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...
Tags : Tax
British business group hits out at Labour鈥檚 tax hikes
British business lobby group, the CBI, on Monday hit out over the Labour government鈥檚 tax hikes on firms, saying the 鈥榟eavy burden鈥� risked cuts to hiring and investment...
Tax structure, bureaucratic hurdles top challenges for SMEs: study
Some 57 per cent of SME entrepreneurs has mentioned tax structure as the main obstacle to doing business in compliance with the law while 54 per cent of entrepreneurs considered the trade licence renewal process as an obstacle...
Trump names Scott Bessent as Treasury chief
US president-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs...
British farmers protest in London over inheritance tax change
British farmers massed in London on Tuesday, calling on the Labour government to scrap plans to change inheritance tax rules for land ownership, which they say threatens the agriculture sector and food production...
Govt should address corruption, complexity in tax system
MOST businesses coming to find the tax system complex, burdensome and prone to corruption speaks of the sorry state of the system. A Centre for Policy Dialogue study shows that 57.1 per cent of businesses perceive bribery as commonplace in tax-related interactions while 59.4 per cent of them find difficulties in compliance. Most businesses also find the...
NBR chair vows tougher action against gold smuggling
National Board of Revenue chairman Abdur Rahman Khan has warned that tougher steps would be taken to address gold smuggling, streamline tax procedures and ensure fair pricing of essential goods...
Tax return submission deadline extended till Dec 31
The National Board of Revenue has extended the deadline for income tax returns submission by all types of taxpayers except companies in both offline and online by one month till December 31, 2024...
Farmers target PM in protest against new UK tax rules
Hundreds of farmers, many in tractors, gathered in Wales on Saturday to protest against UK prime minister Keir Starmer and his government鈥檚 decision to change inheritance tax rules for farms...
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...
China announces tax policies to boost property market
China on Wednesday announced a raft of tax policies aimed at boosting the country鈥檚 ailing real estate market, state media said, including cuts to property deed taxes and VAT...
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.
NBR for online submission of VAT returns聽
The National Board of Revenue on Tuesday urged all to submit value added tax returns and coefficient declaration online instead of in papers.
Court issues travel bans on Union Bank MD Mokammel, ex-JP MP
Dhaka Metropolitan Senior Special Judge Court on Thursday issued international travel bans on eight people, including Union Bank managing director ABM Mokammel Hoque Chowdhury, former Taxes Appellate Tribunal member Ranjit Kumar Talukder and his wife Jhumur Majumder over allegations of amassing illegal wealth...
Renewable energy firms to enjoy tax holiday from 2025
Renewable energy producing companies are going to enjoy tax holiday facilities from next year...
Chief adviser Yunus urges everyone to pay income tax online
Chief adviser Muhammad Yunus on Monday inspired the countrymen to submit e-return and pay income tax online...
Electronic tax returns must for certain service holders
The National Board of Revenue has made it mandatory for certain public and private service holders including bankers and officials of mobile phone operators to file their income tax returns electronically.
NBR considers out-of-court settlement of tax disputes to boost revenue
The National Board of Revenue is now putting its focus on settling the long pending cases through alternative dispute resolution system to boost the revenue collection...
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.
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...
Advisers asked to submit wealth statements to chief adviser
All advisers and those holding the rank of adviser to the interim government have been asked to submit wealth statements to the chief adviser in 15 days after the filing of their annual tax returns...
NBR moves to digitalise tax audit selection
The National Board of Revenue has initiated a plan to digitalise its tax audit selection process, replacing the long-standing manual method, to eliminate human interference and restore taxpayer confidence...
EU hopes rise in Bangladesh鈥檚 online tax return submission
Michal Krejza, head of cooperation, delegation of the European Union on Monday hoped that online tax return submission might increase to 1.5 million from 0.5 million in Bangladesh this year...
US recovers $1.3b from wealthy taxpayers
The US government said Friday that it has recovered $1.3 billion from wealthy taxpayers since late 2023, as part of efforts to ensure that high-income individuals are paying taxes owed...
NBR sets six-month target to expand tax net
The National Board of Revenue has set a six-month target to significantly broaden its tax base, aiming to reduce the disproportionate burden on the country鈥檚 existing taxpayers...
DCCI urges NBR for CMSME-friendly tax structure
The Dhaka Chamber of Commerce and Industry on Wednesday urged the National board of Revenue to formulate a tax structure that would be friendly to the cottage, micro, small and medium enterprise businesses...
US requests dispute talks on Canada digital services tax
The United States said Friday that it has requested dispute settlement talks with Canada over a recently introduced digital services tax...
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...
Businesses demand reforms in bank, revenue sectors
The country鈥檚 business leaders on Tuesday urged the government to maintain enhanced law and order situation and make reforms in the banking sector and tax administration to restore a favourable business environment...
NBR new chief contemplates widening tax net to boost revenue
The National Board of Revenue is contemplating to widen its tax net without making any move that would create forceful and fearful environment for the taxpayers...