Terming some initiatives of the national budget for fiscal 2016-17 as encouraging for industrialization, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today said the proposed 1.50 percent tax on source would hinder the goal of export earning envisaged by the government in line with vision-2021.
"Some initiative might pave the way of industrialization, but 1.50 percent tax on sources would directly create hindrance the evolvement of industrialization," said BGMEA President Md. Siddiqur Rahman in a media briefing that organized to pass their reaction on the proposed national budget, reports BSS.
Mentioning that 1.50 percent tax on source would increase 150 percent direct tax, he said "any wrong
Finance Minister AMA Muhit, MP, proposed the National Budget for 2016-17 FY in the National Parliament on 2nd June 2016. The size of the proposed budget is Tk. 3 Lac 40 Thousand 605 Crore, where non-development expenditure is 2 Lac 29 Thousand 900 Crore, development expenditure is Tk. 1 Lac 10 Thousand 700 Crore and total deficit is Tk. 97 Thousand 853 Crore, which is 5% of GDP. In the proposed budget, the total revenue was targeted at Tk. 2 Lac 42 Thousand 752 Crore, where NBR earnings were projected as Tk. 2 Lac 3 Thousand 152 Crore which is 35.4% higher than the corrected target of the running FY, and non-NBR earnings were projected as Tk. 39 Thousand 600 Crore. This target of revenue earnings, without any doubt, can be termed as ambitious and seems to be ‘not so easy to ...
Mobile phone use cost will increase in the next fiscal as Finance Minister AMA Muhith proposed to hike the duty on SIM card-related services to 5 percent.
Currently, there is a 3 percent supplementary duty on all kinds of mobile service use. In his proposed budget, Muhith set a 5 percent duty.
Mobile phone operators feared this will badly impact their earnings and network expansion
plan. “No doubt after implementing this tax users will reduce their uses,” said a top official of a leading mobile phone...
Inter university debating contest titled “Bisk club-BFDF National Debate fest-2016” will held at Rajshahi University which is arranged by Business studies Faculty Debating Forum (BFDF).
BFBF has organized the debate contest for the forth times where 32 teams from public and private Universities across the country are expected to participate.
Rajshahi Law Maker Fazle Hasan Badshah will inaugurate the inaugural programme at RU dean’s complex and RU vice chancellor Prof Chowdhury Sarwar Jahan will present as specia...
Senior Partner of Masih Muhith Haque & Co, Chartered Accountant and ICAB Past President
Masih Malik Chowdhury FCA along with his senior colleagues celebrating 31
st anniversary of the CA Firm at its office on Tuesday, 1 June 2016.
The business delegation leader Salman F Rahman is also very optimistic to woo Saudi investment.
“As Bangla...
