BAPA warns of protests over VAT, gas price hikes
The Bangladesh Agro Processors Association has called on the government to withdraw the increased VAT and taxes on processed food products and cancel the proposed gas price hike within seven days...
Tags : Vat
Bangladesh鈥檚 VAT conundrum
The recent decision of the interim government to expand the VAT net and hike VAT rates at the behest of the International Monetary Fund has justifiably attracted harsh criticisms from all quarters. This is the worst decision of the interim government since its inception following the overthrow of the autocratic regime of Sheikh Hasina and is hence bound...
LPG price hiked after VAT structure change
The price of liquefied petroleum gas has been slightly raised following a change in the structure of the value-added tax by the National Board of Revenue, according to the Bangladesh Energy Regulatory Commission...
Left leaning students march towards CA office demanding VAT rollback
The Democratic Student Alliance, a combine of seven student wings of left leaning political parties, on Tuesday held a protest march towards the chief adviser鈥檚 office, pressing for a five-point demand, including the withdrawal of the Value Added Tax recently imposed on over 100 commodities...
Left parties call for VAT, SD rollback
Leaders of the Communist Party of Bangladesh and Socialist Party of Bangladesh on Monday at separate rallies in Dhaka called on the interim government to refrain from imposing increased value-added tax and supplementary duty on more than 100 commodities...
FICCI expresses concern over VAT, SD hike
The Foreign Investors鈥� Chambers of Commerce and Industry has expressed deep concern over the recent decision to increase VAT and supplementary duty on a range of products without prior consultation with key stakeholders...
Short-sighted policy on VAT, tax
THE increase in taxes on more than a hundred products has sparked widespread concern among the public. At a time when inflation is soaring and economic conditions are worsening, the increase has further strained the financial capability of ordinary citizens. This increase, which predominantly affects essential goods and services, will undoubtedly...
Consumers Association of Bangladesh demands withdrawal of VAT, SD
The Consumers Association of Bangladesh has urged the government to withdraw its recent decision to increase VAT and supplementary duties on over 100 essential goods and services, citing its potential to exacerbate inflation and intensify public suffering...
Consumers stage demo protesting at VAT hike on mobile, internet services
The Bangladesh Mobile Phone Consumers Association during a demonstration on Sunday said that the telecommunications sector would face severe crisis with imposition of new tariffs on mobile phone calls and internet services...
Political parties, platform for VAT rollback, TCB truck sale resumption
Different political parties, including Bangladesh Nationalist Party and Nagarik Oikya, and a political platform on Saturday demanded that the interim government refrain from imposing increased value-added tax and...
VAT, duty hike聽amid soaring inflation decried
Economists and a consumer rights body have criticised the rise in the value-added tax and supplementary duty on more than 100 products and services midway of the current financial year, saying...
Restaurant owners to go on strike if govt doesn鈥檛 reconsider increasing VAT
Bangladesh Restaurant Owners Association has threatened that they will go on strike unless the government reconsiders its plan to increase Value Added Tax on hotels and restaurants...
Pope Francis names first woman to head a major Vatican office
Pope Francis on Monday named the first woman to head a major Vatican office, appointing an Italian nun, Sister Simona Brambilla, to become prefect of the department responsible for all the Catholic Church鈥檚 religious orders.
VAT ON METRO RAIL TICKETS: NBR extends exemption period
The National Board of Revenue on Monday has extended the exemption period of the value added tax on metro rail tickets for one more year...
Pvt sector credit growth plunges to 7.66pc
Private sector credit growth in Bangladesh fell sharply to 7.66 per cent in November, the lowest in 41 months, intensifying challenges in the banking sector and the broader economy...
Ctg expressway renamed after July uprising martyr Wasim
The Chattogram Elevated Expressway has been renamed after Wasim Akram, the first martyr of the July-August uprising in Chattogram, to preserve the memory of his sacrifice for future generations....
VAT on 43 products, services聽to go up
The interim government has taken moves to increase value-added tax on 43 products and services such as clothes, restaurant bills, liquefied petroleum gas, air tickets, detergents and cigarette, which are feared to push up living costs further.
Dhaka Elevated Expressway: Protest continues for cancellation of Tejgaon-Plassey segment
Speakers, including local residents and environmentalists, on Friday continue to hold protest, demanding the cancellation of the Dhaka Elevated Expressway segment from Tejgaon to Plassey Crossing via Panthakunja Park and Hatirjheel Lake.
Saving Panthakunja park, Hatirjheel lake, trees: Protesters continue sit-in for 10 days
Protesters have been staging a 24-hour sit-in at Panthakunja Park in Dhaka鈥檚 Banglamotor area for 10 consecutive days, demanding the cancellation of the Dhaka Elevated Expressway segment from...
Cancellation of lease of parks, playgrounds demanded
Twenty-four environmental organisations on Thursday formed a human chain, demanding the North City Corporation cancel leases of parks and playgrounds to protect citizens鈥� rights...
Govt exempts edible oils from taxes, VAT until March 31
The government has exempted all edible oils including canola and sunflower oil from duty, tax and VAT until March 31, 2025, aiming to increase market supply...
Online VAT services to remain suspended for 96 hours: NBR
The National Board of Revenue on Sunday announced that all online VAT services, including Integrated VAT Administration System, will be unavailable for 96 hours due to a network migration...
Protection of parks from elevated expressway demanded
Urban planners and environmental activists at a human chain protested the construction of the Dhaka Elevated Expressway segment from Karwanbazar to Plassey Crossing, citing the destruction of Panthakunja Park and Hatirjheel lake in the capital...
VAT on machinery for ship-recycling yards exempted
The government has exempted VAT, including advance tax, on importing capital machinery for ship-recycling yards to promote environmentally sustainable practices in line with global standards...
Finance adviser hints at end to tax break
Finance adviser Salehuddin Ahmed on Tuesday said that the tax exception culture enjoyed by industries over the years was due largely to low domestic revenue generation...
Defence research centre, navy ships in Syria destroyed in overnight strikes
A defence ministry research centre in northern Damascus was destroyed and about 10 navy ships were damaged in coastal Latakia in overnight strikes attributed to Israel by a Syria war monitor.
Taposh shown arrested for grabbing Gaan Bangla TV
A Dhaka court on Monday showed Kaushik Hossain Taposh arrested in a case lodged for allegedly grabbing private Gaan Bangla television...
Pvt sector credit growth hits 41-month low
Private sector credit growth in Bangladesh dropped in October to 8.30 per cent, the lowest in 41 months, reflecting deepening challenges in the banking sector and the broader economy...
Govt to try to introduce single rate VAT system: NBR chair
National Board of Revenue chairman Md Abdur Rahman Khan on Monday said that the government would try to introduce single rate VAT system in the country in a bid to reduce leakage in revenue collection...
Lack of awareness to cost farmers this season
Rajshahi farmers are set to face financial losses this year as they are applying three times more fertiliser than what is required due to lack of government initiatives to make people aware of the proper application of fertilisers...
