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Economy

BD imposes 15pc VAT from July next year

Finance Minister AMA Muhith today said that the government would impose 15 percent Value Added Tax (VAT) from July, 2016, reports agency. The decision was made at a meeting between the finance minister and the visiting mission of the International ...

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BB eases loan procedure for cold storages

Bangladesh Bank (BB) on Sunday eased further the procedure of bank loan for the owners of cold storages affected by ongoing political violence, particularly those in the northern region, reports BSS.  The central bank in a circular said the affected ...

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Govt set to downsize ADP by over 10 pc

The government is going to downsize the current Annual Development Programme (ADP) by over 10 percent for various reasons, including “political turmoil”, according to UNB.  The National Economic Council (NEC) is likely to approve a Tk 72,000 crore Revised Annual ...

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BB settling Sonali Bank’s outstanding bills

Bangladesh Bank has started paying unsettled bills that remain pending with the state-owned Sonali Bank, reports UNB.  Officials said the central bank on Thursday made the first payment to the Standard Chartered Bank from the Sonali Bank’s foreign currency (FC) ...

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NBR for e-TIN, submit tax returns

National Board of Revenue (NBR) asked the members of different chambers and trade associations to obtain e-TIN (electronic Tax Identification Number) and submit tax returns, report news agencies. The revenue authorities in a press statement on Wednesday said many of ...

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