Millers, wholesalers to blame for rice price spiral: USDA
Millers and wholesalers have mainly pushed rice prices higher, cashing in on supply shortages owing to floods and blast attack on the recently harvested boro rice, according to the US Department of Agriculture.
23 July 2017
Growers to get quality jute for heavy rains
Farmers are set to get better quality jute this harvesting season as water availability from increased rainfall will
22 July 2017
Stunning case of import fraud
Customs Intelligence has unearthed an elaborate scheme by a syndicate to import consumer goods in the name of
22 July 2017
Congested Dhaka city needs more space
Development of the eastern part of Dhaka would help reduce population density and traffic congestion in the entire city, allowing it to
21 July 2017
Manual VAT registration may end next year
The National Board of Revenue is likely to terminate the manually-issued 11-digit VAT registration from next year as it moves forward with automating the revenue system to bring transparency, reduce hassles and increase compliance.
13 July 2017
WB to assess progress in VAT digitisation
A World Bank mission is expected to visit Dhaka next week to assess the progress in digitisation and modernisation of the VAT system in light of the government move to shelve the implementation of the new law for two years.
12 July 2017
10 firms provide 40pc of all VAT and SD
Some 40 percent of the total value-added tax and supplementary duty collected in a year by the National Board of Revenue comes from only 10 firms -- a startling detail for a $220 billion economy that is growing fast.
11 July 2017
Deep-sea port may not be viable
A deep-sea port may not be viable for Bangladesh as big ships are unlikely to come in here diverting from the main shipping route, an
9 July 2017
Policy drafted to discourage tobacco farming
The government has drafted a tobacco cultivation control policy that seeks to bar companies from encouraging farmers to grow the health hazardous crop.
8 July 2017
Dispute over SIM tax crops up again
The Large Taxpayers Unit of the National Board of Revenue has asked four mobile phone operators to furnish Tk 883
5 July 2017
Rod prices not going down
The prices of rods that sprang up amid speculation of 15 percent uniform VAT from July 1 have stayed at that level
3 July 2017
Proposed VAT, Tax Measures: Major changes likely
Unlike previous budgets, which were passed by parliaments with minor changes, this year's proposed budget could have major
24 June 2017
Bike assemblers face bumpy ride for duty hike
A spike in supplementary duty on completely knocked down units of motorcycles is set to hit the local assembly
24 June 2017
Dual policy for tobacco
Contrary to its policy of discouraging tobacco cultivation, the government has retained the VAT exemption facility for unprocessed
22 June 2017
New Vat Plan: Govt may back off for now
The government may backtrack on its plan to implement the new VAT law from July this year, in the face of pressure from a section of
20 June 2017
No thanks to 15pc VAT
Ezaharul Haque has been upset since he learned about the government's decision to impose a uniform 15 percent VAT this July. The thought of more money going out of his pockets to purchase necessary goods and services concerned him.
17 June 2017
Fresh VAT burden on weavers
Thirty years ago, Nilkamal Basak began weaving much-coveted Tangail sari to continue in hereditary profession.
16 June 2017
Proposed 15pc VAT: Plastic crockery to get pricier
Plastic crockery has seen a steady rise in sales over the last several years mainly due to its growing popularity among middle and low-
12 June 2017
Worries over VAT on packaged spices
People will have to pay more to buy packaged powders of spices due to the imposition of uniform 15 percent VAT on these essential cooking ingredients from July 1.
11 June 2017
Twin trouble for housing sector
The imposition of a uniform 15 percent VAT would lead to increased prices of building materials and result in a fall in demand, affecting the country's construction sector and related industries that employ around 30 lakh people.
9 June 2017