Finance Minister AHM Mustafa Kamal has proposed advance tax exemption for aircraft imports by registered companies in the proposed budget for the fiscal year 2022-23.

The government has declared an incentive package of Tk 1,000 crore for the tourism industry to help it revive from the brunt of the protracted Covid-induced pandemic and the current uncertainty.

The government is going to increase the number of beneficiaries of disability allowance and their allowance amount.

Finance Minister AHM Mustafa Kamal today proposed allocating Tk 5,000 crore as the ‘Fund for managing the shocks of natural disasters’ in the upcoming 2022-23 fiscal year.

The government has proposed to cut the tax rate for one-person companies (OPCs) from 25 per cent to 22.5 per cent in order to attract investment in the private sector.

A 10 percent supplementary duty on the import of optical fiber cable has been proposed in the new budget for FY 22-23. Md Imdadul Hoque, President of Internet Service Providers Association of Bangladesh (ISPAB), says that the increased taxation on optical fiber import will increase the price of broadband internet in the country.

The government proposed keeping the import duty for capital machinery unchanged at 1 per cent for the small and medium industries to give a boost to the sector.

While most consumer electronic products will see an increase in their prices, a few consumer electronics are expected to have reduced prices after the proposed budget for the fiscal year 2022-2023.

The government is set to withdraw a 5 per cent advance tax on the import of gold in the fiscal year of 2022-23 to encourage the import of the precious metal through formal channels and discourage smuggling.

Finance Minister AHM Mustafa Kamal has proposed reducing the import duty on wheat gluten and sugarcane molasses to ensure supply of protein and dietary sugars at a lower price, thereby reducing production costs of the livestock industry.

The Ministry of Power, Energy and Mineral Resources has received Tk 26,066 crore allocation in the proposed budget for FY 2022-23, which is Tk 1,418 crore less than the allocation in the current fiscal year.

The allocation for the education sectors in the proposed budget for the upcoming fiscal year of 2022-23 has reduced in terms of the Gross Domestic Product (GDP).

Tech giants such as Google or Meta (Facebook) will have to submit income tax returns from next fiscal year.

The government has proposed retaining the existing 15 percent tax rate for the textile sector until June 30, 2025 to facilitate the growth of the country's textile and garment sector.

The government is going to increase the subsidy by big margin for fertilisers in the next fiscal year (2022-23) due to the sharp rise in its price in the global markets.

There is nothing new for the already ill-equipped health sector in the National Budget 2022-2023. Finance Minister AHM Mustafa Kamal placed the 51st national budget today where he earmarked around Tk 36,864 crore or 5.4 percent of the total budget.

Laptop prices are set to increase, after Finance Minister AHM Mustafa Kamal proposed to impose a 15 percent value added tax (VAT) on imported laptops in the proposed budget for the next fiscal year 2022-23.

The government today proposed cutting the turnover tax for start-ups to 0.1 per cent from the current 0.6 per cent in the next fiscal year.

In the proposed budget for the fiscal year 2022-23, the supplementary duty has been increased for motor vehicles. This may increase the prices of cars and motorcycles.

The government has cut the fine by half in the case of failure of filing value-added tax (VAT) and turnover tax returns by the due date.