Spare Banks from stock dividend tax: Chairman, ABB Banks have sought to be excused from the government’s plan to introduce 15 percent tax on stock dividend and retained earnings and reserves to encourage cash dividends as it will put some listed lenders in a difficult spot. Syed Mahbubur Rahman, Chairman
Read MoreTax-free dividend income for Investors doubled Finance Minister AHM Mustafa Kamal has proposed the ceiling for tax-free dividend income up to Tk 50,000 in a bid to encourage stock market investors. At present, the ceiling for tax-free dividend income for individual investors is Tk 25,000. Special incentives will continue for
Read MoreBB set to form body to offer ways to cut NPLs The Central Bank has decided to form a high-powered committee to recommend measures for reducing the volume of classified loans in the country’s Banking system. The decision was taken at an emergency meeting, held at the Bangladesh Bank (BB)
Read MoreApparel buying houses asked to get registered with DoT The government has recently directed all the buying houses in the garment and textile sector in Bangladesh to get registered with the Department of Textiles to run business in the Country. In a gazette notification issued on May 28, the textiles
Read MoreExport earnings hit record $3.8b in May Bangladesh’s exports fetched $3.81 billion in May this year, which was the single-month highest in the country’s history riding on the good performance of readymade garment products. Earlier, the monthly highest earnings were recorded in October last year with the exports worth $3.71
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