Tag Archives: Abul Maal Abdul Muhith

Budget session in parliament to begin June 5

mega budget

MNA Business Desk: The Jatiya Sangsad budget session for 2018-19 fiscal year will begin on June 5. It will be the last budget of the incumbent Awami League government. The parliament will go into session at 11:00am on that day with Speaker Shirin Sharmin Chowdhury in chair. A few hours before the session starts, Working Advisory Committee meeting will fix the schedule of country’s 47th and fifth budget of the current government. however, Finance Minister Abul Maal Abdul Muhith with place the budget proposal for 18-19 fiscal year on June 7. It will be Abdul Muhith’s 12th budget as finance ...

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Govt considering corporate tax cut: Muhith

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MNA Business Desk: Finance Minister Abul Maal Abdul Muhith on Saturday said the government is considering slashing corporate tax rate as it is encouraging that the country’s young generation is now showing interests in paying income tax. The minister hinted that the government is planning for introducing double slab of VAT system from the fiscal year 2019-20 instead of 15 percent flat VAT rate. Muhith said this while addressing a ‘Pre Budget Discussion’ as chief guest organized jointly by Dhaka Chamber of Commerce & Industry (DCCI), The Daily Samakal and Chanel 24 at the Bangabandhu International Conference Centre (BICC). The ...

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Ruling party MPs came down heavily on Muhith

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MNA Editorial Desk: Several parliament members of ruling Awami league on Monday came down heavily on finance minister Abul Maal Abdul Muhith for imposing excise duty on bank accounts and unified 15 percent VAT in the proposed national budget, reported news agency. Claiming that the 15 percent VAT and excise duty on bank deposits have created panic among the countrymen, the ruling party lawmakers urged Muhith to scrap the excise duty and reduce the VAT rate. “Your [finance minister’s] responsibility is just to place the budget… it’s the 350 MPs who determine what will be there in the budget and ...

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Rate of excise duty likely to be changed: Muhith

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MNA Business Desk: Finance minister Abul Maal Abdul Muhith on Wednesday said the decision whether the proposed excise duty on bank deposits will be withdrawn or reduced will be taken after discussion in parliament. “Jatiya Sangsad is now discussing the proposed duty and on the basis of the discussion, the rate of excise duty is likely to be changed,” he told journalists after a meeting of the Cabinet Committee on Government Purchase (CCGP) at the Cabinet Division in the capital. Muhith also said the duty on bank accounts is not a new thing as there was such duty before, reported ...

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Finance Minister unveils country’s 46th national budget

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MNA Business Desk: Finance Minister Abul Maal Abdul Muhith is unveiling Tk 4 trillion national budget for 2017-18 financial year (FY18) at the National Parliament. He started reading out the annual financial statement at Jatiya Sangsad (national parliament) at 1:40pm. Earlier, the cabinet, chaired by Prime Minister Sheikh Hasina, approved the national budget for placing in the parliament. About a total of expenditure, Tk 2.88 trillion is expected to come from the revenue earnings. But the budget, which Muhith claimed to be his best among the 11, will have a deficit of Tk 1.12 trillion, which is 5% of the ...

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