Business

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 […]

Business

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 […]

Business

BUDGET NOT ENOUGH

Garment exporters want 3pc cash subsidy in budget Business Report President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Rubana Haq said the 1 percent cash incentive given to garment manufacturers and exporters in the budget is not enough, she has demanded three percent cash support for facing challenges that the industry is bracing locally […]