Market analysts anticipate the country’s ailing bourse to be rejuvenated as reputed local and multinational companies including a mobile phone operator are set to emerge in stock market amid a global setback in financial activities due to COVID-19 pandemic. Regulators said they by now approved enlistment of...
The export of personal protective equipment (PPE) has opened a new avenue for apparel manufacturers of Bangladesh who are reeling from order cancellations and downswings of exports in the Covid-19 pandemic. According to figures by the Export Promotion Bureau (EPB), PPEs, including masks, gloves, and gowns, have...
The government may review the proposed increase in deposit to be made by businesses for VAT related dispute settlement and introduction of partial VAT rebate based on the actual usage of raw materials — the two provisions incorporated in the budget for the fiscal year 2020-2021. The...
Businesses are worried that some proposed changes in the value-added tax (VAT) law will increase their costs and discourage them from seeking justice against inflated revenue claims by field officials of the National Board of Revenue (NBR). One of the changes is that the deposit needed for...
The National Board of Revenue has relaxed the duty-free motor vehicle import rules for investors in the country’s hi-tech parks, curtailing the minimum level of investment to be made and the number of employees to be hired for availing the facility. The investors in the country’s hi-tech...
The National Board of Revenue has offered manufacturers exemption from payment of value-added tax on production of capital machinery and spare parts in the country. The NBR’s VAT wing on May 14 issued a statutory regulatory order offering the exemption to encourage domestic production of capital machinery...