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 Ju...

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 introduced in the guideline and the VAT rate on mobile handset assembling was declined to 5%.

Finance Minister Abul Maal Abdul Muhith placed this amended proposal during delivering his closing speech on budget i...

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 taken on June...

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...

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 r...

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 th...

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 businesses.  

Minister said- Utilizing internet or social media, different trades on products or services are remarkably grown up....

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 research institution ‘CSI’, la...

bKash to Charge Less over Transactions in App

May 17 2018 | TW News Correspondent

bKash has reduced taka 3.50 as cash out charge through mobile apps. Now it has been fixed taka 15.00. Besides, bKash has also withdrawn the charge in regard of sending money to personal numbers. The bKash app was launched officially at a local hotel o...