Bangladesh

October 30 Tax Day

The government declared October 30 as Tax Day, setting a fixed deadline for individual taxpayers to submit their income tax returns for the year. Individuals will have to file returns on or before that date.
2 June 2016

BGMEA building must come down

The Supreme Court yesterday upheld a 2011 High Court verdict that ordered demolition of the 15-storey BGMEA building illegally built in the heart of Begunbari canal in the capital.
2 June 2016

Govt sets 7.2% GDP growth target

The government sets a target of 7.2 percent GDP growth for the next fiscal year, considering the positive results in private sector investment.
2 June 2016

Govt plans to introduce pension for pvt sector

The government is considering to implement an integrated government-run pension framework for self-employed and employees of private organisations.
2 June 2016

Internet communications equipment to cost less

Internet use through WiFi and Wimax will get some boost as the finance minister proposes to reduce import duty on these products.
2 June 2016

Obama writes to slain LGBT editor’s family

US President Barack Obama writes to the family of slain LGBT magazine editor Xulhaz Mannan and extends his condolences.
2 June 2016

Proposal to reduce withholding tax rates for real estate sector

With a plan to relieve big cities including Dhaka of the pressure of excessive population, Finance Minister AMA Muhith proposes to reduce withholding tax rates for real estate sector in the 2016-17 fiscal year budget.
2 June 2016

Govt to introduce Oct 30 as Tax Day

Finance Minister AMA Muhith proposes to set October 30 as the official ‘Tax Day’ changing it from September 30.
2 June 2016

Cash incentive for 16 export products

A cash incentive scheme has been proposed for 16 export goods in the budget for next fiscal to boost the demand for those goods in external markets.
2 June 2016

Bidi, cigarette prices to increase

The price of cigarette is set to go up as finance minister proposes tax measures to reduce the use of tobacco and maximise the revenue from this sector.
2 June 2016

No change in tax-exempted income threshold for individuals

The government has decided not to bring any change to seven tax rates, which include tax-exempted income-threshold for individual tax payers.
2 June 2016

Package VAT doubled for small traders

In face of protests from businessmen, the government has decided not to implement a flat VAT rate for small traders and instead almost doubled the package VAT.
2 June 2016

Govt backtracks on new VAT law

The government has backtracked on its move to implement the new VAT law from the start of the new fiscal year in the face of resistance from businesses, a section of revenue officials and inadequate preparation by the National Board of Revenue (NBR).
2 June 2016

SC upholds BGMEA building demolition order

Supreme Court upholds High Court ruling that ordered demolition of BGMEA building in Hatirjheel area of Dhaka.
2 June 2016

Muhith unveils national budget for FY 2016-17

Finance Minister AMA Muhith has been unveiling Tk 340,605 crore national budget for the fiscal year 2016-17 – what is around 29 percent bigger from the current fiscal year.
2 June 2016

US Congress launches probe into BB heist

A US congressional committee launches a probe into the Federal Reserve Bank of New York's handling of the cyber theft of $81 million from one of its accounts held by the central bank of Bangladesh, according to a letter seen by Reuters.
2 June 2016

Philippines cancels license of remittance firm after BB heist probe

Philippine central bank says it revoked the license of a remittance company that anti-money laundering investigators said was used to transfer some of the $81 million hackers looted from the Bangladesh central bank.
2 June 2016

‘Drug trader’ killed in Joypurhat ‘gunfight’

An alleged drug trader is killed in a reported gunfight with law enforcers in Panchbibi upazila of Joypurhat.
2 June 2016

Graft case: Court accepts Khaleda’s time petition

A Dhaka court adjourns the hearing of trial proceedings till June 23 in Zia Charitable Trust graft case filed against BNP Chairperson Khaleda Zia and eight others.
2 June 2016

3 brothers convicted

The war crimes tribunal yesterday convicted three brothers from Habiganj of crimes against humanity and handed down death penalty to one of them and jail until death to the others.
1 June 2016