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The department sells saving certificates to the general public. The government pays interest on the saving certificate and they are considered government liabilities. Investors prefer saving certificates due to a lack of faith in Banks. The government has attempted to decrease the sales of saving certificates through raising interests. [3] [4] [5]
National Savings Certificate in Bangladesh encompasses different types of savings schemes operated by National Savings Department, Bangladesh. It is supervised by Internal Resources Division of Ministry of Finance of Government of Bangladesh. Every year the profit margins of these schemes are declared after cutting the 5% source tax.
NBR is the authority for tax policies and tax laws in Bangladesh. [1] [2] NBR collects almost 97% of tax revenue and almost 85% of total revenue for the government of Bangladesh. [3] The Customs, Excise and VAT Appellate Tribunal is a tribunal under the National Board of Revenue established in 1995. [4] [5]
NBR is responsible for the formulation and continuous re-appraisal of tax-policies and tax-laws in Bangladesh. Negotiating tax treaties with foreign governments and participating in inter-ministerial deliberations on economic issues having a bearing on fiscal policies and tax administration are also NBR's responsibilities.
The real estate industry in Bangladesh operates under various laws and regulations, including: Town Improvement Act, 1953: This act established Rajdhani Unnayan Kartripakkha (RAJUK) and gives it the authority to plan, develop, and expand Dhaka city, also granting the government powers to acquire land, construct buildings, and address issues of congestion and inadequate housing.
It is the National Authoritative Board on building planning, estates and resources, plot allotment, and construction approvals from both public and private entities. It utilizes the Dhaka Improvement Trust (Allotment of Land) Rule of 1969 and The Town Improvement Act of 1953, both scribed since before the Independence of Bangladesh.
Bangladesh House Building Finance Corporation (BHBFC) is a specialized public financial institution that finances the construction and renovation of houses and purchasing residential apartments in all over Bangladesh and its headquarters is located in 22 Purana Paltan, Dhaka.
SNB consists of multiple lines of business: It delivers a number of services to the public on behalf of departments and agencies including the Canadian government and New Brunswick municipalities. SNB offers three channels of delivery: in person through a network of service centres; over the phone (TeleServices); and online at www.snb.ca.