As per FE Circular No. 08 dated 20 January 2025, the usance period for imports of industrial raw materials (including back-to-back imports), agricultural implements, and chemical fertilizers under suppliers’/buyers’ credit was extended from 180 days to 360 days, effective until 31 December 2025. This circular reiterates that the instructions under the above-mentioned circular will remain […]

The Bangladesh Parliament recently repealed the Land Development Tax Ordinance of 1976 and introduced the new Land Development Tax Act 2023. The primary objective is to streamline land-related taxes and introduce several new provisions. Under the new law, individuals or families engaged in agricultural activities are exempt from paying land development tax if they own […]