Poor to get relief from Tax burden in next budget
Poor to get relief from Tax burden in next budget

The finance adviser Dr Salehuddin Ahmed said the poor people will get relief from the burden of Tax in the next fiscal year budget. He made the statement while addressing journalists at the Bangladesh Secretariat in the capital on Thursday. The adviser said: The budget for the upcoming fiscal...

Hidden salaries of foreign NGO executives in Bangladesh
Hidden salaries of foreign NGO executives in Bangladesh

Foreign executives of NGOs operating in Bangladesh are using concealed salary structures to evade taxes and launder money abroad, revealed a media report. This malpractice raises concerns over regulatory lapses, particularly in NGOs overseen by the NGO Affairs Bureau. Among the cases...

Dubai to reimpose 30% alcohol sales tax from next month
Dubai to reimpose 30% alcohol sales tax from next month

Dubai will reinstate a 30% municipality tax on alcohol sales starting January 1, 2025, according to several restaurateurs and a communication from alcohol retailer African + Eastern. The announcement was made via email to restaurants and bars, notifying them of the change, reads a Khaleej Times...

China eyes home-buying tax cuts amid real estate distresses: Bloomberg
China eyes home-buying tax cuts amid real estate distresses: Bloomberg

China is planning to lower home-buying taxes as part of a broader push to support its struggling real estate sector, Bloomberg reports, as cited by Reuters on Tuesday. A proposal under review would allow major cities, including Shanghai and Beijing, to reduce the deed tax for buyers to as low as...

No need to pay tax for income less than Tk 3 lakh 50 thousand
No need to pay tax for income less than Tk 3 lakh 50 thousand

People with income of less than Tk 3 lakh 50 thousand per year dont have to pay minimum income tax. However, people with income more than this amount will be under minimum income tax rule. The above information was shared by National Board of revenue (NBR) chairman Abdur Rahman Khan on Sunday....

Tax exemption for renewables: PDB to set more solar power plants
Tax exemption for renewables: PDB to set more solar power plants

Not only 10 projects, now the Power Division is contemplating to set up many more solar power plants as it received the NBRs notification for reinstating the tax exemption on such private investment, reports UNB. Power Division officials said it is now certain the number of solar projects is...