WB prefers new tax measure only thru budget
Visiting World Bank vice-president Martin Raiser on Sunday said that the imposition of any new tax measure or tax expenditure should be made through the national budget...
Tags : Tax
Nine new tax zones to be set up
The government has given approval to set up nine new tax zones in different parts of the country, aiming to improve revenue collection...
Dhaka Chamber demands a simplified Tax, VAT system
Dhaka Chamber of Commerce and Industry (DCCI) President Taskeen Ahmed stressed the need for simplifying the tax and VAT system, also simplifying the system according to the size, nature, and capacity of the businesses by removing complexity and bottlenecks in the import-export procedures and fixing a realistic VAT rate...
Gazette issued on VAT exemption on foreign doctors鈥� fees
The government has issued a gazette exempting foreign doctors from paying Value Added Tax on the fees or consultation services they will provide to patients injured during the July-August uprising...
VAT increase: burden on middle class
A SIMPLE trip to the grocery store feels like a budgeting nightmare for the middle class. The recent increase in value-added tax and supplementary duty on over 100 items has triggered frustration and raised questions about whether the government is balancing its books at the expense of ordinary citizens...
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...
Farmers block highway demanding withdrawal of increased VAT
Northern farmers on Wednesday staged a protest by dumping tomatoes on the Rajshahi-Dhaka Highway in Natore, demanding withdrawal of the increased value added tax and duty imposed on tomato and mango pulp...
Experts suggest setting up stable tax policy
Experts on Monday called for establishing a stable tax policy as they criticised the National Board of Revenue for its lack of accountability in deciding why taxes are exempted, increased or reduced...
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...
Scrapping of increased VAT, IMF deals demanded
Left-leaning political leaders, student leaders and activists on Thursday demanded that the interim government cancel the recently increased value-added tax and supplementary duty on more than 100 products and services...
Stocks decline amid tax hikes
Dhaka stocks saw a sharp drop in past week, marking the second consecutive week of losses, as investors remained cautious due to sudden tax hikes by the government...
High tax barrier to affordable internet in rural areas: TIPAP roundtable
High government taxation has made it nearly impossible to offer affordable internet services to rural communities, said industry stakeholders on Thursday...
Bangladesh鈥檚 VAT conundrum
The recent decision of the interim government to expand the VAT net and hike VAT rates at the behest of the International Monetary Fund has justifiably attracted harsh criticisms from all quarters. This is the worst decision of the interim government since its inception following the overthrow of the autocratic regime of Sheikh Hasina and is hence bound...
Imposing VAT on commodities to increase people鈥檚 sufferings: politicians
Leaders of different political parties on Wednesday at separate protest programmes in Dhaka said that imposing value added tax and supplementary duties on more than 100 commodities would increase sufferings of the common people to run their families...
Mutasim Billah president of BCS Taxation Assoc
Tax Commissioner Mutasim Billah Faruqi has been selected as president and Syed Mohibul Hasan secretary general of the BCS (Taxation) Association...
LPG price hiked after VAT structure change
The price of liquefied petroleum gas has been slightly raised following a change in the structure of the value-added tax by the National Board of Revenue, according to the Bangladesh Energy Regulatory Commission...
Left leaning students march towards CA office demanding VAT rollback
The Democratic Student Alliance, a combine of seven student wings of left leaning political parties, on Tuesday held a protest march towards the chief adviser鈥檚 office, pressing for a five-point demand, including the withdrawal of the Value Added Tax recently imposed on over 100 commodities...
Short-sighted policy on VAT, tax
THE increase in taxes on more than a hundred products has sparked widespread concern among the public. At a time when inflation is soaring and economic conditions are worsening, the increase has further strained the financial capability of ordinary citizens. This increase, which predominantly affects essential goods and services, will undoubtedly...
Govt should walk back tax increase, resume truck sales
THE government鈥檚 having increased value-added tax and supplementary duty on more than a hundred products and services by way of two ordinances, promulgated on January 9, has rightly raised the call for the government to walk back the decision. The products and services that have become dearer include mobile talk time, internet usage, biscuit...
Consumers Association of Bangladesh demands withdrawal of VAT, SD
The Consumers Association of Bangladesh has urged the government to withdraw its recent decision to increase VAT and supplementary duties on over 100 essential goods and services, citing its potential to exacerbate inflation and intensify public suffering...
VAT, duty hike聽amid soaring inflation decried
Economists and a consumer rights body have criticised the rise in the value-added tax and supplementary duty on more than 100 products and services midway of the current financial year, saying...
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...
ECNEC approves 10 projects with Tk 4,246.72cr
The Executive Committee of the National Economic Council on Wednesday approved 10 projects worth Tk 4,246.72 crore, including one for building Chattogram Tax Building with Tk 437.07 crore.
Dhaka Bank to collect tax, fee of DSCC residents
Dhaka Bank PLC launched real time collection of holding tax and trade licence fee of Dhaka South City Corporation in an event at Nagar Bhaban in Dhaka on Monday, said a press release...
VAT ON METRO RAIL TICKETS: NBR extends exemption period
The National Board of Revenue on Monday has extended the exemption period of the value added tax on metro rail tickets for one more year...
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.
Tax, trade licence fees in Gaibandha can now be paid thru Nagad
Residents of all unions in Gaibandha district can now digitally pay their holding tax and trade licence fees exclusively through Nagad, the digital financial service of the Bangladesh Postal Department, said a press release...
VAT on machinery for ship-recycling yards exempted
The government has exempted VAT, including advance tax, on importing capital machinery for ship-recycling yards to promote environmentally sustainable practices in line with global standards...
Finance adviser hints at end to tax break
Finance adviser Salehuddin Ahmed on Tuesday said that the tax exception culture enjoyed by industries over the years was due largely to low domestic revenue generation...
Increases in cigarette prices must exceed average rate of inflation : discussion
Discussants at a workshop on Tuesday said as cigarette prices did not increase in alignment with the rate of inflation, this harmful product had been becoming increasingly affordable in Bangladesh.