20% tax planned on interests on foreign loans Foreign loans will be costlier further as the government is likely to impose a 20% tax on the interest against loans from external sources, according to finance ministry officials. Such a move, if implemented in the upcoming FY2023-24, will increase the burden
Read MorePriority on fighting inflation, funding projects While challenges like tackling “imported” inflation and boosting revenue earnings persist, funding priority projects to spur investment and growth emerges as a new concern for the next fiscal year beginning on 1 July, according to a Finance Division document. Meeting escalating subsidy demand is
Read MoreBusiness review meeting for the year 2023 of Dhaka Bank held A business review meeting for the year 2023 of Dhaka Bank Limited was held at Radisson Blu Dhaka on Saturday. Abdul Hai Sarker, chairman of the board of directors of the bank, inaugurated the meeting as the chief guest
Read MoreGovt to double gain tax on land, flat registration The government plans a two-fold hike in the rates of gain tax on land and flat registration, and penalties for late submission of income tax returns in the upcoming fiscal 2023-24. Under the new measures, the gain tax on land and
Read MoreBD soon sees complete digital bank, banking innovations Bangladesh is set to see soon full-fledged digital bank as the country braces itself for fitting in the fast-changing technologies in the fourth industrial revolution (4IR). Bangladesh Bank Governor Abdur Rouf Talukder Wednesday apprised bankers of this and a slew of other
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