Industry

DCCI Proposes Uniform Single-Digit VAT Rate to Simplify Taxation

Dhaka: The Dhaka Chamber of Commerce and Industry (DCCI) has proposed a uniform single-digit VAT rate across all sectors, along with a nominal 1% VAT for informal sector traders in the upcoming fiscal year 2025-2026 budget. This proposal aims to enhan…

Govt Forms Four-Member Committee to Strengthen BSEC

Dhaka: The government has formed a four-member committee to strengthen the Bangladesh Securities and Exchange Commission (BSEC), the stock market regulator. The initiative aims to enhance the regulatory framework and boost the local stock market’s dev…

NBR Reduces Import Duties on Fresh Fruits by 15 Percent

Dhaka: The National Board of Revenue (NBR) has announced a significant reduction in import duties on fresh fruits, cutting them by 15 percent. This move comes as part of an effort to make fresh fruits more affordable for consumers.

According to Bangl…

NBR Chairman Emphasizes Necessity-Based Tax Exemptions Only

Dhaka: National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan announced today that the government is committed to discontinuing tax exemptions unless absolutely necessary for the national interest. “We are moving away from the tax exemption cul…

Biman Bangladesh Airlines to Operate Additional Eid Flights

Dhaka: Biman Bangladesh Airlines will operate additional flights on the Rajshahi, Syedpur, and Barishal routes alongside its regular schedule to accommodate the increased number of passengers during Eid-ul-Fitr.

According to Bangladesh Sangbad Sang…

Chinese Company to Invest $12.25 Million in Mongla EPZ

Dhaka: Safety Garments Bangladesh Co. Ltd., a Chinese company, is set to invest US$ 12.25 million in Mongla Export Processing Zone (Mongla EPZ) to establish a high-end garments manufacturing industry. The Bangladesh Export Processing Zones Authority (…