Worries there though Muhith assures
Finance Minister AMA Muhith denied that any of the tax hikes would affect the lives of the middle and lower middle class.
3 June 2017, 18:00 PM
Powered by VAT
Bangladesh is finally going to implement a single and uniform VAT rate, ending the two-and-a-half-decade system of multiple VAT
1 June 2017, 18:00 PM
Income tax rates, tax-free limit to stay unchanged
The government's move to keep tax-free income threshold and the tax rates on individuals and firms unchanged in the next fiscal
1 June 2017, 18:00 PM
Excise duty on bank accounts to double next fiscal year
The government is considering doubling the excise duty on bank accounts with large debit or credit balance in fiscal
30 May 2017, 18:00 PM
Job growth slowest in two decades
Bangladesh's job growth is the slowest in two decades although its economy has been registering faster growth for
29 May 2017, 18:00 PM
Wealth surcharge collection goes up 24pc
The number of rich people who paid wealth surcharge increased 6.71 percent year-on-year to 11,661 in 2016-17, but analysts say
28 May 2017, 18:00 PM
More products to be VAT-free in new law
The government is expected to keep larger number of goods and services out of the purview of value-added tax in the new law that is
24 May 2017, 18:00 PM
A beacon for entrepreneurs
When West Pakistan-based businesses dominated trade and investment in the 1950s and 60s of the country, very few Bangladeshis
19 May 2017, 18:00 PM
Proceeds from tobacco surcharge remain unused
The health development surcharge collected on all tobacco products has remained unused, although nearly three years have passed
18 May 2017, 18:00 PM
VAT-free turnover limit likely to be Tk 36 lakh
The government may increase the VAT-free turnover ceiling to Tk 36 lakh from Tk 30 lakh as it looks to appease small and medium firms anxious about the impact the new VAT law would have on their profitability.
17 May 2017, 18:00 PM
Economists slam switch to quarterly inflation data
The government's decision to switch to release quarterly inflation data from its current monthly practice has been met with criticisms from economists, who said the move would not be good for the economy.
17 May 2017, 18:00 PM
Food inflation almost doubles in 12 months
Food inflation almost doubled in the month of March, spurred by rising prices of various essentials including rice, which went on to
16 May 2017, 18:00 PM
Edible Oil: Exemption of VAT likely
The government is likely to waive VAT on edible oil to prevent the risk of price hike of the essential cooking ingredient by dishonest
16 May 2017, 18:00 PM
VAT rate may be cut to flat 12pc
The government is likely to set a flat 12 percent VAT rate by amending the new VAT law in the face of demands from various quarters, according to finance ministry officials.
10 May 2017, 18:00 PM
Meals get pricier in a week
Rising prices of some essentials, including rice, sugar and vegetables, are hitting consumers hard, especially those in low and fixed income groups.
8 May 2017, 18:00 PM
Local industries to get better protection
The government is likely to provide increased protection to domestic industries from imported commodities and
8 May 2017, 18:00 PM
New VAT law still raising qualms
Many are still expecting goods and services to become costlier for the imposition of uniform 15 percent VAT under the new law
4 May 2017, 18:00 PM
Fresh spike in rice prices
Prices of all varieties of rice crept up owing to crop losses for flash floods, rainfall, disease attacks on standing
29 April 2017, 18:00 PM
Rising demand to boost maize production
Maize plantation and production are expected to grow further in fiscal 2017-18 on expectation of a hike in demand
27 April 2017, 18:00 PM
Rice stocks dip at public warehouses
Rice stocks at public warehouses have fallen to 3.59 lakh tonnes, which is the lowest in six years, owing to less than
22 April 2017, 18:00 PM