Bangladesh’s banking sector is facing a severe crisis of confidence, marked by liquidity shortages, delayed deposit repayments, restrictions on encashing matured deposit pension scheme (DPS) and fixed deposit receipt (FDR) accounts, and forced reinvestment

no provision was included for the extension of tax return submissions after the expiration of the set timeframe

The new Income Tax Act, 2023 was passed in parliament last week, and it is going to create quite a stir in the coming days.