Gold prices to go down

The price of gold will go down as a reduction of duty on its import has been proposed in the budget for fiscal year 2019-20.
13 June 2019, 12:52 PM

People to suffer for budget deficit: Amir Khasru

BNP Standing Committee Member Amir Khasru Mahmud Chowdhury says that the government has kept Tk 145,380 crore deficit in the proposed national budget for 2019-20 fiscal which will be realised from people anyhow.
13 June 2019, 12:36 PM

Prices up, prices down

Finance Minister AHM Mustafa Kamal proposes changes to duties on different products, which will result in increase and decrease in their prices.
13 June 2019, 11:41 AM

Tax office in every upazila

Finance Minister AHM Mustafa Kamal says tax offices will be set up in every upazila of the country.
13 June 2019, 11:39 AM

Kamal vows to raise tax-GDP ratio to 15pc in 2yrs

Finance Minister AHM Mustafa Kamal has vowed to raise the tax-GDP ratio to 15 percent in two years from present 10 percent, a move that needs a lot of efforts and investments from the government to achieve.
13 June 2019, 11:20 AM

Smartphone import to be costlier

Import of smartphones will be costlier as supplementary duty is proposed to be raised by two and half times to 25 per cent from its existing 10 per cent in the proposed budget.
13 June 2019, 11:16 AM

Govt employees under insurance coverage

The government will bring all of its employees under insurance coverage, says Finance Minister AHM Mustafa Kamal in his budget speech.
13 June 2019, 11:05 AM

Govt plans pension scheme for all

The budget for fiscal 2019-20 includes plan for pension for all. Pension for all employed citizens in both formal and informal sectors will be ensured gradually, says the budget proposal placed at parliament.
13 June 2019, 11:03 AM

15% tax on stock dividend, retained earnings

Fifteen per cent tax has been imposed on stock dividend distributed to the shareholders by any listed company in the proposed budget for fiscal 2019-20.
13 June 2019, 11:00 AM

Corporate tax stays same; min tax hiked for mobile companies

Bangladesh government is planning to keep the existing corporate tax rates for the next fiscal, with an aim to boost business and investment.
13 June 2019, 10:59 AM

10% supplementary duty on issuance of vehicle registration

Finance Minister AHM Mustafa Kamal proposed 10 per cent supplementary duty on issuance or renewal of all kinds of vehicles registration, route permit, fitness certificates, ownership certificate.
13 June 2019, 10:52 AM

Govt plans to modernise ACC to curb graft

Bangladesh government is planning to modernise the Anti-Corruption Commission (ACC) in order to curb corruption in the country.
13 June 2019, 10:52 AM

0.1pc surcharge for wealth over Tk 50cr

Finance Minister AHM Mustafa Kamal proposes that an individual taxpayer having a net wealth of Tk 50 crore or above shall pay higher of 0.1 per cent of net wealth or 30 per cent of his income tax payable as surcharge.
13 June 2019, 10:49 AM

Govt plans to widen social safety net

Bangladesh government is aiming to widen the social safety net further, aiming to include more of the marginalised and vulnerable population under protection.
13 June 2019, 10:48 AM

2% incentive in remittance

The government proposes an incentive of two percent on money remitted by expatriate Bangladeshi to encourage bringing in foreign remittance through legal channels.
13 June 2019, 10:44 AM

Tax-free dividend ceiling to rise to Tk 50,000

Finance Minister AHM Mustafa Kamal proposes to rise tax-free dividend income to TK 50,000 which is now Tk 25,000.
13 June 2019, 10:43 AM

Spending in education to rise

The government proposes raising allocation in the education sector by 17 percent to Tk 61,118 crore in the budget for the next fiscal year compared to the revised allocation in the outgoing fiscal year.
13 June 2019, 10:38 AM

Tk 50cr for scientific research

The finance minister proposes allocation of Tk 50 crore for scientific research and development in the country.
13 June 2019, 10:36 AM

Investment amnesty proposed for black money

Bangladesh government is yet again giving scope to whiten black money, subjected to investment for the grooming of industrial sector.
13 June 2019, 10:32 AM

RMG sector gets highest 5% cash incentive

Dominating export sector, the readymade garments industry is getting a highest cash incentive of 5 per cent in the budget for fiscal 2019-20.
13 June 2019, 10:25 AM