Need to reform effective tax rate regime: FICCI president

Need to reform effective tax rate regime: FICCI president

Despite some significant positive changes in the proposed budget, foreign investors in Bangladesh still have major concerns about the effective income tax rate, which exceeds 40% in some cases, leaders of the Foreign Investors Chamber of Commerce and Industry (FICCI) said. “Despite the decrease in the corporate tax rate, the effective tax rate here in … Read more

PM for no tax hike on food to fight inflation; NBR plans more corporate tax cut

PM for no tax hike on food to fight inflation; NBR plans more corporate tax cut

Fact: Prime Minister Sheikh Hasina directed the National Board of Revenue (NBR) not to increase taxes on food, agro-related items, and fertilizers in the upcoming budget.