Bizdata Insights Main Logo

BizData Insights

REHAB Urges 7% Reduction in Flat and Plot Registration Costs

Industry: Housing, Real Estate

Various industry associations in Bangladesh have presented their pre-budget proposals to the National Board of Revenue (NBR). The Real Estate and Housing Association of Bangladesh (REHAB) demanded the reinstatement of Section 19 BBBBB of the Income Tax Ordinance 1984 to allow undisclosed money investment in flat purchases. They also urged for a reduction in flat and plot registration costs from 12.5% to 7% and a decrease in VAT.

In their proposal, the Institute of Chartered Accountants of Bangladesh (ICAB) called for increased revenue collection through transfer pricing regulations and a minimum tax rate of 15%. Meanwhile, the Bangladesh Cement Manufacturers Association (BCMA) expressed concern over the hike in import duty for clinker, leading to increased cement prices and a decline in sales.

Source for more details:

Related News

Ananta Group to Invest Tk1,080 Crore in LEED Platinum Residential Complex

February 20, 2024

Ananta Group plans to construct Bangladesh's inaugural eco-friendly residential complex, Ananta Terraces, in the capital, investing an estimated Tk 1,080 crore. The project aims to attain LEED Platinum certification, promoting sustainable living.

National Housing Finance and Starpath Holdings Ink MoU

February 19, 2024

National Housing Finance and Investments (NHFI) has entered into a memorandum of understanding (MoU) with Starpath Holdings. The MoU was signed at NHFI's corporate head office in Gulshan. According to the press release, NHFI's managing director and CEO, along with Starpath Holdings' managing director and CEO, inked the agreement.

Dhaka Bank Facilitates Tk 5B Financial Closure for Ananta Real Estate

February 18, 2024

Dhaka Bank PLC, as Lead Arranger, facilitated the Financial Closure of BDT 5,000.00 million for Ananta Real Estate Limited's project, Ananta Terraces. The project, located at 100-ft Madani Avenue, spans over 43 Bighas of land and aims to be the first LEED Platinum Certified Gated Community in Bangladesh. It will feature luxury branded residential apartments, with globally reputed consultants engaged for its development.

Concord Architects Partners with LankaBangla

February 14, 2024

Concord Architects and Interior Décor, part of Concord Group, signed an MoU with LankaBangla Finance offering clients of the NBFI up to a 20% discount on Concord Architects' services. Clients availing services from Concord Architects are entitled to additional discounts on Resort Atlantis at Ashulia, Foy's Lake Resort in Chattogram, and other services of Concord Entertainment Company.

REHAB Urges 7% Reduction in Flat and Plot Registration Costs

February 12, 2024

Various industry associations in Bangladesh have presented their pre-budget proposals to the National Board of Revenue (NBR). The Real Estate and Housing Association of Bangladesh (REHAB) demanded the reinstatement of Section 19 BBBBB of the Income Tax Ordinance 1984 to allow undisclosed money investment in flat purchases. They also urged for a reduction in flat and plot registration costs from 12.5% to 7% and a decrease in VAT.

Navana Real Estate Introduces New Logo

February 10, 2024

Navana Real Estate (NRE) has revealed a new logo with the tagline "Broaden Life Boundaries", set to be utilized across official premises and online platforms starting February 3. The logo embodies the company's commitment to innovation and sustainability in the real estate sector. It features a symbol representing diverse building shapes, symbolizing NRE's project variety.

Related News

Ananta Group to Invest Tk1,080 Crore in LEED Platinum Residential Complex

February 20, 2024

Ananta Group plans to construct Bangladesh's inaugural eco-friendly residential complex, Ananta Terraces, in the capital, investing an estimated Tk 1,080 crore. The project aims to attain LEED Platinum certification, promoting sustainable living.

National Housing Finance and Starpath Holdings Ink MoU

February 19, 2024

National Housing Finance and Investments (NHFI) has entered into a memorandum of understanding (MoU) with Starpath Holdings. The MoU was signed at NHFI's corporate head office in Gulshan. According to the press release, NHFI's managing director and CEO, along with Starpath Holdings' managing director and CEO, inked the agreement.

Dhaka Bank Facilitates Tk 5B Financial Closure for Ananta Real Estate

February 18, 2024

Dhaka Bank PLC, as Lead Arranger, facilitated the Financial Closure of BDT 5,000.00 million for Ananta Real Estate Limited's project, Ananta Terraces. The project, located at 100-ft Madani Avenue, spans over 43 Bighas of land and aims to be the first LEED Platinum Certified Gated Community in Bangladesh. It will feature luxury branded residential apartments, with globally reputed consultants engaged for its development.

Concord Architects Partners with LankaBangla

February 14, 2024

Concord Architects and Interior Décor, part of Concord Group, signed an MoU with LankaBangla Finance offering clients of the NBFI up to a 20% discount on Concord Architects' services. Clients availing services from Concord Architects are entitled to additional discounts on Resort Atlantis at Ashulia, Foy's Lake Resort in Chattogram, and other services of Concord Entertainment Company.

REHAB Urges 7% Reduction in Flat and Plot Registration Costs

February 12, 2024

Various industry associations in Bangladesh have presented their pre-budget proposals to the National Board of Revenue (NBR). The Real Estate and Housing Association of Bangladesh (REHAB) demanded the reinstatement of Section 19 BBBBB of the Income Tax Ordinance 1984 to allow undisclosed money investment in flat purchases. They also urged for a reduction in flat and plot registration costs from 12.5% to 7% and a decrease in VAT.

Navana Real Estate Introduces New Logo

February 10, 2024

Navana Real Estate (NRE) has revealed a new logo with the tagline "Broaden Life Boundaries", set to be utilized across official premises and online platforms starting February 3. The logo embodies the company's commitment to innovation and sustainability in the real estate sector. It features a symbol representing diverse building shapes, symbolizing NRE's project variety.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here