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Revenues not deposited to state coffer on time

New Age, a Dhaka-based leading English language daily newspaper, is a major source of news of Bangladesh and international affairs

Bangladesh granted duty-free access to 16 more products from Bhutan based on an earlier agreement between the two countries.  The Internal Resource Division (IRD) of the finance ministry issued an order in this regard on 4 August and it was published on Monday. In December 2020, Bangladesh granted duty-free access to 34 products of Bhutan under a preferential trade

Proposed budget to encourage fridge assemblers, raise import, full-fledged local industry at stake

In the Addis Ababa Action Agenda 2015, which aims to provide a global framework for financing the Sustainable Development Goals, countries committed to enhancing revenue administration through modernised, progressive tax systems, improved tax policy, and more efficient tax collection. It also committed to improving the fairness, transparency, efficiency and effectiveness of the tax systems, including by broadening the tax base and continuing efforts to integrate the informal sector into the formal economy in line with country circumstances. With the tax-GDP ratio hovering around 10 per cent, ...