Economy

Abysmal potholes in corporate tax payments exposed

Abysmal potholes in corporate tax payments exposed

Gross mismatch between  the number of registered companies and that of corporate income-tax receipt by the exchequer persists, as the tax returns submitted annually by the former continues to be disproportionately low in Bangladesh, official statistics show. Only nearly 40,000 companies file

NBR CIC uncovers assets worth Tk 400b laundered abroad

NBR CIC uncovers assets worth Tk 400b laundered abroad

The Central Intelligence Cell (CIC) of the NBR has found nearly Tk 400 billion in assets amassed in various countries around the world through money laundering from Bangladesh. CIC Director General Ahsan Habib informed Chief Adviser Professor Muhammad Yunus that investigations had been conducted i

Forex reserves stand at $30.81b: BB

Forex reserves stand at $30.81b: BB

Bangladesh’s foreign exchange reserves have stood at US$30.81 billion. But, as per the International Monetary Fund (IMF) methodology under the Balance of Payments and International Investment Position Manual (BPM6), Bangladesh’s foreign exchange reserves stood at $25.81 billion, accord

Remittance inflow rises by 13.7pc in first 16 days of August

Remittance inflow rises by 13.7pc in first 16 days of August

Inflow of remittances witnessed a year-on-year growth of 13.7 per cent (pc), reaching US$1,264 million in the first 16 days of August, according to the latest data of Bangladesh Bank (BB) issued today (Sunday).  Last year, in the same period, the country's remittance inflow was $1,112 mil

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