Gas price raised by Tk 175 per burner Holiday Report Gas price hike by 32.80 percent hit the nation no sooner the new budget for 2019-20 comes into effect on July 1. The announcement by the government said households will have to pay Tk 175 more for gas from this month. The move has been […]
Business
Industry leaders resent gas price hike as a big blow to business
Holiday Report Leaders of different export oriented industries like BGMEA, BKMEA and many others have slammed the large scale gas price hike on Sunday — the day the new budget came into effect without any hints od such step in the budget. “The hike will increase production cost manifold and decrease their competitiveness in the […]
Singapore keen to build bay-terminal in Ctg port
BSSSingapore has expressed its interest to build a bay-terminal at Chattogram Port. Singaporean High Commissioner in Dhaka Derek Loh came up with the interest when he met State Minister for Shipping Khalid Mahmud Chowdhury at his secretariat office here last week. . They discussed issues related to mutual interest and employment opportunities for Bangladeshi seafarers […]
Capital Machinery Imports: Govt backtracks on slapping advance tax
Tk 5,23,190cr budget passed in JS Staff Correspondent Entrepreneurs will not be required to pay Advance Tax on import https://www.weeklyholiday.net/files/index_php/category/business/page/of capital machinery and spare parts this fiscal year, as the government has backtracked on its move to levy the indirect tax on such import to facilitate industrialisation. in the proposed budget for fiscal 2019-20, the […]
VAT, SD exempted on import of sanitary napkin, diaper raw materials
Holiday Report The National Board of Revenue (NBR) has exempted Value Added Tax (VAT) and supplementary duty on the import https://www.weeklyholiday.net/files/index_php/category/business/page/of raw materials of sanitary napkin and diaper to encourage domestic production at low cost of the two hygiene products for women and babies. “we have offered the benefit to make the products more affordable […]
Parliament passed budget in voice vote without major change
Holiday Report Parliament on June 30th passed the national budget for 2019-20 at a cost of Tk 5,23,190 crore which is 18 percent higher than the revised outlay for the outgoing fiscal year. Finance Minister AHM Kamal placed the Appropriations Bill 2019, seeking a budgetary allocation of Tk 6,42,478.27 crore which was unanimously passed by […]
FIRST EVER GOLD FAIR HELD IN CITY
Govt begged Tk 175 cr as traders legalized illegal gold Holiday Report Gold jewelers paid over Tk 175 crore in tax to legalise undeclared gold stock in their possession including diamond and silver at the three-day gold fair that ended in a city hotel on Tuesday last. The fair, first ever held in the country […]
SCRAP THE NEW PROVISION
Don’t allow outsiders to act as tax practitioners Holiday Report A new provision in the Finance Bill -2019 allowing professionals to be tax practitioners without becoming member of professional tax associations, has created outrage among tax lawyers in the capital and the districts. They are holding sit in demonstration in front of NBR office in […]
15pc tax on retained earnings in stock market may go
Holiday Report Government is working to withdraw the 15 percent proposed tax in the budget of 2019-20 on retained earnings of a company in the wake of protest by companies holding big chunk of shares in the stock market. Salman F Rahman, Prime minister’s adviser on private sector development made the disclosure on Monday last […]
Trade licence renewal tax to be up six times
Small, micro businesses oppose Business Report The tax on trade licence renewal is set to increase six times from next fiscal year, raising concerns of soaring operational costs for small and micro businesses. For traders in Dhaka and Chattogram city corporations the National Board of Revenue (NBR) has proposed increasing the withholding tax to Tk […]
