Many small businesses closed, opportunities lost, but tax collection increases – How?

Taxation

It is apparently perplexing how the government’s income tax revenue has grown at more than 20 per cent when economic activities and jobs have shrunk amid a pandemic of over one and a half years. Rasel Mia, a popular dressmaker for fashion designers based in Metro Shopping Mall in the city’s Dhanmondi area, finds it hard to understand how businesses can overcome uncertainties created out of the pandemic. He used to get huge orders from customers especially before Eid festivals, and Pohela Boishakh. In January 2020, he started expanding his…

Read More