Housing and Public Works Minister Engr Mosharraf Hossain suggests cutting down customs duty on liquor for the sake of flourishing tourism in the country.
No VAT or tax has been imposed on remittance in the proposed budget for 2018-19 fiscal year, the National Board of Revenue (NBR) says.
Opposition MPs continue their scathing attacks on Finance Minister AMA Muhith in Parliament for his 'failure' to restore discipline in the banking sector.
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) demands stern punishment for the people involved in in misappropriating money from the country's banks.
The proposed budgetary measures for fiscal 2018-19 will benefit the high and low income people, leaving the middle- and lower middle-class, which form the majority of Bangladesh's population, strained, said the Centre for Policy Dialogue yesterday.
Leading chambers and trade bodies yesterday criticised the government's 2.5 percent corporate tax cut proposal for only banks and financial institutions in fiscal 2018-19, saying the move would not bring in the desired private or foreign investments.
Online shopping will be excluded from the purview of 5 percent value added tax (VAT) that was proposed on virtual businesses in the budget for FY 2018-19.
Every year when the budget is placed in the parliament, Taufiq Hasan, a 35-year-old private sector employee, gets all worked up about which products and services he would have to pay more the following fiscal year.
The government is continuing to treat banks with kid gloves instead of going tough on them for the rampant financial irregularities and continued poor judgement.
Customer will have to pay more for products and service bought from one's mobile phone as the government yesterday introduced a 5 percent value-added tax on those from next fiscal year and also raised the surcharge on handset imports.
It looks like another repeat story. We had a big budget that failed to achieve its targets. Now we are pushing for a bigger one with higher targets. But with the ground reality remaining the same, are we to see a story foretold for the next year?
Interest payments get the fourth highest allocation, which is also higher than the combined allocation for health, social security and welfare in the proposed budget for 2018-19.
Samidul Haque obtained a BBA degree from a private university a year ago.
Fy 2018-19...
Finance Minister AMA Muhith presented the FY2018-19 national budget to parliament yesterday. This is a historic event in the sense that it is his tenth consecutive budget that reflects the continuity in fiscal management.
National Budget 2018-19 ....
Shifa Hosne and her husband have been saving up money to buy a small flat in the city, where property price is already way beyond the capacity of service holders with fixed income.
The government plans following in Europe's footsteps to tap digital marketing's popularity, with Finance Minister AMA Muhith yesterday proposing introducing provisions on taxing earnings of networking tech giants such as Facebook, Google and Youtube.
For the first time in Bangladesh, a finance minister apologised for his inability to create an opportunity to hold elaborate discussions on supplementary budget in parliament.
