5 news articles tagged with "IMF"
The number of crorepatis (individuals with assets over Tk 1 crore) in Bangladesh jumped by 21 percent during the interim government's tenure, according to Bangladesh Bank data.
Bangladesh is likely to announce the 9th national pay scale only after IMF loan negotiations conclude in October. The IMF has advised a two-year deferral, citing weak revenue mobilisation and fiscal pressures. The National Pay Commission had recommended 100-140% salary increases.
The National Board of Revenue targets Tk 2.57 lakh crore VAT for FY2026-27, banking on four pillars: compliance gap reduction (Tk 38,000cr), economic growth (Tk 20,000cr), ADP implementation (Tk 15,000cr), and tobacco sector monitoring (Tk 12,000cr).
Bangladesh's energy sector has become a macroeconomic threat with import bills surging from $4.3B to $11.2B and subsidies absorbing 22% of tax revenue, according to PRI's Sadiq Ahmed. He proposes six bold reforms including deregulation, corporatisation, and depoliticised pricing.
Corporate income tax revenue in Bangladesh stands at 1.5-1.8% of GDP, around half the level of peer economies, according to OECD. Tax exemptions amounted to 69% of total direct tax collected in FY 2022-23.