Mobile Banking Progresses More than E-Payment

August 01 2018 | TW News Correspondent

Despite having sufficient development of transaction system in country’s banking channel, Mobile Banking progressed much in comparison with e-Payment system. Considering the difference between...

Palli Bidyut Bill Collection from bKash

July 11 2018 | TW News Correspondent

From now on, Palli Bidyut subscribers will be able to pay their bills through bKash accounts from anywhere in the country. Post, Telecommunication and ICT Minister Mustafa Jabbar inaugurated this new service of bKash on July 9 at a local hotel in Dhaka.

In the inauguration ceremony, Mustafa Jabbar said- Government is giving their best effort to establ...

VAT Rate Reduced on Mobile Phone Assembling

June 28 2018 | TW News Correspondent

National Board of Revenue (NBR) issued a guideline on June 7 regarding imposing 15% VAT on mobile handsets assembling. But, later, there was an amendment introduc...

Mustafa Jabbar Makes 5% VAT Cut on Internet Use

June 27 2018 | TW News Correspondent

Government is to cut 5% VAT more on internet use. Therefore, among the existing 15% VAT, 10% gets exemption.

Earlier on last June 21, a decision was taken to reduce up to 5% VAT on internet use. Later, Mustafa Jabbar requested the honorable Finance Minister Abul Maal Abdul Muhith for VAT cut a little bit more. Then, as per decision t...

Students Allowed for Credit Cards on ‘Sixteen’

June 24 2018 | TW News Correspondent

From now on, students are allowed to use credit cards on 16 years of age. But, this credit card will be provided to their guardians. They will get the additional or supplementary card. Credit card user must be student and above 16 years of age. Central Bank has introduced this amendment regarding credit card users’ age issue through a communiqué.

Previously, anyone of 16 to 18 years of...

Products to be Exported in e-Commerce

June 13 2018 | TW News Correspondent

From now on, online shopping companies will get the opportunity to export their products even to the individual foreign consumers through banking channel on regular basis. In this regard, Bangladesh Bank issued a guideline on June 11 which shows that bank will work as approved dollars in this channel and transaction for maximum $5000 will be...

15% VAT on Mobile Handset Assembling

June 09 2018 | TW News Correspondent

15% VAT has to be paid on mobile handsets assembling in the country which may bankrupt the investors of this recent uprising sector in the country, as the entrepreneurs think. According to them, due to this VAT, tax imposed on mobile handsets assembled in the country is more than the tax imposed on mobile phones imported from outside the country. As a result, the sector may...

Tax to be Imposed on e-Commerce and Virtual Businesses

June 07 2018 | TW News Correspondent

Different online based businesses are rapidly growing in the country. Government now intends to impose tax on such kind of business. In the budget session of the current fiscal year, Honorable Finance Minister Abul Maal Abdul Muhith has proposed to impose tax on virtual...

Mobile Banking Getting More Popular than Online

May 31 2018 | TW News Correspondent

Mobile banking service is getting popular rapidly throughout the world. During last five years, usage of banking apps got increased 34 lakh per year on an average. As per a report of financing service...