Md Asaduz Zaman

Reporter at The Daily Star, covering economics, planning and agriculture sectors in Bangladesh.

­­­­­­­Return filing a must for hotels, restaurants and clinics

Nearly five lakh additional establishments are expected to come under the tax net as the government is going to make proof of submission of return (PSR) mandatory for hotels, restaurants, clinics, and diagnostic centres.

6d ago

Gifts not sweet anymore as NBR mulls taxes

If someone receives a gift, they will have to show it in their income tax return at the end of the year. At the same time, the person who gives the present will also have to inform it in their income tax return.

1w ago

Blow for private economic zones, hi-tech parks as tax benefits go

Currently, investors in the EZs and hi-tech parks qualify for a tax break for a decade starting from the first year of their operations. They are entitled to a full tax waiver in the first three years.

1w ago

Tax exemption in FY25 rises to Tk 163,000cr

Tax exemptions provided by the National Board of Revenue (NBR) are estimated to rise to Tk 163,000 crore in fiscal 2024-25 as the tax administration looks to ease the pressure on individuals and facilitate higher economic growth.

1w ago

Whitening Black Money: ‘Unethical, unjust and unacceptable’

Backtracking on its promise to eliminate black money, the government has once again made room to allow both individuals and companies to whiten money without facing scrutiny and by paying a 15 percent tax, a move that drew sharp criticism from economists and civil society.

1w ago

How far have fiscal measures promoted industrialisation?

Experts and businesspeople also highlighted the challenges linked with the current tax and incentive system.

1w ago

Duty benefit for washing machines, refrigerators likely to stay

For air conditioner and refrigerator manufacturing industries, the government plans to extend the existing facility to June 2026, according to the finance ministry.

2w ago

Inflation hits seven-month high

Inflation, fuelled by higher food prices, climbed 15 basis points to 9.89 percent in May from 9.74 percent a month earlier, figures from Bangladesh Bureau of Statistics showed yesterday.

2w ago
June 13, 2024
June 13, 2024

­­­­­­­Return filing a must for hotels, restaurants and clinics

Nearly five lakh additional establishments are expected to come under the tax net as the government is going to make proof of submission of return (PSR) mandatory for hotels, restaurants, clinics, and diagnostic centres.

June 12, 2024
June 12, 2024

Gifts not sweet anymore as NBR mulls taxes

If someone receives a gift, they will have to show it in their income tax return at the end of the year. At the same time, the person who gives the present will also have to inform it in their income tax return.

June 11, 2024
June 11, 2024

Blow for private economic zones, hi-tech parks as tax benefits go

Currently, investors in the EZs and hi-tech parks qualify for a tax break for a decade starting from the first year of their operations. They are entitled to a full tax waiver in the first three years.

June 8, 2024
June 8, 2024

Tax exemption in FY25 rises to Tk 163,000cr

Tax exemptions provided by the National Board of Revenue (NBR) are estimated to rise to Tk 163,000 crore in fiscal 2024-25 as the tax administration looks to ease the pressure on individuals and facilitate higher economic growth.

June 7, 2024
June 7, 2024

Whitening Black Money: ‘Unethical, unjust and unacceptable’

Backtracking on its promise to eliminate black money, the government has once again made room to allow both individuals and companies to whiten money without facing scrutiny and by paying a 15 percent tax, a move that drew sharp criticism from economists and civil society.

June 6, 2024
June 6, 2024

How far have fiscal measures promoted industrialisation?

Experts and businesspeople also highlighted the challenges linked with the current tax and incentive system.

June 5, 2024
June 5, 2024

Duty benefit for washing machines, refrigerators likely to stay

For air conditioner and refrigerator manufacturing industries, the government plans to extend the existing facility to June 2026, according to the finance ministry.

June 4, 2024
June 4, 2024

Inflation hits seven-month high

Inflation, fuelled by higher food prices, climbed 15 basis points to 9.89 percent in May from 9.74 percent a month earlier, figures from Bangladesh Bureau of Statistics showed yesterday.

June 2, 2024
June 2, 2024

Social spending gets less priority in lopsided budgets

In FY22, the spending on public services increased to 15 percent of the total actual expenditure, nearly double the rate in FY09. Similarly, spending on the transport and communication sector surged to 12 percent from 4.7 percent in FY09.

May 28, 2024
May 28, 2024

ADP implementation slows to three-year low

Government spending under the Annual Development Programme (ADP) slowed to a three-year low in the first 10 months of the current fiscal year (FY) of 2023-24, with the implementation rate dropping to 49.26 percent.

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