New Customs Act Introduces 10% Interest on Late Payment of Duties
Starting June 6, the new Customs Act will enforce mandatory electronic scanning for all imported and exportable goods, with exemptions…
Tax Expenditures to Decrease by Tk 150 Billion
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Tax Expenditures to Decrease by Tk 150 Billion
In FY2024-25, Bangladesh’s direct-tax expenditure is projected to shrink by Tk 150 billion due to the elimination of numerous exemptions,…
Democratic Budget Movement Proposes Tk 6 Lakh Tax-Free Limit
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Democratic Budget Movement Proposes Tk 6 Lakh Tax-Free Limit
The Democratic Budget Movement and Oxfam, Bangladesh, have called for raising the tax-free income threshold to Tk6 lakh in the…
Govt to Impose Tk 5,000 Excise Duty on Bank Deposits Between Tk 5-10 M
In the upcoming fiscal year, Bangladesh plans to increase excise duty on high-value bank deposits to address income inequality. The…
Govt to Impose Tk 5,000 Excise Duty on Bank Deposits Between Tk 5-10 M
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Govt Plans to Decrease Tax Deduction Rates for Raw Materials
The government plans to reduce tax deduction rates at source for raw material supplies to manufacturers from 4% to 3%,…
Income Tax Return Mandatory for Renting Community Center
The upcoming budget may introduce a new requirement mandating the submission of annual income tax returns before renting a community…
Income Tax Return Mandatory for Renting Community Center
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