Summary: Microsoft received the Value-Added Tax (VAT) registration from Dhaka South Vat commissionerate on July 01 standing as the fourth tech giant in Bangladesh. It used its Singapore address and collected its Business Identification number. Content: It's obvious that if the International companies want to conduct business here in Bangladesh, they will have to pay taxes to the government. So, these technology... Read More
Summary: Bangladesh Security and Exchange Commission has approved the first-ever green bond issuance in Bangladesh in favor of a non-governmental organization. In its newly published gazette, BSEC has notified its nature of the bond and the type of corporations that can buy these bonds. Content: Starting with the introduction of Green bonds which are any type of debt instrument with the same... Read More
Summary: The government issued rules for qualified investor offer by small capitalized companies on January 30 to give a chance of raising fund from the capital market for the small public limited companies. Bangladesh Security Zone Exchange Commission had declared 23,210 BO accountholders as eligible investors for the subscription of IPOs of SMEs. Content: SME (small-to-medium enterprise) is a convenient term for segmenting... Read More
Summary: The Registrar of Joint Stock Companies and Firms (RJSC) has started incorporating One Person Company (OPC) -- a new type of business entity in the country -- from May 23, 2021. To encourage the foreign enterprises and sole proprietorship, the government is going to offer a tax exemption through a 25% cut in the upcoming national budget for fiscal... Read More
Summary: Bangladesh Bank (BB) has allowed authorized dealers to open foreign currency accounts in the names of branch offices or liaison offices of foreign companies as opposed to the name of employed local executing firms, operating under approval from the Bangladesh Investment Development Authority (BIDA), or other relevant bodies. This will attract more foreign direct investment if operated under the... Read More
Summary: On February 7th, 2021, Bangladesh Bank (BB), the central bank of the country declared a dividend policy for banks for 2020 in light of the challenges that the outbreak of coronavirus posed which allowed them to reward their shareholders based on the strength of the capital base. On the 24th of February 2021, the central bank stopped the non-bank... Read More
[Source: TBS] Aiming to provide liquidity support to the capital market, the Bangladesh Securities and Exchange Commission (BSEC) will form a fund with the unpaid dividends. The fund will be run under the name of Stock Market Stabilisation Fund. The BSEC claimed that there are dividends worth Tk21,500 crore which have remained unsettled for a long time in several companies. The... Read More
[ Source: the Business Standard] The government will be setting up nine more economic zones in the country. The approval came at a recent governing board meeting of the Bangladesh Economic Zone Authority (Beza), chaired by Prime Minister Sheikh Hasina. With this, the number of approved economic zones currently stands at 102. Of the 93 previously approved economic zones, nine... Read More
[Source: World Bank Group] While recognizing that many best practice examples for PPP legal frameworks exist on a national level or through international initiatives, there remains a gap in terms of practical guidance on critical components of PPP legal frameworks and how these can contribute to the preparation and implementation of PPPs that are more resilient to disasters and... Read More
[source: The Business Standard] The government is going to allow firms outside of the Export Processing Zone (EPZ) to pay their foreign employees in dollars. This has been a long-standing demand of companies and would make the revenue board better able to tax the foreigners. The approval will enable the export oriented non-EPZ companies to pay the foreign employees via... Read More
