02Nov
19Oct
Payments for Vat returns go fully online Soon
Summary: NBR to launch the online VAT returns along with the VAT audit system to diminish hassle for businesses. Content: There was complete confusion and distaste going on regarding the Vat returns previously as payers had to suffer a lot in the government organizations to pay VAT. Considering the...
12Oct
High Court ordered in favor of the Writ Petition brought by the users of DBW
Summary: The automation facility brought by the NBR is to maintain the status quo, as ruled by the High Court in the writ petitions filed by different warehouses. Content: The National Board of Revenue (NBR) has brought a diplomatic bonded warehouse (DBW) facility under the automated system in...
02Sep
Banks to submit monthly VAT info of non-resident taxpayers
Summary: In line with the decision of the NBR, the central bank has issued a notification to the scheduled banks to send the statements of Value-added Tax through the bank’s head offices within seven days of the following months. Content: As per the current mandatory requirement for any...
02Aug
Government publishes first-ever policy on Pharma-ingredient Makers
Summary: The tax authorities have recently made a move to offer tax holidays to the manufacturers of Active Pharmaceutical Ingredient (API) and laboratory reagent in line with the national API policy. Although, the tenure of the facility is yet to be decided. Content: API is the...
06Jul
NGO-MFIs to raise BDT 16.5bn from capital market
Summary: For the first time, BSEC permitted non-governmental organizations (NGOs) are out in the market to raise funds by issuing bonds. These NGOs are renowned microfinance institution-BRAC, Buro Bangladesh and Sajida Foundation. Content: The three leading NGOs in the country applied altogether for 16.5 bn by issuing bonds...
23Jun
21 Insurance companies yet to be enlisted as per BSEC
Summary: Bangladesh Securities Zone and Exchange Commission has urged 26 Insurance companies to get enlisted in the capital market among which 21 companies are still pending to be enlisted. Despite providing exemptions from the barriers of the security rules, there are certain conditions that the companies...
03Jun
Tax waiver planned to encourage ‘Made in Bangladesh’
Summary: The government is looking to increase dependency on the country's products by encouraging manufacturing. To help the entrepreneurs, the Finance Minister would announce the tax and Vat waiver in the June budget session. Content: It’s all on the probabilities. The vat exemption may be stretched for electronic...
10Mar
Bangladesh’s Progress to be a New Economic Leader in South Asia
Summary: Bangladesh achieved an economic landmark last week when the United Nations Committee for Development Policy (CDP) recommended that the country graduate from the least-developed-country categorization that it held for the 50 years since its independence. Consequently, the Wall Street Journal (WSJ) has admired Bangladesh for...
14Sep