Tags : Income
Submission of online tax returns allowed all year round
The National Board Revenue on Sunday said that the submission of income tax returns by individual taxpayers online could be made all year round.
NBR extends deadline for submitting income tax return
The National Board of Revenue on Thursday announced deadline extension for filing income tax returns for both individual taxpayers and companies...
Taxpayers can submit returns round the year online
Taxpayers can submit their income tax returns round the year through online system, but they have to pay extra charge...
Tax on motorcycle, AC manufacturers鈥� income doubled
The National Board of Revenue has increased income tax on industries making motorcycle, freezer, refrigerator and air conditioner in a move to increase revenue generation from direct tax...
Over one million tax returns filed online
The number of income tax returns filed online has surpassed 10 lakh, with registrations for online return filing exceeding 16 lakh.
Low, middle income people endure long queues
People from lower to middle-class backgrounds endure long queues at the open market sales points of Trading Corporation of Bangladesh in Dhaka city as rising inflation pushed essential commodity prices higher...
Over five lakh filed tax returns online
The National Board of Revenue has so far received over 5,00,000 income tax returns online, the number is 129 per cent higher than the same period of the of the previous year...
Implementation of universal basic income could reduce poverty: study
The introduction of a partial universal basic income programme at the national level could reduce poverty by 6.13 per cent, with rural areas benefiting the most with an 8.14-per cent poverty reduction, compared with a 1.85-per cent decrease in urban areas, according to a study...
NBR sets fees for online income tax payments
The National Board of Revenue on Wednesday issued guidelines on determining fees on online income tax payments in Bangladesh...
Number of online tax return filing crosses 2 lakh
The number of online income tax return filings has crossed 2,00,000 amid growing interest among taxpayers to comply with the rules and avoid the hassles of visiting tax offices.
Grameen Bank tax exemption facility reinstated聽聽聽
Microcredit lender Grameen Bank will enjoy income tax exemption until 2029 upon conditions, including submission of annual income tax returns.
Beyond LDC hype: is Bangladesh ready for challenges?
THE World Bank measures per capita national income using the Atlas method. The total national income (GNI) of a country in local currency is converted into US dollars. In this case, the average exchange rate for three years is adjusted, accounting for inflation and fluctuations in the exchange rate. There is often a difference...
NBR forms taskforce to reform income tax law
The National Board of Revenue has formed a task force to reform the income tax law with the objective of making the rules people- and business-friendly...
Court orders freezing of tax files of ex-BB deputy governor
A Dhaka court today gave an order to seize income tax files of Bangladesh Bank's former deputy governor Sitangshu Kumar Sur Chowdhury, his wife Suporna Sur Chowdhury and daughter Nandita Sur Chowdhury...
World Bank offers roadmap to avoid 鈥榤iddle-income trap鈥�
More than 100 countries, including China, are at risk of entering a 鈥榤iddle-income trap鈥� and failing to become wealthy nations, the World Bank said Thursday as it unveiled a 鈥榗omprehensive roadmap鈥� to reach high-income status...
Tulip Siddiq investigated over London property income
British minister and Labour Party lawmaker Tulip Siddiq, also the niece of Bangladesh prime minister Sheikh Hasina, is being investigated by the United Kingdom parliament鈥檚 standards watchdog over a failure to register rental income on a London property...
Low-income people hit hard amid curfew
People from low-income group, including rickshaw pullers and day labourers, in the capital are grappling with a scarcity of work amid the countrywide curfew imposed from midnight past Friday after at least 112 people were killed across the country in July 16鈥�19 in the movement over quota reform in government jobs...
Finance ministry dismisses GDP correction
The finance ministry on Tuesday dismissed the reported apprehension about reduction of gross domestic product and per capita income following correction of the export earnings in the just concluded FY24...
Expansion of crab farming can boost exports: experts
With the global demand for crabs on the rise, expanding crab farming in Bangladesh presents a significant opportunity for the country to boost its export income, said experts...
Govt must act to clear tax case backlog to increase revenue
AN AMOUNT of Tk 800 billion in revenue having been stuck because of about 30,000 cases pending with the Supreme Court, tax appeals commissioners and tax appellate tribunals largely suggests indifference, if not negligence, on part of government authorities. The cases involve, as revenue board statistics show, Tk 403.89 billion in 11,007 cases related to income tax...
All is not well
WITH a population of nearly 170 million in an area of 147,570 square kilometres, Bangladesh is the eighth most populated country in the world. It is still one of the least developed countries, poised to graduate to a developing country by 2026 and a developed country by 2041...
Budgetary support for holders of undisclosed wealth unacceptable
THE proposed budgetary provision for legalising illicit income has drawn criticism of economists, civil society actors and, even, ruling Awami League lawmakers. The proposal says that no authority can raise any questions if people willing to legalise undisclosed wealth pay taxes at fixed rates for immovable property such as flats and land and 15 per cent tax on other assets...
Recover laundered money to check inequality: BEA
To check rising income inequality, the government should focus on alternative sources of revenues, including wealth tax, recovery of laundered money, recovery of undisclosed money and tax on foreign citizens, said the Bangladesh Economic Association on Monday...
Rising per capita income, rising inequality
OUR per capita income now stands, as the Bangladesh Bureau of Statistics says, at $2,784, or Tk 3,06144. Many of us think that the increase in per capita income means...
Candidates鈥� affidavits, tax returns mismatch
Anti-graft watchdog Transparency International Bangladesh found a mismatch between the affidavits and income tax returns of many wealthy candidates for the third phase of the upazila parishad election slated for May 29...
Fixed-income group changing habits to maintain family expenses
The fixed income group, usually drawing salaries from a job, and large swathes of the middle class are facing an uncomfortable situation in the kitchen market, as minimum prices of vegetables at Tk 50, and fish or chicken a minimum Tk 230 per kg...
Bangladesh鈥檚 per capita income increased to $2,784 in the FY 2023-24: BBS
The per capita income of Bangladesh stands at $2,784 in the current fiscal year, slightly higher than the previous fiscal year.....
Approach to agricultural income
AGRICULTURE has played a vital role in Bangladesh鈥檚 gross domestic product since independence in 1971. Through the years, the economy of Bangladesh grew, and the income of the country surged from different other sectors, such as the service sector and manufacturing sector...
SC allows income tax collection from all pvt universities
The Appellate Division of the Supreme Court on Thursday cleared the way for the National Board of Revenue to collect outstanding income tax from three private universities...
