Taxation

Foreign Investment in Bangladesh: Unlocking Growth

In today’s interconnected world, foreign investment is a cornerstone for economic growth and development. Embarking on a journey of economic growth, Bangladesh opens its doors to foreign investors, offering many opportunities and challenges. Delve into the nuances of foreign investment in Bangladesh, understanding its legal landscape, economic implications, and promising avenues. Foreign investment in Bangladesh […]

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Assessing the Bangladesh Investment Climate

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Investors looking for a thriving economy should look at Bangladesh! Bangladesh investment climate offers a lovely with a young and dynamic workforce, a growing consumer base, and a business-friendly environment that provides various benefits and incentives. The country has consistently achieved an annual GDP growth of over 6%, except for the COVID-induced economic slowdown in 2020.

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FDI in Bangladesh: Unlocking the Benefits

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Foreign direct investment – FDI in Bangladesh is pivotal in propelling its economic growth and development strategy, reaping significant benefits for the nation. As per Unctad’s World Investment Report 2023, Bangladesh witnessed an impressive surge in FDI, marking a growth of 20.2% to $3.48 billion in 2022, the second-highest inflow in the country’s history. This robust influx

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Income Tax eReturn: All you need to know online tax return

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Part 1: Basic Information Before Getting Started Income Tax eReturn Q 1. Is tax software eReturn easy for beginners? Answer: If you want to file your income tax return, the eReturn system is the way to go. Tax software programs are for taxpayers who wish to do their taxes but need guidance. The National Board of

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New Tax Return Form Released by NBR: Download Now!

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As part of the ongoing tax reforms, the National Board of Revenue (NBR) has taken a significant step by releasing the much-awaited tax return form for the assessment year 2023 – 2024, “IT-GA (2023)”. This new form aligns with the recently implemented Income Tax Act-2023 (ITA-2023) and aims to simplify the tax filing process for

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“Income Tax Act, 2023” Bangladesh Enacts New Law

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The Government of Bangladesh has enacted a new Income Tax Act, 2023, repealing the Income Tax Ordinance, 1984. The Jatiya Sangsad (National Parliament) passed the new Act and gazetted it on June 22, 2023. This significant development is aimed at modernizing and streamlining the country’s income tax system, promoting transparency, and fostering a business-friendly environment.

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Analysis of Proposed National Budget 2023-24: Towards Smart Bangladesh

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Introduction This comprehensive analysis delves into the intricacies of the proposed National Budget for 2023-24 Bangladesh. Presented by Finance Minister AHM Mustafa Kamal on June 1, 2023, the budget sets forth a vision of “Towards Smart Bangladesh: Sustaining the Development Achievements in a Challenging World.” Our goal is to provide a detailed budget overview, highlighting

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Understanding the New “Income Tax Return Preparer Rules, 2023”

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The National Board of Revenue (NBR) has recently introduced the “Income Tax Return Preparer Rules, 2023,” marking a significant development in the tax landscape. These rules aim to streamline the income tax return preparation process and enhance transparency for tax professionals and taxpayers alike. The new rules bring a new door for freelance lawyers and

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