Bangladesh National Budget FY2024-25
Tk 7,97,000 crore budget passed in parliament
The parliament today passed the Tk 7,97,000 crore national budget for the 2024-25 fiscal year with the aim of achieving 6.75 percent GDP growth rate and keeping annual inflation at around six percent
Whitening black money: 3 MPs slam govt for keeping the provision
Two ruling Awami League MPs and a Jatiya Party MP today in parliament criticised the government for keeping the provision of whitening the black money in the proposed budget for 2024-25 fiscal
JS passes over Tk 30,643.51cr supplementary budget for FY24
The parliament today passed the supplementary budget of Tk 30,643.51 crore for the fiscal 2023-24 to meet the increased expenditures under different ministries and divisions for the outgoing fiscal year ending June 30
What can we learn about universal health coverage from global experiences?
Allocation of resources to the health sector and proper utilisation of that allocation are crucial for achieving universal health coverage (UHC)
Govt measures will tame rising inflation
Finance Minister Abul Hassan Mahmood Ali yesterday expressed hope that the government would be able to curb high inflation on the back of budgetary measures and the central bank’s steps.
Tax exemption in FY25 rises to Tk 163,000cr
Tax exemptions provided by the National Board of Revenue (NBR) are estimated to rise to Tk 163,000 crore in fiscal 2024-25 as the tax administration looks to ease the pressure on individuals and facilitate higher economic growth.
No concrete steps to address inflation, low reserves: CPD
The proposed national budget for fiscal 2024-25 lacks concrete measures for addressing the current economic concerns, such as runaway inflation and depleting foreign exchange reserves, the Centre for Policy Dialogue (CPD) said yesterday.
Govt plans to impose capital gains tax on stock investors
They will face 15% tax if income crosses Tk 50 lakh
Surcharge structure unchanged
Currently, the rate of surcharge payable up to the net asset value of Tk 4 crore is nil
VAT on amusement parks may increase
Tour operator services, which include hotels and resorts as well as tour guides, may also no longer enjoy a 15 percent VAT exemption.
Govt withdraws VAT on laptops at import stage
The government has brought some changes in the duty structure for importing laptops in order to make the devices more affordable and bring relief to freelancers and students..The government plans to increase import duty of laptops from 5 percent to 10 percent and at the same time wants to
Shelled cashew nuts may get pricier
Finance Minister Abul Hassan Mahmood Ali today proposed imposing a 5 percent import duty and a 10 percent regulatory duty on shelled cashew nuts.
First Tk 3.5 lakh in income still tax free
Threshold increased for women, senior citizens, physically challenged persons, third gender, freedom fighters
Pay 15% tax to whiten black money
None will raise question if a taxpayer pays a 15 percent tax for immovable properties
Ice cream, soft drinks to get costlier
The government plans to raise supplementary duty by 5 percentage points
VAT on SIMs may go up by Tk 100
SD on SIM will be raised to 20% and VAT on eSIM will be increased to Tk 300 each