India has scrapped its 12% tax on all sanitary products following months of campaigning by activists. The announcement comes a year after the government introduced the tax, known as GST, on all goods – including the 12% duty on menstrual…
Category: Tax
ভারতে স্যানিটারি পণ্যের ওপর আরোপ করা কর বাতিলের সিদ্ধান্ত
সক্রিয়তা কর্মীদের দীর্ঘ প্রচারণার পর সব ধরণের স্যানিটারি পণ্যের ওপর ১২% কর আরোপের সিদ্ধান্ত বর্জন করেছে ভারত। ভারত সরকার এই কর আরোপের এক বছর পর তা বাতিল করার ঘোষণা দিল। সব ধরণের মাসিক সংক্রান্ত স্বাস্থ্য বিষয়ক পণ্যের ওপর ১২% কর…
Balancing trade wars
By Sunita Narain New Delhi, Jul 20 2018 (IPS) – A global trade war has broken out. The United States fired the first salvo and there has been retaliation by the European Union, Canada, China and even India. Tariffs on…
UAE Cabinet approves VAT refund for tourists
Tourists visiting the UAE will be provided with a refund system for value-added tax (VAT), it was announced on recently. The UAE Cabinet has adopted a decision to implement the new system, which will be integrated between retail outlets with…
‘VAT rate lowered not for mobile internet providers’
Dhaka, July 5 –Mobile operators on Thursday said that although the government has reduced the VAT rate over internet use from 15 to 5 percent, it will not help them in reducing costs at the consumer level.
Proposed tobacco taxes: Protect death trade, not public health
A post-budget press conference on the issue of tobacco taxation in the proposed budget for the FY 2018-19 was held Saturday (23 June, 2018) at the VIP Lounge of National Press Club at the initiative of PROGGA and Anti-Tobacco Media Alliance…
BD’s premier chamber questions corporate tax cut for banks
Speakers at a programme on Thursday described the government’s budgetary move of corporate tax cut disappointing as it applies for banks and financial institutions only and not for all.
Prospective IT sector decries duty burden
Leaders of various IT organisations on Wednesday said that the 21.75 percent VAT and other surcharges imposed on internet is becoming a burden on them.
Strengthen Central Bank – stop capital flight: CSOs
Dhaka, June 13 – Speakers at a human chain on Wednesday in Dhaka urged the government to emphasise Income Tax instead VAT (Value Added Tax) for revenue mobilisation in implementing the 2018-19 national budget.
Dairy farmers seek protection, denounce duty cut
Dairy farmers and organizations at a programme in the city on Tuesday feared that lower import duty proposed in the budget would destroy the dairy sector of the country.
Merkel: G-7 summit with Trump was a ‘sobering’ experience
Frankfurt, Jun 11 (AP/UNB) — German Chancellor Angela Merkel found the contentious Group of Seven summit with U.S. President Donald Trump a “sobering” and “depressing” experience but said European leaders won’t be “taken advantage of” on trade.
BGMEA seeks withdrawal of source tax for 3 years
Welcoming the new national budget proposed for 2018-19, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Saturday urged the government to withdraw source tax for three fiscal years and bring down corporate tax to 10 percent.
Saudi king calls for meeting in Makkah over Jordan crisis
Riyadh, June 9, 2018 (BSS/XINHUA) – Saudi King Salman bin Abdulaziz Al Saud called on Saturday for a meeting in Makkah with leaders of Jordan, Kuwait, and the Abu Dhabi crown prince on Sunday over the crisis in Jordan, official Saudi Press Agency…
Why corporate tax relief for Bangladesh’s banks and FIs: CPD
Dhaka, June 8 – The Centre for Policy Dialogue (CPD) yesterday said the proposed budget has increased taxation on the middle and lower income groups compared to rich people, which will ultimately affect the livelihoods of the general people.
Bangladesh budget big blue empty balloon: BNP
Dhaka, June 8 – The BNP has termed the proposed national budget a big blue empty balloon which has been formulated keeping the next general election in mind.
Experts call budget populist
Dhaka, June 7 – Finance Minister Abul Maal Abdul Muhith apparently dipped into his party’s electoral playbook to design the national budget for 2018-19 fiscal, which experts dubbed as a populist and election-centric budget.
Muhith for 5pc VAT on e-commerce
Finance Minister AMA Muhith on Thursday suggested to impose VAT on e-commerce business as the platform rising popularity day by day.
DCCI president baffled by selective reduction in corporate tax
President of Dhaka Chamber of Commerce and Industry (DCCI) AbulKasem Khan has proposed the government to reconsider slashing corporate tax in all categories at least 2.5%.