At present, taxpayers show their undisclosed assets in their tax returns through investment in apartments, buildings and economic zones and high-tech parks.
The WB measured VAT losses based on an analysis of the VAT gap -- an estimate of the overall difference between theoretical VAT revenue and the amount actually collected.
The World Bank is looking to issue up to $1 billion in a debut hybrid note on capital markets this year, a senior executive told Reuters
The recently updated Income Tax Act (2023) is an opportunity to increase income tax collection by expanding the tax base through improved compliance and tax services, it said in its Bangladesh Development Update report
Finance Minister Abul Hassan Mahmood Ali said about World Bank's emphasis on reforms
Bangladesh is poised to become one of the fastest growing economies in Asia, according to a WB report
The World Bank has forecasted a slow economic growth for Bangladesh because of factors like inflation
The World Bank Wednesday released $250 million to support bankrupt Sri Lanka's tough economic reforms
With major indicators showing stress in the economy, there is no good news in the investment flow too as investors now prefer to stay away from taking new projects or expanding their existing capacity.
At present, taxpayers show their undisclosed assets in their tax returns through investment in apartments, buildings and economic zones and high-tech parks.
The WB measured VAT losses based on an analysis of the VAT gap -- an estimate of the overall difference between theoretical VAT revenue and the amount actually collected.
The World Bank is looking to issue up to $1 billion in a debut hybrid note on capital markets this year, a senior executive told Reuters
The recently updated Income Tax Act (2023) is an opportunity to increase income tax collection by expanding the tax base through improved compliance and tax services, it said in its Bangladesh Development Update report
Finance Minister Abul Hassan Mahmood Ali said about World Bank's emphasis on reforms
Bangladesh is poised to become one of the fastest growing economies in Asia, according to a WB report
The World Bank has forecasted a slow economic growth for Bangladesh because of factors like inflation
The World Bank Wednesday released $250 million to support bankrupt Sri Lanka's tough economic reforms
With major indicators showing stress in the economy, there is no good news in the investment flow too as investors now prefer to stay away from taking new projects or expanding their existing capacity.
The World Bank has revised down its growth forecast for fiscal 2023-24 to 5.6 percent as the Bangladesh economy is expected to remain stressed throughout the year thanks to persistent inflationary pressures and external sector challenges.