NBR imposes 20pc RD on rice bran oil exports
The National Board of Revenue imposed a 20 per cent regulatory duty on the export of rice bran oil from Bangladesh...
Tags : duty
Bond facility for partial exporters soon
The government is set to introduce a temporary duty-free bond facility for partial exporters against bank guarantees to enhance export earnings and promote diversification...
Raising duty on infant food ingredient likely to encourage imports
The steep 200 per cent hike in customs duty on the import of malt extract 鈥� used for food preparations for infants and children 鈥� would allegedly provide a competitive advantage for importers, affecting local producers.
Regressive reality of聽VAT
DESPITE having several sources of revenue and a dual system of tax collection (direct-indirect), the majority of tax revenue is collected through indirect tax, called value-added tax, regulated聽by the Value Added Tax and Supplementary Duty Act 2012. The income tax, which is governed by the Income Tax Ordinance of 1984, includes corporate taxes, taxes...
Plastic exporters for 1pc duty on machinery imports
The plastic goods manufacturers and exporters of the country demanded a reduction in import duty to 1 per cent in the proposed budget for importing machinery, parts, and raw materials...
2 HC judges kept off duty for one more month
Chief justice Syed Refaat Ahmed has extended by a month the leave of High Court judges Md Ashraful Kamal and Md Badruzzaman, who face separate allegations...
1pc customs duty set on raw materials import for e-bikes
The government has taken a step in the green technology-based transportation, electric vehicle and lithium battery industry in Bangladesh...
Excise duty exemption on deposits raised to Tk聽3 lakh
The government has proposed raising the excise duty exemption limit on bank deposits from Tk聽1 lakh to Tk聽3 lakh for the 2024-25 fiscal year.
NBR wants to ease business process for compliant taxpayers
The National Board of Revenue (NBR) is contemplating the introduction of a more simplified process for compliant import duty and tax payers to import the goods they need, helping them to do business more easily...
DUTY WAIVER: BTMA seeks US council help
The country鈥檚 textile millers sought support from National Cotton Council of America to facilitate duty waiver negotiations with relevant United States government offices and to assist in expanding US cotton exports to Bangladesh.
Dhaka to make zero duty on 100 items
The commerce ministry in Bangladesh on Monday sent a letter to the United States Trade Representative saying duty on 100 items will be cut to zero.
India cuts duty on onion exports
The government of India has withdrawn 20 per cent duty on onion export, effective from April 1...
Government slashes import duties on fresh fruits
To keep the prices of fresh fruits within the people鈥檚 purchasing capacity during the holy month of Ramadan, the government issued two new notifications on March 16, slashing import duties on fresh fruit in the public interest...
PRE-BUDGET DISCUSSION: Businesses demand tax cuts, duty benefits
The industrialists in the leather goods and ceramic sectors, real estate businesses and reconditioned car traders demanded various tax cuts and duty benefits in the upcoming national budget for fiscal year 2025-26...
Proactive ties with EU stressed to tap GSP+ benefits
Experts at a conference on Monday laid emphasis on engaging proactively with the European Union to secure enhanced GSP+ benefits including duty-free access for garments...
NBR imposes 25pc RD on rice bran oil export
The National Board of Revenue has imposed a fresh 25 per cent regulatory duty on the export of crude and refined rice bran oil to increase domestic supply and keep the prices stable...
Ceramic businesses ask not to hike gas price
The country鈥檚 ceramic manufacturers urged the government not to increase the price of gas and demanded that necessary steps be taken to ensure uninterrupted gas supply to the ceramic industry...
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...
Ctg customs auctions 24 cars imported by ex-MPs
The Chattogram Customs House authorities on Monday announced the auction of 44 vehicles, including 24 luxury cars imported under a duty-free privilege for lawmakers during the ousted Awami League regime...
Scrapping of increased VAT, IMF deals demanded
Left-leaning political leaders, student leaders and activists on Thursday demanded that the interim government cancel the recently increased value-added tax and supplementary duty on more than 100 products and services...
31 luxury cars imported for ex-MPs among 100 vehicles to be auctioned
The Chattogram Customs House is set to auction nearly 100 vehicles, including 31 luxury Land Cruiser cars imported under a duty-free privilege for former members of parliament during the ousted Awami League regime...
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...
Wider use of mobile phone faces hurdles
Telecom sector industry stakeholders said that the decision to increase the supplementary duty on mobile phone services by 3 per cent would hinder progress and widen the digital divide...
Railways secretary made OSD, positions of 3 more changed
The government on Wednesday made railways ministry secretary Abdul Baki an officer on special duty at the public administration ministry, while also changing the positions of a senior secretary and two more secretaries...
BTTC suggests waiving import duty on onions
The Bangladesh Trade and Tariff Commission has recommended the National Revenue Board to withdraw the existing 5 per cent customs duty on import of onions to reduce the price of the essential commodity on the local market...
BTTC suggests waiving import duty on rice
In response to a sharp fall in rice production caused by recent floods, the Bangladesh Trade and Tariff Commission has recommended removing the current import duty on rice to stabilise supply and prices on the local market...
Bangladesh鈥檚 traders propose waiving duties on soybean, palm oil
Edible oil traders of Bangladesh on Tuesday proposed waiving the existing 5% import duty on soybean and palm oil and removing all value-added taxes imposed on producers and traders.
Low labour costs, duty-free access key drivers: US report
Bangladesh, the second-largest apparel exporter globally, has enhanced its competitiveness in garment manufacturing, particularly in bulk orders of basic apparel, due to low labour costs, affordable inputs, and duty-free access to key markets beyond the United States, positioning it as a vital player in the global fashion industry, according to a latest report...
US to boost scrutiny on tax-free imports over China worries
The US government said Friday it will work to curb the 鈥榦veruse and abuse鈥� of a mechanism allowing lower-value imports to enter the country duty-free, as concerns grow over Chinese shipments.