...Time and method of payment of VAT (Section 6): The provisions with regard to time and method of payment of VAT are as under: a) In case of imported goods, the method of payment of VAT will be the same as customs duty as per Customs Act. b) In the case of goods manufactured, produced, imported, purchased, or procured or collected in any manner by a registered person or by a person qualified for registration, VAT would be payable (on the taxable goods) at the time of the following which occurs first: • When goods are delivered or supplied; • When Chillan relating to the goods to be delivered or supplied is issued; • When goods are taken for personal use or for use of others; and • When payment is received in full or in part c) In case of service rendered by registered person or by a person qualified for registration, VAT would be payable (on the taxable services) at the time of the following, which occurs first: • When the service is provided; • When the invoice relating to the service is provided; and • When payment is received in full or in part. Imposition of value added tax (VAT) – Section 3 1) The value added tax is chargeable and payable at the rate of 15% on the value mentioned in section 5, on all goods imported into Bangladesh, except the goods mentioned in the First Schedule of the Act and on the supply of all goods not listed in the said Schedule and on all services...
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...ASSIGNMENT OF PUBLIC FINANCE ON The importance of broadening the Income Tax Base SUBMITTED TO Tanvir M H Arif, MIBM (UWL/TVU, UK); MBA (CU, BD) Assistant Professor, Department of Finance and Banking. University of Chittagong, Chittagong, Bangladesh. Ex-Asst. Professor, FBA, USTC ; Ex-Lecturer, AUB, Dhaka. And CEO, Corporate Trainer and Consultant (CTC), Chittagong, Bangladesh. UK Experiences: Adjunct Faculty of BRIT College, London Ambassador College and Nelson College. SUBMITTED BY GROUP D Group Profile| SERIAL NO.|NAME DETAILS|CLASS ID|E-MAIL ID| 01|SHAMIN JAHAN SHAWN|09303020|shahjahanh53@gmail.com[->0]| 02|JEWEL SHIL|09303036|takenfromlife@ymail.com[->1]| 03|TAMA SAHA|09303050|tama_cu@yahoo.com[->2]| 04|KUSHUM AKTER SOMA|09303056|Kushumsoma@yahoo.com[->3]| 05|DIPA BARUA|09303060|| 06|SHAMIM AKTHER|09303063|Shamim_cufb_17@yahoo.com| 07|HERO AKTER|09303085|hiruakter@gmail.com[->4]| 08| K. A.M. ATAUL ISLAM|09303111|hassanmrhridoy@ gmail.com| 09|MOHAMMAD JAMIR UDDIN |09303113|Jamir_cu@yahoo.com[->5]| 10|MEJBAH UDDIN AHMED|09303118|mejbah118@gmail.com[->6]| 11|BIBI JOYNUB CHOWDHURANI|09303126|| CONTENTS Chapter -1| Introductory Part| 1.1 Introduction1.2 Aims and Scope of the study1.3 Methodology of the study1.4 Vision of the study1.5 Limitations of the study| Chapter -2| Income Tax Background| 2.1 History of Income Tax2.2 Importance of Income Tax2.3 Drawback of Income Tax| Chapter -3| Tax...
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...National budget analysis FY 2013-14 ------------------------------------------------- Acknowledgement At first we would like to express our gratitude to almighty God for enabling us with the strength and opportunity to complete the term paper within the schedule time successfully. We know that practical knowledge in subject matter is essential to sub assistant the theoretical knowledge gathered in the educational institution. In order to resolve the dichotomy between these two areas, we were assigned to prepare this term paper on national budget analysis of FY13-14. First and foremost, we would like to express our gratitude to Imrana Sharmin, senior lecturer, Dept. of Economics. Her Eagerness to help us in every step of learning encouraged us to drive ourselves accomplished and well understood. Chapter No. | Description | Page | 01 | Introduction * Background of the Study * Purpose, Scope of the Study * Methodology of the Study * Review of existing literature * Limitation of the Study | 02 02 02 03 04 | 02 | Economy and Capital market * Economic Highlights * Key Economic indicators * Incentive for Capital Market | 06 07 07 | 03 | Revenue Analysis * Total Revenue composition * Total Tax Revenue Composition * Revenue Estimates | 10 10 11 | 04 | Government Expenditure * Public Sector * Power and Energy * Education *...
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...best economic use. They also have a political basis wherein different interests push and pull in an attempt to obtain benefits and avoid burdens. The technical element is the forecast of the likely levels of revenues and expenses. Rational Of The Study: The Paper is assigned by our course teacher Ast. Prof. Md. Shariful Alam Khandakar as a part of our“Taxation” course. The topic of our Assignment paper is “Budget Analyse of FY 2012-13’ impacts”. By conducting this Assignment we can enhance our knowledge and skill to apply various research methods in professional life on higher educational life. The assigned task has given us a chance to raise our quality in developing research instrument and its applications. By doing so, we can boost our acceptability in economy and develop our real life knowledge. Objectives of the Study: The main objective of the study is to analyze the present (FY11-12) budget of Bangladesh &show its sectored impact. Moreover This study has the following objectives: • To know about Budget. • To know the nature & practice of Budget. • Analyze the FY12-13 BD budget. • Impact of the budget in the economy Scope of the...
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...TAX Expanding your horizons? A guide to setting up business across the Middle East and North Africa region KPMG E x p a n d i n g y o u r h o r i z o n s ? A guide to setting up business across the Middle East and North Africa region E x p a n d i n g y o u r h o r i z o n s ? A guide to setting up business across the Middle East and North Africa region Contents Pages Introduction 1 Algeria 3 Bahrain 8 Egypt 12 Iran 17 Jordan 20 Kuwait 23 Lebanon 26 Morocco 30 Sultanate Of Oman 36 Qatar 41 Kingdom Of Saudi Arabia 47 Sudan 51 Syria 55 Tunisia 58 United Arab Emirates 62 Yemen 66 E x p a n d i n g y o u r h o r i z o n s ? A guide to setting up business across the Middle East and North Africa region Introduction The Middle East / North Africa (“MENA”) region is one exemplified by inherent diversity. Such variation is widely demonstrated in the array of culture, language, geography and economics. Stretching from Morocco to Iran, each country has its own distinct makeup of natural resources and global outlook. As an inevitable result, political and economic events of recent decades have affected the representative nations in dramatically different ways. Certain countries have enjoyed the benefits of significant natural resources (e.g., substantial oil reserves) while others have undergone political changes that have seen their respective...
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...B of BANGLADESH A N G L A D E S H R E S E A R C H The State of Bangladesh Debt Market A u g u s t 0 6 , 2 0 0 1 ™ End June 2000 Bank Deposits, 72.19% Tk 749.32 billion Debt Market, 27.81% Tk 288.64 billion Government, 99.64% Tk 287.60 billion Treasury bills, 26.58% Tk 76.45 billion Treasury bonds, 13.91% Tk 40.01 billion Savings schemes, 59.28%Tk 170.48 billion ™ Private, 0.36% Effective Yield Tk 1.04 billion 8.63% 7.02% 11.49% 16.58% 7.26% 13.98% The financial sector of Bangladesh is characterized by strong presence of commercial banks, especially state-owned ones. Most of the available funds are bagged by the banks in the form of deposits and channeled for investment through lending. However, they have a substantial bad loan portfolio. Especially Nationalized Commercial Banks (NCBs), receiving the largest pool of funds from general depositors, are suffering from the problem, which has taken a deep root. The dominance of banks, with their huge bad loan portfolios and non-transferability of most of the debt/savings instruments are regarded as the prime hindrance in the development of a debt market per se. Lack of institutions with expertise in debt products, not so high credibility of the corporate borrowers, and absence of any credit rating agency, have been discouraging factors. It is our view at AIMS that the spectrum of financial products available in the developed market could be tailored to match...
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...Small and Medium Enterprises Business Guide SMALL AND MEDIUM ENTERPRISES (SME) BUSINESS GUIDE SUPPORTED BY MARCH 2008 1 Uganda Investment Authority © 2008 Small and Medium Enterprises Business Guide Foreword The Uganda Investment Authority (UIA) is proud to introduce this first Small and Medium Enterprises Business Guide. Small and Medium Enterprises (SME) are the backbone of the Ugandan economy. They contribute to job creation and poverty reduction. SMEs need to be supported to grow from small enterprises to medium and large businesses. This guide provides information and contacts on business licensing, access to finance, entrepreneurship skills training, business development services, and taxation/incentives. I wish to especially thank the Icelandic International Development Agency (ICEIDA) which has funded not only this guide but also entrepreneurship skills training and business development support for SMEs. Uganda Investment Authority has partnered with Makerere University Business School, Management Training and Advisory Centre and Uganda Women Entrepreneurs Association Limited to deliver these services. To my fellow entrepreneurs, I encourage you to use this Small and Medium Enterprises Business Guide to increase the profitability of your business. Patrick Bitature Chairman Uganda Investment Authority 2 Uganda Investment Authority © 2008 Small and Medium Enterprises Business Guide Table of Content I. INTRODUCTION ............
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...Chapter One Introduction, Products & Offerings of Prime Bank Limited 1. Introduction The Jews in Jerusalem introduced a kind of banking in the form of money lending before the birth of Christ. The word 'Bank' was probably derived from the word 'bench' as during ancient time Jews used to do money -lending business sitting on long benches. First modern banking was introduced in 1668 in Stockholm as 'Svingss Pis Bank’, which opened up a new era of banking activities throughout the European Mainland. In the South Asian region, the Afghan traders popularly known as Kabuliwallas introduced early banking system. Muslim businessmen from Kabul, Afghanistan came to India and started money lending business in exchange of interest sometime in 1312 A.D. They were known as 'Kabuliwallas'. The number of banks in all now stands at 48 in Bangladesh. Out of the 48 banks, 4 are Nationalized Commercial Banks (NCBs), 30 local private commercial banks, 9 foreign banks and the rest five are Development Financial Institutions (DFIs). Sonali Bank is the largest among the NCBs while Pubali is leading in the private ones. Among the 9 foreign banks, Standard Chartered has become the largest in the country. Besides the scheduled banks, Samabai (Cooperative) Bank, Ansar-VDP Bank, Karmasansthan (Employment) Bank and Grameen bank are functioning in the financial sector. The number of total branches of all scheduled banks is 6,038 as of June 2000. Of the branches, 39.95 per cent (2,412) are located...
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...Internship Report Subject: Interrelation Between Products, Interest RATES & Terms Of Finance Internship Organization: United Leasing Company Limited 22 , Kazi Nazrul Islam Avenue, Dhaka Prepared for: Internship Supervisor Mr. Imran Rahman Associate Professor IBA, Univ. of Dhaka Prepared by Maruf Haider ZR 33, BBA 10th Institute of Business Administration University of Dhaka. June 25, 2006 June 25, 2006 Mr. G. M. Chowdhury Chairman Internship & Placement Program Institute of Business Administration University of Dhaka Dear Sir: I am glad to submit my Internship Report for the Internship Program (BBA 10th, 2006), herewith. I considered your remarks and instructions very carefully while preparing this report. I tried my level best to follow your schedule, format and discipline. I tried to comprehend all the areas related to this report. This has certainly enhanced my knowledge base with a practical orientation. Thank you for your consideration. Sincerely Yours, Maruf Haider ZR -33 , BBA 10th IBA Univ. of Dahaka Table of Contents Section 1 –Organization report 1.1 Background of ULC 1.2 Corporate Objective 1.3 Capital, Sponsors and Share Structure 1.4 Board of Directors 1.4.1 Executive Committee 1.5 Organizational Structure 1.5.1 Management 2.1 Lease Portfolio and Sector wise Exposure 2.2 Performance of ULC at a Glance 2.3 SWOT Analyses...
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...This is Grameenphone November 11, 1996 Awarded operating license in Bangladesh by the Ministry of Posts and Telecommunications. March 26, 1997 Launched its service on the Independence Day of Bangladesh. November 11, 2009 Successfully listed on the Stock Exchanges in Bangladesh. After fifteen years of operation More than 35 million subscribers and around 87 thousand Shareholders as of December 2011 are now empowered under a single network and touched by the magic of closeness. Annual Report 2011 02/03 More than 35 Million subscribers History & Grameenphone Milestones 2010 Launched New Tariff Plan, ‘MobiCash’ Financial Service Brand, Ekota for SME, Baadhon Package, Mobile Application Development Contest & Network Campaign; Reached 29.97 Million Subscribers 2008 Introduced BlackBerry Service; 2011 Launched ‘My zone’- location based discount on usage, Micro SIM cards for iPhone, Spondon Package with 1-sec pulse; Grameenphone Branded Handset (C200, QWERTY handset ‘Q100’ and Android Handset ‘Crystal’), Customer Experience Lab, eCare solution; Completed swapping of 7,272 nos. of BTS; Reached 36.5 Million Subscribers 2009 Listed on Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd.; Launched Internet Modem, Special Olympic Regional Talent Hunt, Stay Green Campaign, Internet Package P5 & P6, Grameenphone Branded Handset & Studyline; Reached 21 Million Subscribers Commissioned Brand Positioning & ...
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...1 ANNUAL REPORT 2014 Table of contents ABOUT THE COMPANY Letter of Transmittal Corporate Information Milestones Board of Directors and Management Brand Values Products 3 4 5 6 -8 9 10 OPERATING RESULTS Summary of Key Operating & Financial Data 11-12 AGM & COMPANY PERFORMANCE Notice of 35th Annual General Meeting Chairman’s Message to Shareholders Report of the Board of Directors 13 14 ANNUAL REPORT 2014 15 - 19 1 Table of contents COMPLIANCE REPORT Corporate Governance Compliance Report 20 - 38 FINANCIAL RESULTS Auditors’ Report to the Shareholders Statement of Financial Position Statement of Comprehensive Income Statement of Changes in Shareholders’ Equity Statement of Cash Flows Notes to the Financial Statements Unit-wise Working Result Schedule of Non- Current Assets Certificate on Review of financial statements PROXY FORM 39 - 40 41 - 42 43 - 44 45 46 - 47 48 - 80 81 - 82 83 - 84 85 ANNUAL REPORT 2014 2 Letter of Transmittal December 6, 2014 Esteemed Shareholders Bangladesh Securities and Exchange Commission Dhaka Stock Exchange Limited Chittagong Stock Exchange Limited Registrar of Joint Stock Companies and Firms Dear Sir or Madam, Subject: Annual Report for the year ended June 30, 2014 It is our pleasure to inform you that the 35th Annual General Meeting of Olympic Industries Limited will be held on Wednesday, December 24, 2014 at 10:00 AM at our 2nd biscuit factory premises at Lolati, P.S. Sonargaon, District...
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...variety of jurisdictions, often at short notice. The rules relating to directorships vary considerably from jurisdiction to jurisdiction. This guide is intended to provide an overview of the duties and responsibilities of directors across 23 countries in Europe, answering the most frequently asked questions for directors coming from another jurisdiction. In many jurisdictions, there are various forms of company available, and there are different rules for directors according to the type of company used. This guide focuses for each jurisdiction on the most common form of company, and on the rules which apply to executive / managing directors. CMS is the organisation of independent European law and tax firms of choice for organisations based in, or looking to move into, Europe. CMS provides a deep local understanding of legal, tax and business issues and delivers client-focused services through a joint strategy executed locally across 28 countries with 52 offices in Western and Central Europe and beyond. CMS was established in 1999 and today comprises ten CMS firms, employing over 2,800 fee earners and is headquartered in Frankfurt, Germany. This guide is intended only to provide a general overview of the matters covered. It is based upon the law in each of the countries as at 1 June 2012. However, the information contained in this guide is not comprehensive and does not purport to be professional advice. For further information on rules for directors of private companies in Europe, contact...
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...Manual for the GMAT*Exam version 8.0 All rights reserved. No part of this manual may be reproduced for distribution to a third party in any form or by any means, electronic or mechanical, including photocopying, recording, or any information retrieval system, without the prior consent of the publisher, The Princeton Review. This Manual is for the exclusive use of Princeton Review course students and is not legal for resale. GMAT is a registered trademark of the Graduate Management Admission Council. The Princeton Review is not affiliated with Princeton University or the Graduate Management Admission Council. Permission to reprint this material does not constitute review or endorsement by the Educational Testing Service or the Graduate Management Admission Council of this publication as a whole or of any other sample questions or testing information it may contain. Copyright © 2003 by Princeton Review Management, L.L.C. All Rights Reserved. 800.2Review/ www.princetonreview.com ACKNOWLEDGMENTS Thanks to the following for their many contributions to this course manual: Tariq Ahmed, Kristen Azzara, Shon Bayer, John Bergdahl, Marie Dente, Russ Dombrow, Tricia Dublin, Dan Edmonds, Julian Fleisher, Paul Foglino, Alex Freer, John Fulmer, Joel Haber, Effie Hadjiioannou, Sarah Kruchko, Mary Juliano, Jeff Leistner, Sue Lim, Michael Lopez, Stephanie Martin, Chas Mastin, Elizabeth Miller, Colin Mysliwiec, Magda Pecsenye, Dave Ragsdale, “GMAT” Jack Schieffer...
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...Chapter: 01 Introduction Introduction: Bangladesh, 160 million peoples country is encompasses with thousands of Industries where service sector have taken the leading position in the country’s GDP in recent years. Banking sector is holding the leading position in order to take the GDP’s leader board of the table among the service industries. Last year Banking sector have contributed 48% of the country’s total GDP which is the clear indicator of pick position holder of the table. That rapid growth of the Banking service industry influenced a lot of people to involve their career in multiple sector of banking industry directly. So this is the perfect beginning t report the modern banking service in Bangladesh by South East Bank Limited where I have witnesses their performance growth in banking sector as an intern. Banking plays an important role in the economy of any country. In Bangladesh Muslim consist more than 80% of its population. These people possess strong faith on Allah and they want to lead their lives as per the construction given in the holy Quran and the way shown by the prophet Hazrat Mohammad (sm).But on Islamic banking system was developed here up to 1983.The traditional banking is fully based on interest it is commonly meant as commercial banks. But interest is absolutely prohibited by Islam. The main aim of traditional banking is to earn profit by borrowing and lending money in exchange of interest. As a result there is an unfair...
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...[pic] Internship Report On Overall Banking System of Jamuna Bank Limited [This internship report is submitted in partial fulfillment of the requirement for the degree of Bachelor of Business Administration (B.B.A)-Major in Accounting.] PREPARED FOR Farjana Yeshmin Assistant professor Head of Accounting Department of Business Administration Stamford University, Bangladesh. PREPARED BY MD. RASHAD UDDIN ID# BBA 037-11983 Batch 37th Department of Business Administration Stamford University, Bangladesh. LETTER OF TRANSMITTAL Date: November 12, 2012 Farjana Yeshmin Assistant Professor Head of Accounting Department of Business Administration Stamford University,Bangladesh Subject: Submission of Internship Report. Dear Madam, I am pleased to submit hereby the project paper of “Overall Banking System of Jamuna Bank Ltd.” for your kind evaluation. To prepare this report, I have given my best effort that would enhance the project report. This report attempts to describe my observations, learning during the study this course. I made sincere efforts to study related materials, documents, annual report and operational systems of Jamuna Bank Ltd. (Shantinagar Branch) and examine relevant records for preparation of the term paper’s have tried my best to make this term paper as comprehensive and informative as possible within the time allowed for me. Due to various...
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