Taxmen in their last-minute efforts managed to mobilise around Tk 4.20 trillion for the just-concluded fiscal year, shortening an anticipated large gap to Tk 800 billion against the revised budgetary target, officials say. Economists had projected the revenue gap could exceed Tk 1.0 trillion

Bangladesh's coordinated efforts to recover caches of stolen assets from abroad lose steam as the Anti-Corruption Commission lies as an unmanned watchdog following the resignation of all the ACC commissioners. The nonfunctioning of the ACC delays investigations, criminal proceedings and cooperatio

Corporate-tax incentives are broadened in the Finance Act 2026 by extending a 2.5-percentage-point rebate for a slew of businesses while retaining the existing 20-percent tax on dividend incomes of corporates. No taxing of retailers and no black-money-whitening scope either in the new budget

Parliament is set to pass today the Finance Bill 2026 with significant amendments, including the withdrawal of a controversial provision that would have allowed legalizing undisclosed income by paying 20-percent penal tax. Another contentious proposal requiring taxpayers to obtain Taxpayer Identif

The government has decided to withdraw its proposal to impose a specific Value Added Tax (VAT), commonly known as the package VAT, on small businesses following strong protests from retail traders and concerns that the measure could hurt the country's small and medium-sized enterprises (SMEs), offi

The government's decision to reduce customs duty on bulk infant formula may not bring meaningful relief to consumers as the country's most widely consumed milk- powder category -- filled milk powder (FMP) -- has been subjected to higher taxation in the new national budget. While customs duty on bu

Tax officials will be able to investigate undisclosed expenditures of individual taxpayers from any period in the past, even decades old, under a new provision proposed in the Finance Bill 2026. The move marks a significant departure from the existing tax framework, which generally prevents the re

A structural shift in the tax collection system is likely to increase tax liabilities for national savings certificate (NSC) investors and exporters from July 1, 2026, despite no significant increase in withholding tax rates. The proposed Finance Bill 2026 introduces a fundamental change by treati