Frozen food exporters demand cut in corporate tax Exporters of frozen food products, especially shrimp, have demanded that the government reduce corporate tax from 32.5 per cent to 15 per cent in the proposed national budget to help the sector recover from a significant fall in international sales. The demand
Read MoreGovt earns Tk 300m revenue in 12 days Some 20 thousand metric tons of foods and raw materials worth $ 2,85,908 have been imported from India by rail through Benapole port in the last 12 days. The government earned a revenue of Tk 300 million (30 crore) and the railway
Read MoreBB allows banks to issue int’l debit cards The central bank has issued a guideline, allowing banks to issue international debit cards (IDCs) in favour of eligible persons against their annual travel entitlements. According to the guideline provisions, IDCs will be issued within annual travel entitlements with endorsement on passports,
Read MoreGovt eyes Tk 17,000cr in budget support next fiscal year The government has set a target to mobilise Tk 17,000 crore in budget support from development partners in fiscal 2020-21 to meet its additional financing need owing to the coronavirus pandemic. The budget support being sought is way higher than
Read MoreNew VAT, SD measures looking like silver lining The revenue authority may get an additional Tk 11,000 crore next fiscal year because of the new value-added tax (VAT) and supplementary duty (SD) measures, according to an estimate by the National Board of Revenue (NBR). We also expect to get nearly
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