In October 2023, the Bangladeshi Parliament passed the Customs Bill 2023, which updated regulations on import customs revenue collection and replaced the Customs Act 1969. The new law seeks to align the country’s customs procedures with global practices through the introduction of such initiatives a...
On a related matter, the Bangladesh cabinet approved the draftOffshore Banking Act 2024on 27 February 2024, which seeks to provide tax exemptions on interest earned by depositors, and proposes that interest or profits earned by offshore banking units will not be subject to income tax or charges...
President Anura Kumara Dissanayake’s government has doubled the WHT to 10 percent on interest income from this month and the new method will allow people with and without Tax Identification Number (TIN) to get the exemption if they are eligible. B.K.S. Shantha, Deputy Commissioner General...
The income is subject to tax at the rates as mentioned above. Capital gains Companies operating in Bangladesh are liable to pay 15% on the capital gain generated from transfer of capital assets. 22 PwC | Destination Bangladesh Personal Income Tax All individuals who are liable to pay income ...
VAT issues. He must consider the renewal of licenses i.e. trade licenses as well. To ensure compliance, the company lawyer must have sound knowledge of the following laws-Company Act 1994, Contract Act 1872,Bangladesh Labour Act 2006, Bangladesh Labour Rules 2015, Income Tax Ordinance 1984, ...
Intermediaries or mediators interact directly with fishers at landing sites and often act as agents for more prominent collectors (Crona et al. 2010; Ayilu et al. 2023). The relationship between these intermediaries and small-scale producers is likely as old as that of trade. These relationships...
and political environment so that institutional and foreign investors can play a pivotal role in managerial decisions as watchdogs that motivate management to act in the best interest of shareholders and ensure more accountability and transparency, that ultimately increase firm performance as well as sta...
Also, the act stipulates that training and safety equipment must be provided to workers as necessary; medical treatment costs associated with occupational hazard must be borne by the employer. 2 While “matched” employer-employee datasets often refer to those that track employees across employers, ...
A number of steps have already been taken, for instance, the Bangladesh Atomic Energy Commission Act, which was passed in 2017. The country is also in the process of developing its power grid. The power grid network strengthening project is ongoing under the Power Grid Company of Bangladesh ...
The Bangladesh government responded with a raft of policy measures ranging from containment, testing and treatment regimes, to tax and industrial strategies, and employment and income relief measures. Efforts to track governmental pandemic policy responses have measured their coverage and intensity; judged...