The advanced income tax (AIT) should be abolished as the National Board of Revenue’s overall capacity to realise taxes has expanded, according to Planning Minister MA Mannan.

Foreign investors in Bangladesh yesterday expressed concern over some provisions of a proposed income tax law alongside measures, including one on increasing the minimum tax on carbonated beverage makers. 

The Bangladesh Bank yesterday approved the guideline on digital banks, paving the way for establishing branchless banking operations, a development that is expected to accelerate cashless transactions and digital transformation.

The tax on digital payments tools should be reduced and incentives should be given to encourage electronic payments in a bid to transform the country into a cashless society, said Syed Mohammad Kamal, country manager of Mastercard.

Japanese ambassador says at JBCCI, Jetro seminar

Interested investors should have a paid-up capital of Tk 125 crore

The alliance will play a pivotal role in initiating policy dialogues focused on reducing carbon dioxide emissions, developing climate-responsive power policies, establishing power purchase agreements and identifying climate-smart investment opportunities

Bangladesh Elevator Escalators and Lift Importers Association (BEELIA) says

The DSEX, benchmark index of the Dhaka Stock Exchange (DSE), lost 24 points, or 0.38 per cent, to 6,274.

The DSEX, the benchmark index of the bourse in Bangladesh, inched up 7 point, or 0.12 per cent, to 6,306 at 11:18 am.

Growers in Tangail have big smiles on their face as their off-season watermelons are fetching higher prices since demand has been good owing to the sweltering heat. 

The digital divide continues to exist in Bangladesh underscoring disparities in internet access between rural and urban areas, while gender digital divide also worsened.

For the first time, the National Board of Revenue (NBR) has sought to grant opportunity to individuals and companies to de-register or make their taxpayer identification number (TINs) dormant owing to no taxable income and dissolution.

The deposit growth in the banking sector of Bangladesh rose in the first quarter of 2023 from a quarter ago as businesses prefer to park funds with lenders instead of making investments amid the ongoing economic slowdown and uncertainty.  

Training support for women in supervisory roles leads to higher productivity in the garment factories, a new assessment of the International Finance Corporation (IFC) and the International Labour Organisation showed.

Southeast Bank Limited signed an agreement with mobile financial service (MFS) provider Nagad on remittance disbursement.

India has imposed a limit on the amount of wheat stocks traders can hold in an effort to bring down prices, food secretary Sanjeev Chopra told reporters on Monday.

The proposed Income Tax Act includes 43 service receivers to submit proof of tax filing and if the taxable income does not exceed the tax-free threshold, they have to pay a minimum tax of Tk 2,000.

For the first time, the Trading Corporation of Bangladesh (TCB) will sell rice at subsidised rates along with oil, sugar and lentils to one crore family cardholders from the next month, Commerce Minister Tipu Munshi said yesterday.

Bangladesh needs to manage the economy carefully and deepen structural reforms to deal with lingering external pressures, a top official of the World Bank said yesterday.