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Microbus import tariff to be reduced
Finance Minister AHM Mustafa Kamal has proposed to reduce tariffs on microbus import to discourage the use of accident-prone vehicles like Nasimon and Karimon and to encourage the use of microbuses as an alternative public transport.
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Tax exemption for ‘Made in Bangladesh’ products
Finance Minister AHM Mustafa Kamal has proposed to promote the “Made in Bangladesh” brand to accelerate establishment of mega industries and production of import-substitute industrial goods in the country.
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Women-led SMEs to get tax cut for up to Tk 70 lakh annual turnover
The government will provide special incentives to women entrepreneurs in the SME sector from the next budget amid the economic fallout of the Covid-19 pandemic.
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Tk 266 crore allocation increased for agriculture, food security
The allocation for agriculture, food security and fisheries and livestock sector has been increased by 1 percent in the proposed budget of 2021-22 fiscal year from the previous year.
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Tax exemption for MFIs’ incomes
Finance Minister AHM Mustafa Kamal wants to withdraw taxes on incomes generated from microcredit distributed by the institutions registered under the NGO Affairs Bureau to extend the reach of microcredits for entrepreneurs.
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Budget 2021-22: GDP growth target 7.25%; inflation rate expected to be 5.3%
The government has targeted a 7.2 percent growth of gross domestic product (GDP) in the 2021-22 fiscal year.
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20.55 lakh tonnes of rice to be procured from local sources
Amid the growing concern on food security during the second wave of the Covid-19 pandemic, the government will buy 20.55 lakh tonnes of rice from local sources in the next fiscal year.
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TIN must for buying savings certificate over Tk 2 lakh
To buy savings certificate over Tk 2 lakh, an investor will have to submit tax identification number (TIN).
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Corporate tax reduced except for banks, tobacco and mobile operators
Finance Minister AHM Mustafa Kamal proposed to drop corporate tax of listed and non-listed companies by 2.5 percentage point except banks, merchant banks, tobacco companies, and mobile operators.
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How budget deficit of Tk 214,681 crore will be financed
The overall budget deficit for the fiscal year 2021-22 will be Tk 214,681 crore which is 35.5 percent of total budget.
