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Tag: tax
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How is the price of cigarettes now after the increase in tax duty?
The National Board of Revenue (NBR) has already directed to use stamps and bandrolls as per the price levels, and tobacco companies are paying taxes and duties accordingly. Ultimately this increased retail prices. The price of Benson & Hedges has increased from 18 taka to 20 taka, while the price of one stick of Goldleaf…
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Government will deduct 120 billion taka more from public’s pocket
Demand for oranges as a dietary supplement remains high throughout the year, as dengue and common fever have become year-round health concerns in Bangladesh. Nevertheless, the government increased the supplementary duty on import of this fruit from 10 per cent to 30 per cent, increasing the import cost by Tk 15 per kg. Its total…
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Cooking, cellphone, internet, medicine expensive
Cooking, cellphone, internet, medicine expensive
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Tax should not be increased in the interest of any financial institution: Rizvi
Responding to a question, Rizvi said deposed Prime Minister Sheikh Hasina no longer has any red or green passport as the Bangladesh government has canceled it. He said, “We do not understand on what basis India extended Sheikh Hasina’s visa.” Looking at the situation, it seems India is desperate for Sheikh Hasina,” he said. Joypara…
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Economist Waheeduddin Mahmud warns of economic instability and foreign debt trap in Budget 2024-25 analysis
Fundamental weaknesses have been exposed in the entire economic system. Comprehensive qualitative changes are required, otherwise it will not be possible to overcome the crisis. Wahiduddin Mahmud raised the question whether any such initiative was taken from the highest level of the government. The government is continuously taking foreign loans. Expenditure on interest has increased…
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Bangladesh Budget 2022 Analysis: Evaluating its impact on economic crisis and inflation control
Prothom Hello , This is the fourth term of the Awami League and the first budget of the new finance minister. What is new in this budget? Broadly, how would you evaluate it? There were a lot of expectations from this budget. Our economic problems or crisis, whatever you call it, have been going on…
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Where was taxpayers' money spent
Where was taxpayers' money spent
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Will Benazir be able to pay 15 percent tax and convert her black money into white?
Incidentally, the ACC has found that Benazir, her wife and children own 621 bighas of land in Gopalganj, Madaripur, Dhaka and other districts, four flats in Gulshan, 33 bank accounts, shares in 19 companies and three B.O. accounts, as well as savings certificates worth 30 lakh taka (30 lakh taka). Following an appeal by the…
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Tax-free income limit remains unchanged amid high inflation
Tax-free income limit remains unchanged amid high inflation
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IMF wants 15 percent VAT in all sectors
IMF wants 15 percent VAT in all sectors
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Bangladesh's economy faces four challenges, three risks
According to the World Bank, Bangladesh's economy is currently facing four challenges – high inflation, foreign exchange deficit, import restrictions and risks to the financial sector. However, the WB estimated that Bangladesh's economy would grow at 5.6 percent, although the government has targeted a growth of 7.5 percent. The Washington-based global lender highlighted these in…
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Rising prices of dates in Bangladesh: Disproportionate cost analysis reveals rising rates
In 2022, the government increased duties on imported dates in an effort to keep imports under control. It consisted of 25 percent import duty, 15 percent VAT, 5 percent advance income tax, 5 percent advance tax and 3 percent regulatory duty. The total tax burden was 59 percent. Recently, the government cut import duty by…
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Date prices increased before Ramzan
In a span of three months, the prices of these dates have increased by 200-300 taka per kg. Last Saturday, in Chattogram markets, boxed dates were being sold at Rs 380, Mashrukh at Rs 500, Safari at Rs 800, Saudi Arabian amber at Rs 800, Nakal at Rs 350 and dates on string at Rs…
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BAT Bangladesh honored as top taxpayer
Expressing his gratitude on receiving the award, Shahzad Munim said, “BAT Bangladesh fully adheres to the laws of the country, maintaining a culture of transparency and timely tax payment. We take pride in making a significant contribution to national development and envision BAT Bangladesh as a steadfast development partner in the country’s journey towards becoming…
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Deadline for filing tax returns extended by two months: National Board of Revenue (NBR)
The deadline for filing income tax returns at the individual level has been extended by two months. According to a circular from the National Board of Revenue (NBR) on Wednesday, individuals will be able to submit returns till January 31. *more to follow…