Laundered money: Kamal takes flak in JS for amnesty

Lawmakers of both the ruling and the opposition parties heavily criticised Finance Minister AHM Mustafa Kamal yesterday for his budget proposal of legalising laundered money for a 7 percent tax.
12 June 2022, 18:00 PM

‘Tackling inflation key challenge for new budget’

Enhancing private sector investment, employment generation, revenue shortfall and financing are some of the challenges of the proposed budget, said Rizwan Rahman, president of the Dhaka Chamber of Commerce and Industry (DCCI).
9 June 2022, 14:44 PM

Day care, other facilities recommended for women’s development

Finance Minister AHM Mustafa Kamal has made a number of recommendations for the development of women in the proposed budget for 2022-23 fiscal. The budget has made recommendations for the future of women's development.
9 June 2022, 14:29 PM

Pay tax timely or lose utility connections

From the next fiscal year, the tax authority is going to introduce a provision of disconnecting utility services of taxpayers for their failure to pay undisputed revenue demand of the government.
9 June 2022, 14:02 PM

VAT exemption, tax holiday offered to promote ‘Made in Bangladesh’ brand

The move aims at making ‘Made in Bangladesh’ a global brand.
9 June 2022, 13:47 PM

Show proof of tax return to avoid interest penalty on deposits

In the proposed tax measures, the tax authority wants to impose 50 per cent tax on the interest earnings if the account holder fails to submit proof of submission of tax returns.
9 June 2022, 13:42 PM

Spending on meditation services to rise

People may have to spend more for taking meditation services from the next month as the finance minister today recommended withdrawing the VAT exemption benefit the services have been enjoying since 2016-17.
9 June 2022, 13:13 PM

Wheelchair, hearing aid to be cheaper

The prices of specialised wheelchair for the physically challenged may fall in the next fiscal year as the finance minister today proposed abolishing all kinds of taxes at the import stage of the item.
9 June 2022, 12:50 PM

Cup of coffee will cost you more

Coffee prices may rise as the finance minister today proposed imposing 20 per cent supplementary duty on processed and ready-to-consume coffee.
9 June 2022, 12:44 PM

Importing aircraft to become cheaper

Finance Minister AHM Mustafa Kamal has proposed advance tax exemption for aircraft imports by registered companies in the proposed budget for the fiscal year 2022-23.
9 June 2022, 12:12 PM

Tourism industry gets Tk 1,000 crore incentive

The government has declared an incentive package of Tk 1,000 crore for the tourism industry to help it revive from the brunt of the protracted Covid-induced pandemic and the current uncertainty.
9 June 2022, 12:10 PM

Disability allowance to go up to Tk 850

The government is going to increase the number of beneficiaries of disability allowance and their allowance amount.
9 June 2022, 12:08 PM

Tk 5,000 crore fund to manage shocks of natural disasters

Finance Minister AHM Mustafa Kamal today proposed allocating Tk 5,000 crore as the ‘Fund for managing the shocks of natural disasters’ in the upcoming 2022-23 fiscal year.
9 June 2022, 12:02 PM

Corporate tax rates slashed

The government has proposed to cut the tax rate for one-person companies (OPCs) from 25 per cent to 22.5 per cent in order to attract investment in the private sector.
9 June 2022, 11:59 AM

Capital machinery duty to remain unchanged for small industries

The government proposed keeping the import duty for capital machinery unchanged at 1 per cent for the small and medium industries to give a boost to the sector.
9 June 2022, 11:55 AM

5% advance tax on gold import goes

The government is set to withdraw a 5 per cent advance tax on the import of gold in the fiscal year of 2022-23 to encourage the import of the precious metal through formal channels and discourage smuggling.
9 June 2022, 11:12 AM

Import duty cuts on wheat gluten, sugarcane molasses

Finance Minister AHM Mustafa Kamal has proposed reducing the import duty on wheat gluten and sugarcane molasses to ensure supply of protein and dietary sugars at a lower price, thereby reducing production costs of the livestock industry.
9 June 2022, 11:08 AM

Tk 26,066 crore proposed for energy sector

The Ministry of Power, Energy and Mineral Resources has received Tk 26,066 crore allocation in the proposed budget for FY 2022-23, which is Tk 1,418 crore less than the allocation in the current fiscal year.
9 June 2022, 11:06 AM

Education budget only 1.83% of GDP

The allocation for the education sectors in the proposed budget for the upcoming fiscal year of 2022-23 has reduced in terms of the Gross Domestic Product (GDP).
9 June 2022, 10:54 AM

Tech giants must submit income tax returns

Tech giants such as Google or Meta (Facebook) will have to submit income tax returns from next fiscal year.
9 June 2022, 10:49 AM