Bangladesh Budget 2018-19

Corporate tax hiked for RMG units

Corporate tax for the readymade garments units will be hiked to 15 per cent, what Finance Minister AMA Muhith proposes in his budget for fiscal 2018-19.
7 June 2018, 08:48 AM

Tk 300cr to fight earthquake

Finance Minister AMA Muhith proposes to keep a block allocation of Tk 300 crores for managing risks arising out of earthquake.
7 June 2018, 08:38 AM

Electronic Fiscal Devices to be mandatory to avoid VAT evasion

Resorts, hotels and businesses will have to use electronic fiscal devices (EFD) from the next fiscal year -- a move the revenue authorities have taken to combat value-added tax evasion.
7 June 2018, 08:28 AM

Muhith sets record placing 10 consecutive budgets

Finance Minister AMA Muhith becomes the first finance minister in Bangladesh history to present 10 consecutive national budgets.
7 June 2018, 08:17 AM

Duty on imported rice re-imposed to protect farmers

Finance Minister AMA Muhith today proposes to re-impose 25 per cent customs duty and 3 per cent regulatory duty on rice imports to protect the farmers as the country got a bumper paddy production in the boro season.
7 June 2018, 08:03 AM

20% of total budget for children by 2020: Muhith

Finance Minister AMA Muhith sets a goal to allocate 20 percent of total budget for children by 2020 as part of mainstreaming children development in the national planning and budgeting.
7 June 2018, 07:27 AM

Cosmetics, toiletries to get costlier

Fresh duty schemes have been drawn up on cosmetics and toiletries items, which is expected to push the prices of such items higher.
7 June 2018, 07:17 AM

Govt sets 7.8% GDP growth target, inflation drops to 5.6pc

The government has set a target of 7.8 per cent GDP growth for the next fiscal year.
7 June 2018, 07:14 AM

VAT on e-commerce, online shopping to get pricier

This is a repeated attempt of Finance Minister AMA Muhith to impose VAT on e-commerce business on the platform’s rising popularity for its convenience.
7 June 2018, 07:12 AM

Govt opts to go green, slaps duty on polythene

Finance Minister AMA Muhith has opted to go green and discourage people from using polythene products and poly-packaging.
7 June 2018, 07:06 AM

Muhith unveils Tk 4,64,573cr budget for FY19 setting 7.8pc growth target

​Finance Minister Abul Maal Abdul Muhith rolls out a Tk 4,64,573 crore national budget for fiscal year 2018-19 setting the GDP growth target at 7.8 percent and outlining a set of plans-strategies to build a prosperous, happy and peaceful country.
7 June 2018, 06:58 AM

Muhith’s post-budget press conference tomorrow

Finance Minister Abul Maal Abdul Muhith will address a post budget press briefing tomorrow, according to a finance ministry press release.
7 June 2018, 06:43 AM

Tax policies should be consistent

The boom in the manufacturing sector, especially in the developing countries has been a boon to the GDP growth of many traditionally consumer-oriented economies.
6 June 2018, 18:00 PM

Creating fiscal space to finance development

Bangladesh should be justifiably proud of its development achievements and this progress accelerated over the past decade.
6 June 2018, 18:00 PM

Tenth, toughest

As we understand, budgets are drawn up to prioritise where to spend money and how to do it. It is also about how to collect that money. The end result would be growth, prosperity and a people better equipped to face the tomorrow.
6 June 2018, 18:00 PM

Budget aims to please all

With the national elections only months away, Finance Minister AMA Muhith places the budget tomorrow for a record 10th consecutive time, aiming to please people from all segments of society.
5 June 2018, 18:00 PM

Budget Expectations

Job creation has become imperative given the rising unemployment among graduates and a sizeable young demographic. But those who are supposed to create the much-needed jobs, the business community, finds a quick survey by The Daily Star to gauge the expectations of the business community from the budget for fiscal 2018-19.
1 June 2018, 18:00 PM

3-wheelers to be taxed: NBR in pre-budget talks

CNG-driven auto-rickshaws and other engine or battery-driven three-wheelers will be brought under the tax scheme in the upcoming budget, National Board of Revenue (NBR) says.
19 April 2018, 06:32 AM

Telcos seek duty benefit for 4G handsets

Mobile phone operators yesterday sought duty benefits for the import of 4G-enabled handsets, which would help in reducing cost of such devices
16 April 2018, 18:00 PM