NBR still needs Tk 65,000cr per month to hit IMF target for FY25
The new target has raised eyebrows, given the underwhelming performance in revenue collection so far
The prospect of reduced tax benefits has rattled exporters, already wrestling with shifting global trade dynamics, including fresh US tariffs
After declining for each of the past three months, overall inflation in Bangladesh increased slightly in March, driven by an uptick in non-food prices, government data shows.
"Bangladesh generates a negligible amount of revenue from taxes levied on goods imported from the United States"
Business leaders and economists have called upon the government to initiate immediate high-level negotiations with the United States administration following President Donald Trump’s imposition of reciprocal tariffs, warning that failure to secure concessions could erode the nation’s competitive edge in its most lucrative export market.
"We need a comprehensive review," said Mahfuz Kabir, research director of BIISS
The National Board of Revenue (NBR) has identified dozens of properties in Dubai owned by Bangladeshis, a senior official familiar with the matter has told The Daily Star.
The wage growth rate stood at 8.16 percent in January, 1.78 percentage points below the inflation rate of 9.94 percent that month
A big chunk of foreign funds was provided as budgetary support from the World Bank and the Asian Development Bank (ADB) in December released $1.1 billion, leading to a rise in foreign aid disbursement and providing some relief to the government.
For Bangladesh, it is no longer the question of whether the economy is destined for a hard landing or a glide to a flat state; rather the question now is how deep the descent will be.
The National Board of Revenue (NBR) has allowed the use of nine more customs stations for the import of potatoes, specifically from Nepal and Bhutan, aiming to diversify supply sources and reduce dependency on India..The nine stations include Rohonpur in Chapainawabganj, Sonahat in Kurigra
Healthcare seekers face higher prices for medicine due to the hike in value-added tax (VAT) on trades by pharmacies and drug stores.
The National Board of Revenue went ahead with its plan to hike value-added tax and supplementary duty on goods and services despite widespread concerns that the move will stoke inflation and slow down economic activities.
NBR issues a notification moments ago
Bangladesh concluded another year staring at prices of essential items taking a wild ride, the central bank scrambling to further tighten the money supply and penny-pinching among limited income people.
The government’s recent move to increase value-added tax (VAT) on 43 goods and services has raised two key questions: will it generate enough revenue to avoid a huge budget deficit and will it further stoke an already high inflation?
Bangladesh’s revenue collection fell in November this year even though the country saw improvement in its business climate that month thanks to the alleviation of political uncertainties stemming from the nationwide mass uprising in July-August.
