Bangladesh exempts household appliance industry from VAT

Finance Minister AHM Mustafa Kamal arrives in parliament to present the national budget for fiscal 2021-22 on Thursday, Jun 3, 2021.

In the FY 2021-22 budget unveiled on Thursday, the government included VAT exemption on locally manufactured blenders, juicers, mixers, grinders, electric kettles, rice cookers, multi-cookers and pressure cookers. Washing machines, microwave ovens and electric ovens made in Bangladesh will also enjoy the VAT exemption. The exemption of Advance Tax on raw materials of iron products, […]

ECOSOC Forum: Dhaka stresses mitigating gaps ICT, health, education gaps

ECOSOC Forum: Dhaka stresses mitigating gaps ICT, health, education gaps

Permanent Representative of Bangladesh to the United Nations Ambassador Rabab Fatima has said the lack of infrastructure, especially in the areas of ICT, health, and education is acutely felt during the ongoing COVID-19 pandemic. “Therefore, it should be our urgent priority to build adequate infrastructure in all these areas,” she said. The envoy made remarks […]

Bangladesh cancels importing rice from Myanmar in wake of military takeover

Bangladesh cancels importing rice from Myanmar in wake of military takeover

Bangladesh has turned down a proposal to import 100,000 metric tons of rice from Myanmar due to the current situation in the neighboring nation.  The Cabinet Committee on Public Purchase, the highest approval body of the government, rejected the proposal placed by the Directorate General of Food to make the bulk import of Sunned rice […]