despite a spike in March.

The National Board of Revenue has completed procedures, including making changes in the VAT registration form and modification of the VAT online software, to give non-resident foreign companies such as Google, Facebook and Youtube direct access to the system.

Myanmar’s deepening political crisis and India’s grave coronavirus situation are prompting international retailers and brands to divert work orders to Bangladesh because of its stability and milder-than-expected impacts of the second wave of the infections.

Illegal productions and marketing of cigarettes in  remote areas of the country are to be blamed for losing a huge amount of revenues. Those cigarettes, sold in a cheaper price than fixed minimum rates, attracting the low incoming consumers.

They mentioned that Bangladesh should focus on the Chinese, Indian, and ASEAN markets