Many countries are using income tax as an incentive to allure investment; both by reducing tax rates and simplifying the taxation laws. In Bangladesh, tax rates on company profits are 45% to 42.5% for bank, insurance, mobile phone, and financial companies. It is 37.7% for all other companie...
The government has argued that it must cease tax exemptions to address the country’s low tax‑to‑GDP ratio, and better align taxes with global rates. The international investment community has been highly critical of the move.
Due to cut in the source tax rates, NBR will reportedly lose approximately 20 billion taka as source tax this year from the garment sector, which contributes more than 80 percent of the total export income of the country. The official, however, said the tax reduction decision was made in t...
(Reuters) - Bangladesh's central bank will raise interest rates to 9% from 8.5% in the coming days in a bid to tame soaring inflation, the bank's governor told the BBC in an interview published early on Thursday. The move comes after weeks of p...
13.5% for non-agricultural products. Bangladesh provides concessions for the import of capital machinery and equipment, as well as for specified inputs and parts, which makes determinations of tariff rates a complex and non-transparent process. In addition, VAT of 15% is levied on almost all ...
Bangladesh offers concessions for the import of capital machinery, equipment, and specified inputs, making the determination of tariff rates a complex process. Additional charges on imports include a 5% advance income tax, a value-added tax ranging from zero to 15%, and a supplementary duty rang...
“The longer-term growth outlook depends on acceleration of structural reforms to raise savings and investments rates, improve trade prospects, and ensure balance of payment sustainability. This would entail modernizing the tax regime and strengthening public financial management, and require increased tax...
Revenue Change Please wait Change the visualization to a column chart. Change the visualization to a line chart. Change the visualization to a table. Notes: Data was converted from local currencies using average exchange rates of the respective year. ...
How much the concert, recordings and film earned in gross revenues, how much costs totaled and what those costs were, how much was paid in taxes and penalties, at what interest rates the proceeds were invested and other basic information is all being kept secret by the principals. ...
These seven high-quality ETFs provide superior monthly dividend income. Glenn FydenkevezFeb. 14, 2025 What Are the BATMMAAN Stocks? If you're ready to move beyond Magnificent Seven stocks, there's a new acronym on Wall Street with one key addition. ...