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
Barcelona agree to pay a fine of 5.5 million euros to the Spanish authorities to settle a tax fraud case over the transfer of Brazil international Neymar in 2013.
Neymar could follow FC Barcelona fellow star Lionel Messi to court after Spanish prosecutors asked for the Brazilian striker to be tried over his murky multi-million-euro transfer to the Catalan giants.
Argentina football star Lionel Messi says he trusted his father with his finances and "knew nothing" about how his wealth was managed as he took the stand at his tax fraud trial.
With a plan to relieve big cities including Dhaka of the pressure of excessive population, Finance Minister AMA Muhith proposes to reduce withholding tax rates for real estate sector in the 2016-17 fiscal year budget.
The trial of Argentina and Barcelona footballer Lionel Messi on tax fraud charges is due to start in Spain.
In the last two months, two news stories on tax dodging of luxury cars came out in The Daily Star. One story talked about the cunning act of a tax dodger, and the other talks about an “unusual” person who has surrendered his Lexus car because he could not pay the tax that piled up over the years.
One of the founders of Mossack Fonseca, the law firm at the center of the explosive "Panama Papers" revelations on off-shore holdings, told AFP on Tuesday his company was hacked by servers abroad.
The Supreme Court upholds a wage board provision that instructs the owners of newspapers and news agencies to pay the income tax of their employees.
Is life in the world's nicest country all it's made out to be? Most of those surveyed, mainly Norwegians, said yes. But, for balance, here are some aspects of Norwegian life that don't tick everyone's boxes.
Neymar could be forced to leave Barcelona due to his ongoing tax fraud case, according to the Brazilian's father.
