The Centre for Policy Dialogue (CPD) yesterday raised the flag over the US replacing Saudi Arabia to become Bangladesh’s foremost source of remittance in the July-April period of the current fiscal year.
Bangladesh’s economy is in its worst state in recent history, and the situation may worsen if the policymakers do not address the problems by employing the appropriate policy tools, the Centre for Policy Dialogue (CPD) said yesterday.
The government may increase the threshold of surcharge-free net wealth from the coming fiscal year 2023-24 beginning from July – a plan that is likely to reduce the pressure of tax on the upper middle-income people.
The budget for the next fiscal year should target containing risks stemming from global turbulence and the absence of discipline in macroeconomic management, good governance and reforms, said the Centre for Policy Dialogue (CPD) yesterday.
Tax-free income: In most cases, employers deduct the tax from an employee's salary every month and deposit it in the government coffer. The inflation rate is really high in Bangladesh, so it is tough to run a family with a monthly salary of Tk 25,000 to 30,000.