Mohammad Suman

Reducing penalty on false declarations will encourage smuggling: experts

In the Finance Ordinance 2025–26, presented on Monday, the government proposed amending the Customs Act 2023 and revising the penalty structure for tax evasion related to intentional false declarations during import clearance, reducing the minimum fine from twice the evaded amount to an equivale

9h ago

Tax-free income ceiling to stay the same

The interim government is set to introduce a wide range of tax and duty reforms in the upcoming fiscal year to facilitate the country’s smooth graduation from Least Developed Country (LDC) status and drive economic growth.

3d ago

What are the likely tax and duty measures in FY26?

These include steps to reduce the cost of doing business and align tax policies with the requirements of LDC graduation

3d ago

Cancer drugs, insulin to get cheaper as NBR plans tax cuts

The government is going to expand import duty exemptions on pharmaceutical raw materials and medical equipment, with 79 new items expected to be added to the duty-free list in the upcoming national budget.

5d ago

69% overwhelmed by ‘excessive’ VAT on essentials

About 69 percent of low-income people view the value-added tax (VAT) on essential items as excessive, according to a survey, with most seeing it as a significant financial burden.

5d ago

Tanners may get slight tariff relief on chemicals

The government is considering reducing customs duty on seven imported tanning chemicals in the upcoming national budget, offering slight relief to the country’s struggling tannery sector.

6d ago

Helicopter rides may cost more

From horse-drawn carriages to helicopters, weddings in Bangladesh have taken flight -- literally. What was once a luxury reserved for the ultra-rich has become an aspirational trend among the middle class in recent years.

1w ago

To appease US, NBR to offer zero-duty for 100 more goods

The National Board of Revenue (NBR) is set to propose zero import duties on an additional 100 goods in the upcoming national budget, aiming to boost bilateral trade with the United States and cushion higher tariffs on Bangladeshi products entering the American market. 

2w ago
June 3, 2025
June 3, 2025

Reducing penalty on false declarations will encourage smuggling: experts

In the Finance Ordinance 2025–26, presented on Monday, the government proposed amending the Customs Act 2023 and revising the penalty structure for tax evasion related to intentional false declarations during import clearance, reducing the minimum fine from twice the evaded amount to an equivale

June 1, 2025
June 1, 2025

Tax-free income ceiling to stay the same

The interim government is set to introduce a wide range of tax and duty reforms in the upcoming fiscal year to facilitate the country’s smooth graduation from Least Developed Country (LDC) status and drive economic growth.

May 31, 2025
May 31, 2025

What are the likely tax and duty measures in FY26?

These include steps to reduce the cost of doing business and align tax policies with the requirements of LDC graduation

May 30, 2025
May 30, 2025

69% overwhelmed by ‘excessive’ VAT on essentials

About 69 percent of low-income people view the value-added tax (VAT) on essential items as excessive, according to a survey, with most seeing it as a significant financial burden.

May 30, 2025
May 30, 2025

Cancer drugs, insulin to get cheaper as NBR plans tax cuts

The government is going to expand import duty exemptions on pharmaceutical raw materials and medical equipment, with 79 new items expected to be added to the duty-free list in the upcoming national budget.

May 29, 2025
May 29, 2025

Tanners may get slight tariff relief on chemicals

The government is considering reducing customs duty on seven imported tanning chemicals in the upcoming national budget, offering slight relief to the country’s struggling tannery sector.

May 26, 2025
May 26, 2025

Helicopter rides may cost more

From horse-drawn carriages to helicopters, weddings in Bangladesh have taken flight -- literally. What was once a luxury reserved for the ultra-rich has become an aspirational trend among the middle class in recent years.

May 21, 2025
May 21, 2025

To appease US, NBR to offer zero-duty for 100 more goods

The National Board of Revenue (NBR) is set to propose zero import duties on an additional 100 goods in the upcoming national budget, aiming to boost bilateral trade with the United States and cushion higher tariffs on Bangladeshi products entering the American market. 

May 15, 2025
May 15, 2025

NBR moves to speed up auction of abandoned goods

About 2 lakh tonnes of imported goods left abandoned at Chattogram port alone for years

April 17, 2025
April 17, 2025

Ctg customs saw 12% revenue growth in July-March

Revenue collection by Chattogram Customs House rose 12 percent over the past nine months thanks to the easing of import restrictions, with shipments of Ramadan essentials surging ahead of the month of fasting for Muslims..The country’s top revenue earner collected Tk 55,346 crore in the Ju