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The Financial Reporting Act 2015 (known as FRA 2015) is an act created by the Bangladesh National Assembly. The act was passed on September 6, 2015, in order to follow the accountability and transparency of the financial reporting procedures in the country. On September 9, 2015, the act was officially published by the Government of Bangladesh.
Corporate tax rate. The tax law imposes income tax at 25 percent on listed entities and 32.5 [2] percent for non-listed entities. Corporate tax rate changes announced this year include: an additional surcharge of 2.5 percent on income of companies in the tobacco sector. a reduction of the corporate income tax rate for companies in the readymade ...
The Vth Pay Commission recommendations were implemented since 1.1.1996 and consequently DA rate wef 1.1.1996 became 0. Further in 1994 Central Government merged 50% of the Dearness Allowance (DA) with the basic pay w.e.f. 01.04.2004 and the Dearness Allowance continued to be calculated with reference to the AICPI (IW) average as on 1 January ...
The present Finance Minister of the Bangladesh Awami League government first introduced a 10% VAT upon higher education in private universities in the draft of budget of 2015–16. Following strong opposition, the VAT was reduced to 7.5%. The imposed VAT was withdrawn by the finance division after a cabinet meeting on 14 September 2015.
The 2015 Bangladeshi political crisis is an ongoing state of political turmoil between the two main political parties of Bangladesh, the Awami League (AL) led by prime minister Sheikh Hasina who is currently in power, and the Bangladesh Nationalist Party (BNP) in opposition, led by three time former prime minister Khaleda Zia.
Minimum Wage Board was established in 1959 by the Government of Pakistan based on the International Labour Organization conference in 1928. [2] The board is responsible for establishing the minimum wage for all industries including the Textile industry in Bangladesh. [3] [4] According to Bangladesh labor law, minimum wages must be revised every ...
The financial system of Bangladesh consists of three broad sectors. [1] They are. Formal sector. Semi-formal sector. Informal sector. The sectors have been categorized in accordance with their degree of regulation. The formal sector includes all regulated institutions like banks, non-bank financial institutions (FIs), insurance companies ...
2021( 2021)National Budget of Bangladesh. The 2021 National budget of Bangladesh was presented by the Minister of Finance Mustafa Kamal on 3 June 2021. The National budget is for the fiscal year beginning on 1 July 2021, and ending on 30 June 2022. The budget was the second to be presented amid the Coronavirus pandemic.