The recent VAT hike on clothing in Bangladesh strains businesses, consumers, and designers, especially with Eid approaching. Alternative measures like taxing luxury items or offering subsidies could have balanced revenue generation and economic sustainability more effectively.
Stocks soared yesterday as investors cheered the substantial cut in capital gains tax by the National Board of Revenue (NBR) to encourage big local and foreign investors.
Prior to the rate cut, taxpayers had to pay 30 percent tax on the capital gains over Tk 50 lakh if the gains are realised in five years at any time of a year.
Dirty toilets, too much crowd, inadequate space, lack of privacy, and lack of water and soap in the toilets were cited as the top reasons for menstruating girls missing schools.
If someone receives a gift, they will have to show it in their income tax return at the end of the year. At the same time, the person who gives the present will also have to inform it in their income tax return.
Bank defaulters or tax evaders receive a number of amnesty and benefits for whitening black money.
The tax measures unveiled yesterday for 2024-25 are not going to provide any relief to taxpayers.
But companies must go cashless
Tk 5,000 for those under Dhaka, Chattogram city corporations
Neymar, Barcelona and Santos will stand trial on fraud and corruption charges over the transfer of the Brazilian forward after their appeals were turned down by Spain's High Court on Monday.
A local court in Karachi on Tuesday issued arrest warrants against former star cricketer Wasim Akram, after he failed to appear before the court during last 31 hearings of a case, it has been learnt.
Cristiano Ronaldo declared income of over 225 million euros in 2015, including 20 million euros held in 22 Swiss bank accounts, a Spanish newspaper reported Sunday as the Real Madrid star battles accusations of tax evasion.
Cristiano Ronaldo published his financial records on Thursday which showed the Real Madrid star declared income of more than 225 million euros in 2015 as he battled accusations of tax evasion.
A Spanish corruption case surrounding Neymar's transfer from Santos to Barcelona in 2013 is certain to influence the Brazil forward's form, national team coach Tite said on Monday.
Spanish prosecutors have recommended that Cameroonian football great Samuel Eto'o be handed a 10-year jail sentence and
The prospect of Barcelona superstar Neymar standing trial moved closer Monday as a Madrid judge accepted an appeal by prosecutors for corruption charges to be brought against the Brazilian, a court filing said.
Qatar's international airport is to charge passengers an exit tax as the energy-reliant emirate adjusts to falling oil prices.
Barcelona have launched a campaign in support of Lionel Messi and his father Jorge after the Argentine pair were sentenced to prison terms this week over tax fraud.
Barcelona vow to support Lionel Messi following his decision to appeal against the 21-month jail sentence handed down to him by a Spanish court after being found guilty of fiscal fraud and believe the verdict is "an attack on his person".
