Budget 2014 15
100 economic zones to be set up in 15 years
The government has set an ambitious target of setting up 100 economic zones in the next 15 years, says the finance minister in his budget speech today.
Wage earners offered tax benefit
The government finally takes initiative to develop a bond market in the country.
Source tax withdrawn from bond, bills
The government finally takes initiative to develop a bond market in the country.
VAT exemption for local industries
The government proposes to withdraw value added tax (VAT) on a number of products and services to encourage local industries grow further.
Cheers for local manufacturers
The budget has brought good news to local manufacturers of medicines, steel and fabrics as the government cut duties on raw materials imports.
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Challenges aplenty
The size of the proposed budget is not unrealistic, but it has several challenges to tackle, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) said yesterday.
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Landlords to be fined 50pc of house rent
Landlords would have to pay half the rent in fine if they dodge taxes on the income.
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MCCI praises big allocation
A leading chamber yesterday praised the government's big allocation for infrastructure saying the implementation of some mega projects would improve the country's investment climate.
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BNP keeps mum on budget
BNP acting secretary general Mirza Fakhrul Islam Alamgir yesterday said the government had placed the budget for the next fiscal year in a bid to stay in power without people's mandate.
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7.3pc GDP target not achievable: CPD
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High tax for super rich
The super rich will face higher taxes in the next fiscal year as the government has proposed introducing two more slabs to impose higher surcharge for generating more revenue.
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Bane, boon for consumers
This year's budget brings some good news for people struggling to cope with their healthcare expenditures.
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