IMF recommends removal of tax exemption facilities for 33 industries. NBR is working on compliance

The fourth part of the Sixth Schedule of the Income Tax Act provides 10 years of tax exemption to 33 types of organizations in the manufacturing sector. Sectors in this list include active pharmaceutical ingredients and radiopharmaceuticals, agricultural equipment, automatic bricks, automobiles, barrier contraceptives and rubber latex, basic elements of electronics such as resistors, capacitors, […]

IMF seeks update on list of willful defaulters

At the meeting, the Financial Institutions Division presented updates on defaulted loans and other parameters in four state-run banks, liquidity crisis in the banking sector, risk management, recapitalization in banks, foreign exchange crisis and introduction of laws regarding the financial sector. , When asked about the issue, former Bangladesh Bank governor Salehuddin Ahmed said, “What […]