IN BANGLADESH, the tax deducted at source (TDS) system is designed to ensure timely tax collection and prevent evasion. However, for many low-income professionals 鈥� especially freelancers, consultants, and small business owners 鈥� this system has become an unnecessary financial burden. Despite earning less than the taxable income threshold, they often find...
National Board of Revenue chairman Md Abdur Rahman Khan on Tuesday said that the payment of instalments of the domestic and foreign debts and interest on these loans had become a heavy burden to the country...
A SIMPLE trip to the grocery store feels like a budgeting nightmare for the middle class. The recent increase in value-added tax and supplementary duty on over 100 items has triggered frustration and raised questions about whether the government is balancing its books at the expense of ordinary citizens...
BANGLADESH is facing significant inflationary pressures, with the general inflation rate reaching a 12-year high of 11.66 per cent in mid-2024 (Bangladesh Market Monitor, July 2024, UN). Food inflation has surged even higher, hitting around 14.1 per cent due to a range of factors, including supply chain disruptions and global market volatility...
The government should ensure that its project expenditures are justified and beneficial to the economy, which will help reduce the tax burden on people, according to the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI)...