Bangladesh National Budget 2019-20
Prices up, prices down
Finance Minister AHM Mustafa Kamal proposes changes to duties on different products, which will result in increase and decrease in their prices.
13 June 2019, 11:41 AM
Tax office in every upazila
Finance Minister AHM Mustafa Kamal says tax offices will be set up in every upazila of the country.
13 June 2019, 11:39 AM
Kamal vows to raise tax-GDP ratio to 15pc in 2yrs
Finance Minister AHM Mustafa Kamal has vowed to raise the tax-GDP ratio to 15 percent in two years from present 10 percent, a move that needs a lot of efforts and investments from the government to achieve.
13 June 2019, 11:20 AM
Smartphone import to be costlier
Import of smartphones will be costlier as supplementary duty is proposed to be raised by two and half times to 25 per cent from its existing 10 per cent in the proposed budget.
13 June 2019, 11:16 AM
Govt employees under insurance coverage
The government will bring all of its employees under insurance coverage, says Finance Minister AHM Mustafa Kamal in his budget speech.
13 June 2019, 11:05 AM
Govt plans pension scheme for all
The budget for fiscal 2019-20 includes plan for pension for all. Pension for all employed citizens in both formal and informal sectors will be ensured gradually, says the budget proposal placed at parliament.
13 June 2019, 11:03 AM
15% tax on stock dividend, retained earnings
Fifteen per cent tax has been imposed on stock dividend distributed to the shareholders by any listed company in the proposed budget for fiscal 2019-20.
13 June 2019, 11:00 AM
10% supplementary duty on issuance of vehicle registration
Finance Minister AHM Mustafa Kamal proposed 10 per cent supplementary duty on issuance or renewal of all kinds of vehicles registration, route permit, fitness certificates, ownership certificate.
13 June 2019, 10:52 AM
Govt plans to modernise ACC to curb graft
Bangladesh government is planning to modernise the Anti-Corruption Commission (ACC) in order to curb corruption in the country.
13 June 2019, 10:52 AM
0.1pc surcharge for wealth over Tk 50cr
Finance Minister AHM Mustafa Kamal proposes that an individual taxpayer having a net wealth of Tk 50 crore or above shall pay higher of 0.1 per cent of net wealth or 30 per cent of his income tax payable as surcharge.
13 June 2019, 10:49 AM
2% incentive in remittance
The government proposes an incentive of two percent on money remitted by expatriate Bangladeshi to encourage bringing in foreign remittance through legal channels.
13 June 2019, 10:44 AM
Tax-free dividend ceiling to rise to Tk 50,000
Finance Minister AHM Mustafa Kamal proposes to rise tax-free dividend income to TK 50,000 which is now Tk 25,000.
13 June 2019, 10:43 AM
Spending in education to rise
The government proposes raising allocation in the education sector by 17 percent to Tk 61,118 crore in the budget for the next fiscal year compared to the revised allocation in the outgoing fiscal year.
13 June 2019, 10:38 AM
Tk 50cr for scientific research
The finance minister proposes allocation of Tk 50 crore for scientific research and development in the country.
13 June 2019, 10:36 AM
Investment amnesty proposed for black money
Bangladesh government is yet again giving scope to whiten black money, subjected to investment for the grooming of industrial sector.
13 June 2019, 10:32 AM
Finance minister unwell; PM presents remaining budget speech
As Finance Minister AHM Mustafa Kamal has been feeling unwell, Prime Minister Sheikh Hasina took on the task of presenting the remainder of the budget speech at the national parliament.
13 June 2019, 10:17 AM
No hike in income tax, plan to widen collection
With a plan to collect more tax, Finance Minister AHM Mustafa Kamal proposes not to increase the tax rate.
13 June 2019, 10:16 AM
Tk 100cr for people displaced by river erosion
Finance Minister AHM Mustafa Kamal proposes allocation of Tk 100 crore to facilitate rehabilitation of the people affected by river erosion.
13 June 2019, 10:00 AM
Mobile phone use cost to increase 5 per cent
Mobile phone users are going to face higher bills for usage as supplementary duty proposed to make double as 10 per cent from its existing 5 per cent in the proposed budget.
13 June 2019, 09:45 AM
Power, energy get Tk 28,051cr
Finance Minister AHM Mustafa Kamal proposes to allocate Tk 28,051 crore for the power and energy sector in the new fiscal year, up by 5.84 per cent from Tk 26,502 crore in 2018-19.
13 June 2019, 09:42 AM