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Bangladesh cuts rice import duty to 15% to control price in pandemic

Automation could have boosted tax receipts: NBR

Automation could have boosted tax receipts: NBR Star Business Report Star Business Report Automating the tax administration could have accelerated revenue collection while enabling work from home amidst the pandemic, averting many losses, including of opportunities, admitted a top official of the National Board of Revenue (NBR) yesterday. At least eight NBR officials and staff, including a commissioner, have so far succumbed to Covid-19 while discharging duties and many taxpayers have suffered too, informed NBR Member (Tax Policy) Alamgir Hossain. The NBR needs to have an IT-based organisational infrastructure, he told a virtual members conference titled Policy Paper on Direct and Indirect Tax organised by the Institute of Chartered Accountants of Bangladesh (ICAB).

Ease stimulus conditions for SMEs | The Daily Star

Light engineering can thrive on bike components

Light engineering can thrive on bike components Experts say the sector can grab bigger share of the spare parts market Industry players believe the growing sales of motorcycles are likely to boost the market for bike components. Photo: Star File Star Business Report Star Business Report There is huge potential in the country s light engineering sector to exploit the local market for motorcycle components, according to speakers at a webinar yesterday. The annual demand for motorcycles reached 550,574 units on average in 2019 while it was 207,835 units in 2015, for which around Tk 2,100 crore worth of spare parts is required, said Ihsanul Karim, director of Bangladesh Industrial Technical Assistance Centre (Bitac).