Bangladesh has always battled and progressed through crises. But what future awaits us?
Using a tax simulation model, we assessed the expected impact of the tax and price increases on cigarette consumption, tax revenues, and health outcomes and compared it with current budget proposals.
It is not clear how the money needed to implement this ambitious budget will be sourced.
The man eager to pay back his debt is becoming a rarity. Yet, he represents the hardworking, honest Bangladesh that can bring real change to the system.
The measures taken in the proposed budget for the next fiscal year have failed to address the most difficult challenge of containing inflation, and as a result, the suffering of common people will increase further, the Centre for Policy Dialogue (CPD) said yesterday.
Finance Minister AHM Mustafa Kamal yesterday said that though he is worried about the elevated level of consumer prices, the situation is still under the government’s control.
The new budget has not displayed cognisance of the need for post-pandemic recovery and remedial actions.
Self-contradictory is what best describes Finance Minister AHM Mustafa Kamal’s fifth budget, and the last of the Awami League-led government’s current term.
There is not much in it to make us feel better in terms of its focus and measures.
Individuals who are required to submit income tax returns to avail of various government services will have to pay a minimum tax of Tk 2,000 even if they do not have taxable incomes.
As the cost of living continues to rise, it has becoming increasingly challenging for the middle class to maintain financial stability.
The budgetary allocation to the Ministry of Science and Technology may decline by Tk 3,007 crore or 22 per cent to Tk 13,607 crore in the proposed budget for 2023-24 fiscal year.
The total budget for Election Commission increased by Tk 868 crore in the election year.
Finance Minister AHM Mustafa Kamal today proposed formulating rules for authorising tax return preparers (TRPs) in Bangladesh with a view to expanding the tax net by adding more individual taxpayers.
Finance Minister AHM Mustafa Kamal unveils a proposed budget of Tk 761,785 crore for the 2023–24 fiscal year in the national parliament today.
The government wants to keep the corporate tax rates unchanged for all sectors for the fiscal year 2023-24, said Finance Minister AHM Mustafa Kamal today.
Owners of more than one car will face an environmental protection surcharge from 2023-24 as the government looks to discourage the use of vehicles in a bid to curb environmental pollution.
Domestic air travellers will face a travel tax for the first time from 2023-24, while people going abroad will pay up to 67 percent higher taxes.
Finance Minister AHM Mustafa Kamal today proposed increasing the tax-free income limit to Tk 3.5 lakh from the existing Tk 3 lakh for individual taxpayers for 2023-24 fiscal year.
