Tech giants must submit income tax returns

Tech giants such as Google or Meta (Facebook) will have to submit income tax returns from next fiscal year.

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5% advance tax on gold import goes

Finance Minister AHM Kamal proposed it in his budget speech today.

"With a view to collecting expected revenue from non-residents in Bangladesh, I propose to withdraw the provision of exemption from submission of income tax return for those not having any permanent establishment in Bangladesh," he said.

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Education budget only 1.83% of GDP

He also proposed that the National Board of Revenue (NBR) formulate proper rules defining the scope and areas of income and exemption of non-residents to ensure proper collection of revenue from them.

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Textile sector’s 15% tax to stay

"Also, I propose to make presenting proof of submission of return a mandatory provision in cases where income arises to a person from Bangladesh through digital presence," he added.