Officers and employees of the National Board of Revenue continued their work abstention on Thursday, marking the second day of a three-day protest called by the NBR Reform Unity Council-a platform representing officials from the Customs, VAT, and Income Tax wings...
ACCORDING to the President鈥檚 Act 1975 (Remuneration and Privileges), as amended up to 2016, Section 3, the president鈥檚 salary is exempt from income tax. The president currently receives a monthly salary of Tk 120,000, entertainment allowance at actuals, fully furnished and maintained residential accommodation and government coverage for electricity, gas, water...
Britain鈥檚 unemployment rate has reached the highest level since August 2021, official data showed Tuesday, with businesses facing a UK tax hike and US tariffs...
The National Board of Revenue on Monday released a new tax expenditure policy with a provision of giving maximum five years of tax exemption to a company or an industry...
How do we ensure quality education for every child, regardless of socioeconomic background? The answer lies in a domain that receives far less public attention than it deserves 鈥� tax justice. As the government grapples with rising demands on public expenditure amidst declining international aid, domestic resource mobilisation through equitable taxation offers the...
The National Board of Revenue has initiated a move to track down owners of land, flats and buildings across the country in an effort to widen the country鈥檚 narrow tax net...
Hungary on Tuesday passed a law exempting women with two or three children from paying income tax as part of a costly drive to try to reverse population decline.
The National Board of Revenue (NBR) is contemplating the introduction of a more simplified process for compliant import duty and tax payers to import the goods they need, helping them to do business more easily...
The pre-tax profit represented a $3.2 billion decrease from the same period last year, with the firm attributing the drop mainly to disposals of its business in Canada and Argentina, a statement said...
The small and medium capital traders demanded easier VAT and tax management, easy access to finance, and an improved law and order situation...
The amount in tax evasion by the taxpayers reached approximately Tk聽226,236 crore in 2023, according to a study by the Centre for Policy Dialogue...
The National Board of Revenue has taken a move to go after 73 lakh Taxpayers Identification Number holders who are not submitting their income tax returns.
Finance adviser Salehuddin Ahmed on Sunday said that the government must increase the revenue generation to match with the gross domestic products...
The National Board of Revenue has taken a move to expand its Value Added Tax base, with a view to increase revenue collection for the national exchequer...
Real Madrid coach Carlo Ancelotti denied in court having intentionally committed tax fraud on the opening day of his trial for allegedly failing to declare income to Spain鈥檚 tax office,聽the latest in a string of such cases targeting sports figures in the country...
National Board of Revenue chairman Abdur Rahman Khan said that many taxpayers abuse the exemption as the tax exemption practice always misuse loopholes in the taxation system...
The National Board of Revenue (NBR) has launched a new Spot Assessment programme to simplify the tax payment system to expand the tax net...
National Board of Revenue chairman Abdur Rahman Khan said that laws and rules regarding taxes had not been implemented fully and among the 1.13 crore taxpayers or tax identification number holders in the country, 80-85 lakh taxpayers had not submitted a tax return in the past 10 years...
National Board of Revenue chairman Md Abdur Rahman Khan said on Monday that the government had taken a vow not to allow tax exemption in the coming days unless it was inevitably necessary for the interest of the country...
Economists in a pre-budget discussion on Sunday in the capital Dhaka suggested employment generation schemes, expansion of social spending and maintenance of a high food stock in the forthcoming financial year...
IN BANGLADESH, the tax deducted at source (TDS) system is designed to ensure timely tax collection and prevent evasion. However, for many low-income professionals 鈥� especially freelancers, consultants, and small business owners 鈥� this system has become an unnecessary financial burden. Despite earning less than the taxable income threshold, they often find...
The Centre for Policy Dialogue on Sunday urged the government to increase tax-free income threshold for personal income to Taka 4 lakh in the upcoming fiscal year 2025-26 (FY26) budget given the prevailing high inflationary situation...
National Board of Revenue chairman Abdur Rahman Khan said that the tax on taxpayers who had been enjoying the reduced rate will gradually increase...
Experts at a workshop stressed the urgent need for an overhaul of cigarette tax structure, saying that reforms could generate an additional Tk 20 billion in government revenue and encourage millions to quit smoking...
The industrialists in the leather goods and ceramic sectors, real estate businesses and reconditioned car traders demanded various tax cuts and duty benefits in the upcoming national budget for fiscal year 2025-26...
National Board of Revenue Chairman Md Abdur Rahman Khan on Wednesday hinted that the tax exemption system might be removed in the forthcoming national budget...
The Metropolitan Chamber of Commerce and Industry (MCCI) on Tuesday laid emphasis on scrapping the conditions on cash transactions in corporate tax...
The National Board of Revenue, in an instruction issued on Tuesday, clarified that supershops selling goods at the maximum retail price cannot charge an additional value added tax from their customers as the VAT will be included in the retail prices or MRP...
The Newspaper Owners鈥� Association of Bangladesh at a pre-budget discussion with the National Board of Revenue on Sunday demanded reducing customs duty, value-added tax and corporate tax on the newspaper industry.
Dr Fahmida Khatun expressed her disappointment over the decision to increase the Value Added Tax (VAT) rate and impose additional supplementary duties on more than 100 products by the interim government, just six months after it assumed power following the fall of the Awami League regime, which crumbled like ninepins in the face of a mass uprising in August last year...