How can they contribute to the budget without taking part in the discussions?

Listed and non-listed companies using banks and digital means to receive all receipts and income and carry out all expenditures and investments of over Tk 12 lakh are likely to enjoy a 2.5 percentage point tax cut from next fiscal year.

The tax authority apparently seeks to cut turnover tax for startups to 0.1 per cent from the next fiscal year from the existing 0.6 per cent to facilitate the growth of budding entrepreneurs.

Advance income tax on the import of gold is expected to be withdrawn from the next fiscal year as the government wants to encourage formal trade of the precious metal and curb smuggling.

Major indices of Bangladesh’s stock market yesterday bounced back from a two-day fall as investors were buoyed by hopes of market-friendly measures in the upcoming national budget for fiscal 2022-23.

China is going to increase duty benefits for Bangladesh, allowing one percentage point more Bangladeshi products free access to its markets, saying it was to reduce the trade imbalance between the two countries. 

Employers hiring over 25 persons who are physically challenged or of the third gender or over 10 per cent of whose employees comprise such persons are expected to become eligible for a tax rebate.

Although exporters of all sectors are going to enjoy 10 per cent (green businesses) and 12 per cent (non-green businesses) corporate tax in line with garment makers, source tax on export proceeds is likely to double to 1 per cent from the next fiscal year.

The local currency today appreciated Tk 0.50 to Tk 91.5 against the US dollar at the interbank platform after facing a consistent slide in the last couple of months.

The Thakurgaon administration postponed the meeting scheduled to be held today with the potato growers, traders and cold storage owners to fix cold storage rents.

The leather industry cannot flourish properly depending only on the activities that take place during Eid-ul-Azha, Industries Minister Nurul Majid Mahmud Humayun said today.

China is going to increase the tariff-free quota benefit for more Bangladeshi goods to minimise the trade imbalance between the two countries.

Stock index and turnover rebound today as the investors hope the proposed national budget for 2022-23 to be announced tomorrow will have something positive for the market.

The index of the Dhaka Stock Exchange (DSE) returned to the black marginally today after falling for two consecutive days.

The volume of exports through Akhaura land port in Brahmanbaria has fallen significantly over the past six years as increased connectivity between north-eastern Indian states and other parts of the country helped them reduce imports from Bangladesh.

The local currency yesterday depreciated further against the US dollar, hitting Tk 92 for each greenback in the interbank platform.

The government’s borrowing from the banking system has started to go up mainly due to its lacklustre performance in revenue collection and falling investment in savings certificates. 

The government is preparing the budget in a cautious way, refraining from increasing expenditure by too much of an extent, keeping in mind the ongoing global economic crisis stemming from the pandemic and Russia-Ukraine war, State Minister for Planning Shamsul Alam said.

The government plans to boost exports by promoting large industries and send a record number of migrant workers abroad to raise foreign currency reserves.

The plastic toy industry could play a significant role in expanding Bangladesh’s export basket as shipments are expected to hit an estimated $466.31 million by 2030 if the current annual growth trend holds steady at 24 per cent, according to speakers at a seminar.