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Tags : Vat


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Private univ law needs to be changed

THE Private University Act 1992 was amended in 2010 to make it contemporary. None of the 53 sections of the amended law has a single word on academic and intellectual freedom in higher education or the university’s autonomy. Rather, various sections have been made to keep universities under the strict surveillance of the University Grants Commission through...

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Bangladesh Bank dissolves boards of 3 more private banks

The Bangladesh Bank on Wednesday reconstituted boards of directors of three more private commercial banks, extending its restructuring efforts in the banking sector following the political transition on August 5...

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Pvt sector credit growth plunges

Private sector credit growth in Bangladesh fell sharply to 7.15 per cent in January, deepening challenges in the banking sector and the broader economy...

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RSO member stabbed to death in Rohingya camp in Ukhiya

A member of the Rohingya Solidarity Organisation was stabbed to death allegedly by the members of their rival organisation, Arakan Rohingya Salvation Army, at Block M in the camp-20 under Ukhiya upazila in Cox’s Bazar Tuesday night...

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NBR exempts VAT on several essentials

The National Board of Revenue has exempted value added tax on several essential items to keep commodity prices stable during the holy month of Ramadan.

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NBR clarifies instructions on VAT cut on supershop purchases

The National Board of Revenue, in an instruction issued on Tuesday, clarified that supershops selling goods at the maximum retail price cannot charge an additional value added tax from their customers as the VAT will be included in the retail prices or MRP...

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Dhaka traffic: causes, effects and solution

DHAKA is not just the country’s economic and administrative hub but also one of the most densely populated cities in the world. Unfortunately, one of its most persistent and frustrating problems is severe traffic congestion, which affects millions of residents daily. With a population exceeding 20 million and a road infrastructure woefully inadequate for such a large...

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Urgent fix needed for economic woes

Dr Fahmida Khatun expressed her disappointment over the decision to increase the Value Added Tax (VAT) rate and impose additional supplementary duties on more than 100 products by the interim government, just six months after it assumed power following the fall of the Awami League regime, which crumbled like ninepins in the face of a mass uprising in August last year...

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NBR expands VAT net by 26pc in Aug-Jan

National Board of Revenue has achieved a 26 per cent growth in new VAT registrations over the past six months, from August 2024 to January 2025, according to a press statement by the NBR...

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Dhaka Chamber demands a simplified Tax, VAT system

Dhaka Chamber of Commerce and Industry (DCCI) President Taskeen Ahmed stressed the need for simplifying the tax and VAT system, also simplifying the system according to the size, nature, and capacity of the businesses by removing complexity and bottlenecks in the import-export procedures and fixing a realistic VAT rate...

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Green steel plant built under JICA fund

An environment friendly steel plant of Bangladesh Steel Re-Rolling Mills Limited was built in Chattogram under the Private Sector Investment Finance scheme of Japan International Cooperation Agency...

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VAT increase: burden on middle class

A SIMPLE trip to the grocery store feels like a budgeting nightmare for the middle class. The recent increase in value-added tax and supplementary duty on over 100 items has triggered frustration and raised questions about whether the government is balancing its books at the expense of ordinary citizens...

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CPD for closing sick banks, FID

The Centre for Policy Dialogue on Wednesday suggested closing down the private commercial banks which are now under life support and the finance ministry’s Financial Institutions Division for the division’s ‘dubious’ role in the financial sector...