Incomes from digital ads set to come under VAT net

The National Board of Revenue (NBR) has formed a committee to collect year-wise data on the incomes of social media platforms and search engines from the digital advertisements of local firms and bring it under VAT net. Besides, the NBR...

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The insurance regulator has appointed external auditors for most life insurers to verify the latter's 'high' management expenses. Insurers incur higher expenses when they procure business and such type of expenditure weakens the financial health of the companies. The Insurance Development and Regulatory Authority (IDRA) has appointed 27 auditing firms to carry out special audit of the accounts of 27 life insurers, out of the total number of 32, as per the Insurance Act of 2010. "This is a sort of inspection [of the insurers], as we often fail to conduct on-site inspection for shortage of manpower," said Gokul Chand Das, a member of the IDRA. The regulator will take action as per the law if insurers are found having...

ACI Agribusiness demonstrates ‘Fosholi’ in BASIS SOFTEXPO

ACI Agribusiness, Bangladesh’s largest integrator of agricultural inputs is attending the ongoing 15th BASIS SOFTEXPO 2019, the largest private sector exposition aimed at showcasing IT and ITES products and services in Bangladesh. ACI Agribusiness is showcasing  agricultural advisory app ‘Fosholi’...