Dhaka March 6, 2026, 5:13 pm
The finance minister said that radical reforms to the tax system are necessary because economic globalisation and the rise of information and communication technology have had a significant impact on taxation systems around t
The tax rate, now levied on the banks, insurance and financial entities listed with the capital market, has also been proposed to be cut to 37 per cent from 37.5 per cent
Muhith proposed corporate tax for the non-listed garment sector at 15 percent from the revised rate of 12 percent. The minister also proposed 2 percent increased corporate tax rate for the green garment factories at 12 percen
The high interest rate of savings instruments, seemingly to gain popularity in the election year,has pushed up the government’s budget expenditure. Most of the interest payments will meet the government’s domestic borrowing c
The allocation for women in the national budget increased by five folds in the last nine years as the allocation was Tk27,248 in 2009-10
A block allocation for certain specific purposes of risk arising out of earthquake, women entrepreneurship, women development, skill development and poverty reduction activities of three foundations
To sustain the trend of higher growth in coming days the contribution of industrial sector to GDP will have to be increased which calls for stronger focus on increasing productivity; thus our dependency on ICT will be increas
This will enable the National Board of Revenue to have real-time access to business transactions which will eventually protect revenue leakage and increase revenue collection significantly
The proposed allocation for the power division and the energy and mineral resources division is up 2.72 percent compared to the revised budgetary allocation of Tk 24,260 crore for the sector in the current fiscal year
Children who are employed in risky jobs are now getting skill development training and informal education for duration of 18 months and 6 months respectively
25 per cent customs duty and 3 per cent regulatory duty on rice imports to protect the farmers as the country got a bumper paddy production in the boro season
Finance Minister AMA Muhith in his Budget Speech said GDP growth rate will be 7.8 per cent in FY 2018-19 and inflation will come down to 5.6 per cent by the end of the fiscal year
Rejecting expectation for increasing the threshold to Tk 3,00,000 to offer relief to the individual taxpayers, Muhith has made an exception, though. The threshold for a parent or guardian of a person with disability will be h
To encourage the use of green product jute, a 5 per cent supplementary duty has been proposed on all polythene bags, plastic bags and poly-packaging in the budget for fiscal 2018-19
Flats upto 1100sqft, which had 1.5 per cent VAT, will now come under the purview of 2 per cent VAT, according to the proposition of Finance Minister AMA Muhith
Additional VAT has been imposed on men’s shaving items such as shaving creams, after shave, and bath-salts, washroom fresheners and other similar products. Now, the VAT rate on these products has been raised to 15 per cent fr
Minister Muhith proposes to impose 5 per cent VAT on all e-commerce, including those using Facebook for sales, in the budget for fiscal 2018-19
The lofty budget set a target of Tk 3.39 trillion revenue earnings, of which Tk 2.96 trillion will be collected by the National Board of Revenue (NBR)
This will be the country’s 47th budget and the 19th of the Awami League government while the 12th for Muhith
Finance minister AMA Muhith is set to place the budget before Jatiya Sangsad with a record outlay of over Tk 4.64 trillion.
