Factoring & bill discounting: Meeting working capital needs

Bangladeshi businessmen often face short-term cash crisis before and after producing certain goods, especially until the payment for sales and exports is made. There are mechanisms to resolve the problem but they are yet to be properly functional. Factoring and bill discounting are such financing products.Practically, manufacturers and traders need...

The new VAT Act: A compromise outcome—II

IMPLICATIONS OF THE MODIFIED/ AMENDED VAT ACT 2012: What is understood according to the VAT law details provided is that only taxpayers paying 15 per cent VAT rate are eligible for input tax credit while taxpayers paying VAT at various other rates will not be eligible for input tax credit....