2017-18 National Budget
Corporate tax remains unchanged in FY 17-18
Finance Minister AMA Muhith proposed to keep unchanged the existing tax rate for publicly traded companies at 25 percent and for non-publicly traded companies at 35 percent.
1 June 2017, 10:44 AM
Regular taxpayers ‘Kor Bahadurs’
Taxpayers who are paying back to the government coffer for a long time will be recognised as ‘Kor Bahadurs’ – meaning champions of tax, Finance Minister AMA Muhith proposes.
1 June 2017, 10:41 AM
Mobile handsets to be costlier
Mobile handsets device purchasing cost will increase in the next fiscal 2017-18 as Finance Minister AMA Muhith proposes to hike the customer duty of mobile handsets importing to 10 percent from existing 5 percent.
1 June 2017, 10:34 AM
Budget 2017-18 in pie charts
Find the pie charts for the national budget for fiscal year 2017-18 that the Finance Minister AMA Muhith has placed in the parliament.
1 June 2017, 10:26 AM
Budget 2017-18: Incentive planned for leather industry
The leather industry, the second largest export segment of Bangladesh, will be receiving incentives from the government, as proposed in the budget for 2017-18.
1 June 2017, 10:20 AM
Budget won’t protect poor: CPB
Communist Party of Bangladesh in an instant reaction rejects the proposed national budget for FY 2017-18 and says it will not protect the poor people’s interest.
1 June 2017, 10:15 AM
Prices up, prices down
Finance Minister AMA Muhith proposes changes to duties on different products, which will result in increase and decrease in their prices.
1 June 2017, 10:02 AM
Govt continues to encourage LPG use
The government is continuing its walk in the path of encouraging use of bottled liquefied petroleum gas (LPG) in households by reducing its pricing further.
1 June 2017, 09:48 AM
Double budget allocation in ICT
Finance Minister AMA Muhith proposes to double the allocation in Information and Communication Technology Division for helping the digitalisation process.
1 June 2017, 09:44 AM
E-cigarette to cost more, much more
Popular choice among youths as an alternative to sticks, e-cigarettes will be costing much higher than it is now, the proposed budget for 2017-18 says.
1 June 2017, 09:29 AM
Tax-exempted income threshold for individuals stays at Tk 2.50 lakh
Finance Minister AMA Muhith, in his finance bill, proposes to keep unchanged the tax-exempted income-threshold for individual tax payers at Tk 2.50 lakh.
1 June 2017, 09:28 AM
VAT-free turnover limit to be Tk 36 lakh
Finance Minister AMA Muhith proposes to increase the VAT-free turnover ceiling to Tk 36 lakh from Tk 30 lakh in the ‘VAT and Supplementary Duty Act 2012’, which is scheduled to be implemented from July 1.
1 June 2017, 09:26 AM
Budget 2017-18: Green RMG factories to get tax benefits
Ready-made garment factories with internationally-recognised green standards will enjoy tax benefit, Finance Minister AMA Muhith proposes in the budget.
1 June 2017, 09:24 AM
Muhith seeks to double excise duty on airline tickets
Finance Minister AMA Muhith proposes Tk 2,000 excise duty on airline tickets instead of existing Tk 1,000 for travel to any Asian countries except the Saarc countries.
1 June 2017, 09:16 AM
Budget 2017-18: Keeping money in bank to cost more
Finance Minister AMA Muhith proposes to increase the excise duty on bank accounts with large debit or credit balance in the fiscal 2017-18 to boost revenue collection.
1 June 2017, 09:12 AM
Uniform VAT to be 15%
Finance Minister AMA Muhith proposes that the uniform VAT will be 15 percent in the fiscal 2017-18.
1 June 2017, 08:53 AM
Social security net widened
Finance Minister AMA Muhith proposes a wider social security net for the protection of the poor in his Tk 4,00,226 crore budget for the fiscal 2017-18.
1 June 2017, 08:43 AM
Budget 2017-18: Gross investment in power and energy
The government seems to be really pushing for the development of power and energy sector with a gross increase of allocation in this sector for the next fiscal.
Tk 21,118 crore has been slated for the power and energy sector, Finance Minister AMA Muhith says as he is unveiling a mega budget of Tk 4,00,226 crore for the Fiscal 2017-18.
1 June 2017, 08:31 AM
Nat’l highway to get 4 lanes with separate way for slow vehicles
The government is to upgrade 373Km of the national highways to four lanes with a provision for separate service lanes for slow moving vehicles in FY 2017-18.
1 June 2017, 08:16 AM
Budget 2017-18: Education gets a boost
Finance Minister AMA Muhith proposes for an allocation of Tk 50,432 crore in the budget for 2017-18 fiscal for education, which is 12.6 percent of the total budget size.
1 June 2017, 08:07 AM