17Nov
19Oct
Interim govt moves to access RCEP
Summary: The current interim government of Bangladesh kick-started to join the Regional Comprehensive Economic Partnership (RCEP). The government is increasing its efforts to seek membership of RCEP despite the previous government's failure. An assessment by the Bangladesh Trade and Tariff Commission (BTTC) states that joining the...
22Jun
Supplementary Duty and Regulatory Duty on Nearly 300 Items May Go
Summary: In the upcoming fiscal year, import duties on around 300 items might be combined in anticipation of Bangladesh becoming a middle-income nation, which requires tariff rationalization. Revenue Board officials have stated that the budget for the 2024–25 fiscal year will waive regulatory duties (RD) on...
22Jun
Bangladesh’s Trade with SAARC Countries Falls in FY23
Summary: Trade between Bangladesh and the South Asian Association for Regional Cooperation (SAARC) members is decreasing, both in terms of imports and exports. A Bangladesh Bank report released on 2nd June 2024 states that the SAARC members' total export revenue dropped by nearly 1%, from USD...
02Jun
Plan to restructure source tax rates to aid manufacturers, traders
Summary To give manufacturers and retailers some breathing room, the government is expected to lower the rates of tax deduction at source on the supply of raw materials to manufacturers and completed goods to shops in the upcoming fiscal year. Officials from the finance ministry who...
20May
SEMINAR ON CUSTOMS ACT 2023 & TAX ACT 2023
For 53 years, Bangladesh's trade has been navigated by the compass of a dated Customs Act. However, 2023 ushered in a paradigm shift with the enactment of the new Customs Act-2023, promising smoother sailing for businesses and a revitalized trade landscape. Let's delve into the...
20Apr
WEBINAR ON LEGAL CHALLENGES INVOLVING RENEWABLE ENERGY PROJECTS
Bangladesh has set an ambitious goal of generating more than 4,100 megawatts of electricity from renewable energy sources by 2030 as the county looks to cut greenhouse gas emissions significantly. Bangladesh's renewable energy sector is experiencing a surge, driven by both environmental concerns and the rising...
05Mar
Large companies are being advised by NBR to resolve their tax disputes using ADR
Summary The specialized unit for large taxpayers of the National Board of Revenue has recently advocated for alternative dispute resolution (ADR) as a means of resolving tax-related disputes for large corporations in the country. The unit has emphasized that opting for ADR can lead to a...
30Dec
The misuse of bonds has nearly halved in Bangladesh, resulting in savings of $1.45 billion during the period of July to September
Summary The government granted tax concessions of approximately Tk1 lakh crore on raw material imports under the bond facility in FY2022-23, resulting in a reduction worth $1.45 billion in the first quarter of the present financial year. During the first three months of the current fiscal...
30Oct