The interim government is likely to scrap the provision that allows black money to be legalised through the purchase of apartments and land in the next fiscal year (FY) 2025-26, amid criticism from civil society groups, think tanks and watchdogs.
NBR faces Tk 141,000 crore June target; analysts cite target impossible
The government proposes sharply increased commercial vehicle tax; operators warn of rising prices.
In a bid to accelerate the shift to cleaner transport and promote domestic manufacturing, the interim government plans to roll out a series of tax benefits focusing on electric vehicles, including electric bicycles (e-bikes), and lithium and graphene batteries.
The interim government’s proposal to raise the turnover tax from 0.6 percent to 1 percent from the next fiscal year has sparked an outcry among business leaders, who said the measure could deal a fresh blow to firms already struggling to stay afloat.
Tax rates on income will remain the same as in fiscal 2024-25
Per capita income is a statistical average, which tells us the size of the economic pie, but not how it’s divided.
The interim government is likely to retain the opportunity to invest undeclared wealth, commonly known as black money, in the real estate sector, albeit with a sharp increase in associated tax rates.
The interim government is likely to scrap the provision that allows black money to be legalised through the purchase of apartments and land in the next fiscal year (FY) 2025-26, amid criticism from civil society groups, think tanks and watchdogs.
NBR faces Tk 141,000 crore June target; analysts cite target impossible
The government proposes sharply increased commercial vehicle tax; operators warn of rising prices.
In a bid to accelerate the shift to cleaner transport and promote domestic manufacturing, the interim government plans to roll out a series of tax benefits focusing on electric vehicles, including electric bicycles (e-bikes), and lithium and graphene batteries.
The interim government’s proposal to raise the turnover tax from 0.6 percent to 1 percent from the next fiscal year has sparked an outcry among business leaders, who said the measure could deal a fresh blow to firms already struggling to stay afloat.
Tax rates on income will remain the same as in fiscal 2024-25
Per capita income is a statistical average, which tells us the size of the economic pie, but not how it’s divided.
The interim government is likely to retain the opportunity to invest undeclared wealth, commonly known as black money, in the real estate sector, albeit with a sharp increase in associated tax rates.
The interim government is set to introduce a wide range of tax and duty reforms in the upcoming fiscal year to facilitate the country’s smooth graduation from Least Developed Country (LDC) status and drive economic growth.
Exports and remittances are climbing, foreign exchange reserves have steadied, and the exchange rate has shown signs of stability
