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  • Budget 2013 - 14 Overview

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    hossainmz
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    The document summarizes key aspects of Bangladesh's 2013-2014 budget including: 1) Key economic indicators for 2012-2013 showing inflation at 7.9%, GDP growth at 6.3%, export growth at 10.1%, import growth at 6.1%, remittance inflows growth at 16%, and foreign exchange reserves at $14.5 billion. 2) The budget estimates revenue at 1.67 trillion taka, expenditures at 2.22 trillion taka, and a budget deficit of 550 billion taka. 3) The objectives of the budget are to revert investment downturns, control inflation, and revitalize economic growth.

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    The document summarizes key aspects of Bangladesh's 2013-2014 budget including: 1) Key economic indicators for 2012-2013 showing inflation at 7.9%, GDP growth at 6.3%, export growth at 10.1%, import growth at 6.1%, remittance inflows growth at 16%, and foreign exchange reserves at $14.5 billion. 2) The budget estimates revenue at 1.67 trillion taka, expenditures at 2.22 trillion taka, and a budget deficit of 550 billion taka. 3) The objectives of the budget are to revert investment downturns, control inflation, and revitalize economic growth.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    4 views9 pages

    Budget 2013 - 14 Overview

    Uploaded by

    hossainmz
    The document summarizes key aspects of Bangladesh's 2013-2014 budget including: 1) Key economic indicators for 2012-2013 showing inflation at 7.9%, GDP growth at 6.3%, export growth at 10.1%, import growth at 6.1%, remittance inflows growth at 16%, and foreign exchange reserves at $14.5 billion. 2) The budget estimates revenue at 1.67 trillion taka, expenditures at 2.22 trillion taka, and a budget deficit of 550 billion taka. 3) The objectives of the budget are to revert investment downturns, control inflation, and revitalize economic growth.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 9

    Key economic indicator of 2012 - 2013

    Inflation GDP Export growth Import growth Remittance inflows growth Foreign Exchange Reserve (End May 2013)

    7.9% 6.3% 10.10% 6.10% 16% USD 14.5 billion

    Prepared by Amzad Hossain

    Budget 2013 - 2014

    Estimates of Revenue Income Tk. 1,67,459 crore Estimates of Expenditure Tk. 2,22,491 crore Budget Deficit Tk. 55,032 crore

    Prepared by Amzad Hossain

    Objectives of budget 2013 - 14

    Reverting the investment downturn, both public and private;

    Controlling inflation;
    Revitalizing economic growth momentum.

    Prepared by Amzad Hossain

    Import Duty and Supplementary Duty

    Issues Capital goods Acrylic yarn Digital cameras and web camera Server Rack - IT Optical Fibers Fire Extinguisher

    Existing CD/SD 3% 5% 25% 25% 12% 12%

    Proposed CD/SD 2% 0% 10% 10% 10% 5%

    Recondition Vehicles price will decrease as proposed allowable depreciation limit increased

    Prepared by Amzad Hossain

    Proposed Personal Income Tax Rates


    Existing Income Slabs On first Tk. 2,00,000 of taxable income On next Tk. 3,00,000 of taxable income On next Tk. 4,00,000 of taxable income On next Tk. 3,00,000 of taxable income On the balance of taxable income Proposed Income Slabs On first Tk. 2,20,000 of taxable income On next Tk. 3,00,000 of taxable income On next Tk. 4,00,000 of taxable income On next Tk. 3,00,000 of taxable income On the balance of taxable income Tax rate Nil 10% 15% 20% 25%

    Prepared by Amzad Hossain

    Proposed Personal Income Tax Rates

    Also proposal to increase personal income tax for women taxpayers and senior citizens aged over 65 years from Tk. 2 lakh 25 thousand to taka 2 lakh 50 thousand and for the physically challenged taxpayers from taka 2 lakh 75 thousands to taka 3 lakh.

    Prepared by Amzad Hossain

    Proposal Tax Rebate on Investment

    Existing Investment Ceiling in taka


    Investment ceiling as percentage of total income Percentage of Tax rebate

    Proposed

    10,000,000 15,000,000 20% 30%

    10%

    15%

    Prepared by Amzad Hossain

    Income Tax for Salaried Individual

    Issues Income Tax Return Adjustment of Tax Payable on Salary Income With Other Tax Deducted/ Collected at Source

    Existing 8 pages Not adjustable 1,80,000 24000

    Proposed 2 pages Adjustable

    Tax-exempted House Rent Allowance for Salaried Taxpayers


    Tax-exempted Conveyance Allowance

    240000 30000

    Prepared by Amzad Hossain

    Thank you

    Prepared by Amzad Hossain

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