Income Tax Rates in Bangladesh for 2023-2024
Generally, there are three types of tax systems around the world. These are Progressive tax system, Regressive tax system, and Proportional tax system. In a Progressive tax system, the tax…
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Understanding the Tax Structure in Bangladesh
Bangladesh’s economy is among the fastest-growing in the world. The national budget plays a crucial role in this growth. In Bangladesh, over 80% of government revenue comes from taxation. Understanding…
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International Accounting Standards (IAS)-2: Inventories
In the business world, there are rules and guidelines that must be followed to ensure the accuracy of financial statements. International Accounting Standard (IAS)-2: Inventories, is one of the most…
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Dhaka International Trade Fair
The 28th Dhaka International Trade Fair opened at the Bangabandhu Bangladesh-China Friendship Exhibition Center (BBCFEC) in Purbachal, Dhaka on 21 January 2024. The fair will be a month-long till 21 February…
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Book Fair, Bangladesh
The book fair in Bangladesh, known as ‘Amar Ekushey Boi Mela,’ commenced on February 1, 2024. This literary event will continue throughout the entire month. The fragrance of books and…
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Evolution of IAS/IFRS?
International Accounting Standards (IAS) is the global language for business affairs to ensure that financial statements are comparable, transparent, and easy to understand. Standards establish the framework for preparing and…
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TDS & VDS Calculator 2
In Bangladesh, Tax Deducted at Source (TDS) and VAT Deducted at Source (VDS) are the most important for revenue collection mechanisms of the National Board of Revenue. Whether you’re an…
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IAS 1: Presentation of Financial Statements
Commencing the Journey into IAS-1: International Accounting Standard 1, also known as IAS 1 is about Presentation of Financial Statements. It’s the guide that ensures every company speaks the same…
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Why IAS transitioned to IFRS?
Why IAS transitioned to IFRS? In 2001, the transition from International Accounting Standards (IAS) to International Financial Reporting Standards (IFRS) occurred. Let’s discuss the reasons below: How many Financial Reporting…
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What is International Accounting Standards (IAS)?
International Accounting Standards (IAS) are guidelines and standards developed by the International Accounting Standards Board (IASB). IAS provides a common framework for the company and businesses around the world. Accordingly,…
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