Real-Estate & Infrastructure

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.

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.

The government may not extend the special indemnity for legalisation of undisclosed and untaxed money and assets in the upcoming national budget for the fiscal year 2021-2022 amid a spate of criticism and strong opposition from economists, businesses and other stakeholders.

Experts recommend focusing on health sector for economic recovery

The government has implemented only 49 per cent of the development projects in the first 10 months of the current fiscal year (FY), with the health ministry performing poorly again, officials said on Sunday.

The government may reduce the rate of monthly interest on delayed payments of value-added tax in the national budget for the forthcoming fiscal year to lessen the burden of penalty tax on businesses.

The National Board of Revenue has finalised draft rules on a faster release and disposal of perishable goods to ensure that quality and standards of the goods remain intact.

The Chittagong Port Authority has recommended doubling the number of private inland container depots for smooth handling of export and import goods.

Industries Minister Nurul Majid Mahmud Humayun today said that there is no alternative to setting up a modern industrial park to survive in the industrial and production competition with the big countries of the world at this time of the fourth industrial revolution.

Income inequality worsened in the country as the share of the bottom half of the population in household income dropped amid the Covid-19 outbreak, according to a household survey report.