Leaders of three leading business chambers demand deletion of certain proposed new provisions in the VAT Act 2012 and Income Tax Ordinance 1984 in order to maintain a business-friendly tax regime in light of the Covid-19 induced economic situation.
The Jatiya Sangsad today passed the supplementary budget of Tk 46,516.11 crore for the 2019-20 fiscal year to meet additional expenditures under different ministries and departments in the outgoing fiscal year.
With the opportunity offered to money launderers by the government to whiten black money failing to draw a significant response, the new budget has made a new, lucrative proposition -- invest the money and no one, not even the income tax authority, will be able to question its source.
BNP Standing Committee Member Amir Khasru Mahmud Chowdhury says that people’s lives and livelihoods had been ignored in the proposed national budget for the 2020-21 fiscal year.
Finance Minister AHM Mustafa Kamal has proposed imposing a 50 percent penalty on misdeclaration of exports, imports and investments in overseas countries as the government aims to increase tax revenue and prevent money laundering, according to the budget proposal for fiscal year 2020-21.
Protected and unprotected: an oblique line of the government’s preference separated the two.
Despite major projects in transport sector being either halted or delayed due to the coronavirus outbreak, no course of action was chalked out during the budget session today on the projects.
Save for a slash in the income tax, there is no respite in this year’s budget for penny-pinching middle class families.
Finance Minister AHM Mustafa Kamal has proposed continuation of 1 percent additional cash incentive for the country’s garment export in 2020-21 fiscal year too, considering the economic fallout from Covid-19 pandemic.
Leaders of three leading business chambers demand deletion of certain proposed new provisions in the VAT Act 2012 and Income Tax Ordinance 1984 in order to maintain a business-friendly tax regime in light of the Covid-19 induced economic situation.
The Jatiya Sangsad today passed the supplementary budget of Tk 46,516.11 crore for the 2019-20 fiscal year to meet additional expenditures under different ministries and departments in the outgoing fiscal year.
With the opportunity offered to money launderers by the government to whiten black money failing to draw a significant response, the new budget has made a new, lucrative proposition -- invest the money and no one, not even the income tax authority, will be able to question its source.
BNP Standing Committee Member Amir Khasru Mahmud Chowdhury says that people’s lives and livelihoods had been ignored in the proposed national budget for the 2020-21 fiscal year.
Finance Minister AHM Mustafa Kamal has proposed imposing a 50 percent penalty on misdeclaration of exports, imports and investments in overseas countries as the government aims to increase tax revenue and prevent money laundering, according to the budget proposal for fiscal year 2020-21.
Protected and unprotected: an oblique line of the government’s preference separated the two.
Despite major projects in transport sector being either halted or delayed due to the coronavirus outbreak, no course of action was chalked out during the budget session today on the projects.
Save for a slash in the income tax, there is no respite in this year’s budget for penny-pinching middle class families.
Finance Minister AHM Mustafa Kamal has proposed continuation of 1 percent additional cash incentive for the country’s garment export in 2020-21 fiscal year too, considering the economic fallout from Covid-19 pandemic.
Finance Minister AHM Mustafa Kamal today proposed the implementation of an E-Judiciary project to reduce time and costs for litigants in the country.
