BB issues guidelines for operations of business in country by JVCA
BB issues guidelines for operations of business in country by JVCA

Bangladesh Bank (BB) has issued guidelines for operations of business in Bangladesh by Joint Ventures or Consortiums or Associations (JVCA) having foreign partner (s) in order to make the process more transparent and more accountable, reports BSS. The central bank in a circular issued on...

VAT on edible oil reduced to 5% to stabilise prices
VAT on edible oil reduced to 5% to stabilise prices

The import-level value-added tax (VAT) on edible oil has been reduced from 10 percent to 5 percent to maintain a steady supply in the market. The National Board of Revenue (NBR) issued a notification in this regard on Tuesday. Earlier, the NBR had issued exemption notifications to boost the...

NBR waives airfare excise duty, VAT for hajj pilgrims
NBR waives airfare excise duty, VAT for hajj pilgrims

The National Board of Revenue (NBR) has waived the excise duty on inbound and outbound airfare for hajj pilgrims, as well as the value-added tax (VAT) on three types of service charges, aiming to lower their overall expenses of hajj, reports The Business Standard. Currently, the excise duty for...