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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

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

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% 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

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

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

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

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

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

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

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

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

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

'Cases filed against companies of 52 substandard food items'

Bangladesh Food Safety Authority (BFSA) has lodged 52 separate cases against the companies of the 52 substandard food products as per the High Court directives, says a counsel for the BFSA.
13 June 2019

Finance minister unwell; PM presents remaining budget speech

As Finance Minister AHM Mustafa Kamal has been feeling unwell, Prime Minister Sheikh Hasina took on the task of presenting the remainder of the budget speech at the national parliament.
13 June 2019

No hike in income tax, plan to widen collection

With a plan to collect more tax, Finance Minister AHM Mustafa Kamal proposes not to increase the tax rate.
13 June 2019

Midday Brief | Thursday, June 13, 2019

Hello dear readers! How are you doing today? Here are the news headlines so far on June 13, 2019
13 June 2019

Tk 100cr for people displaced by river erosion

Finance Minister AHM Mustafa Kamal proposes allocation of Tk 100 crore to facilitate rehabilitation of the people affected by river erosion.
13 June 2019

Tk 20cr likely to be allocated for boosting football

Finance Minister AHM Mustafa Kamal has proposed a special allocation of Tk 20 crore to Bangladesh Football Federation for boosting the country’s football sector.
13 June 2019

Mobile phone use cost to increase 5 per cent

Mobile phone users are going to face higher bills for usage as supplementary duty proposed to make double as 10 per cent from its existing 5 per cent in the proposed budget.
13 June 2019