National Board of Revenue chairman Md Abdur Rahman Khan on Sunday underscored the importance of increasing Bangladesh鈥檚 tax-to-GDP ratio, which he described as critically low compared to neighbouring countries....
Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year鈥檚 record performance...
Dhaka Chamber of Commerce and Industry president Ashraf Ahmed聽urged the government to streamline tax mechanism which will promote better understanding, easier compliance and reduce time, visit and cost...
Denmark will introduce the world鈥檚 first carbon tax on livestock, a unique measure designed to bring the Scandinavian country closer to its goal of carbon neutrality by 2045...
Canada鈥檚 deputy prime minister on Thursday defended a digital services tax that was quietly rolled out last week, despite pushback from business groups and...
Pakistan鈥檚 tax authority said Thursday it has blocked 2,10,000 SIM cards of users who have not filed tax returns in a bid to widen the revenue bracket...
The High Court said on Monday that S Alam Vegetable Oil Ltd and S Alam Super Edible Oil Ltd must pay unpaid Tk 3, 538 crore Value Added Tax that they evaded in...
No decision has been made till Sunday night over the metro rail fare hike from Monday following the exemption of the Value Added Tax on tickets.....
CONSUMPTION of sugar-sweetened beverages, such as regular soda, fruit drinks, sports and energy drinks, sweetened waters, pop, cola, tonic fruit punch, lemonade, sweetened powdered drinks, and coffee and tea beverages with added sugars, is a major public health problem globally...
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...
The finance bill for the upcoming financial year 2024鈥�25 is likely to be passed in parliament on Saturday, with the government backtracking from the imposition of a 25 per cent duty on car imports by lawmakers...
Kenyan protest organisers called on Wednesday for fresh peaceful marches against deeply unpopular tax hikes, as the death toll from nationwide demonstrations climbed to 22, a state-funded rights body said, vowing an investigation...
Five people were shot dead and 31 wounded on Tuesday during protests in Kenya over proposed tax hikes, an NGO said...
Spain鈥檚 leftist government said Friday it will remove the value-added tax on olive oil, a staple of Spanish cuisine which has soared in price due to a severe drought that has caused...
A new Pentax film camera will be launched for the first time in two decades as demand for retro photography rises among young people, its Japanese manufacturer said Tuesday.
Speakers in a post-budget discussion on Wednesday said that the country had been trapped into inefficiency while corruption was going to take on an institutional shape owing to the immoral scope of the legalisation of undisclosed assets...
Information technology sector leaders on Sunday expressed their concerns over some provisions in the proposed budget for the 2024-25 financial year, saying that the removal of tax exemptions for cloud services and IT process outsourcing could hamper the sector鈥檚 journey toward achieving self-reliance...
Independent lawmaker Suhrab Uddin on Sunday demanded five per cent tax instead of 15 per cent to legalise undisclosed money proposed in the national budget for 2024-25 fiscal...
Leaders of the country鈥檚 apparel and textile sectors on Saturday urged the government to reduce tax at source to 0.50 per cent from existing 1 per cent for the...
The government should ensure that its project expenditures are justified and beneficial to the economy, which will help reduce the tax burden on people, according to the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI)...
The Foreign Investors Chamber of Commerce and Industry has expressed concerns over lack of allocation or specific directions for the automation of tax, value-added tax and customs administration in the proposed budget for the 2024-25 financial year...
Finance minister Abul Hassan Mahmood Ali on Thursday announced a series of measures, including reintroducing scope for legalising undisclosed money by paying tax at a...
Bangladesh government is all set to curtail corporate income tax by 2.5 percentage points in a bid to encourage compliance with a condition of promoting cashless transactions....
Taxpayers in Bangladesh, including companies and firms, can now legalize their undeclared wealth by paying a 15 per cent tax on immovable properties without facing any questions about the sources of their income....
The Dhaka Stock Exchange on Tuesday urged the National Board of Revenue not to impose any tax on capital gains of general investors in the upcoming national budget for the financial year 2024-25...
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...
IN AN era when digitisation is rapidly reshaping economies, Bangladesh stands at a crossroads. Online businesses, from聽 electronic commerce giants to freelance platforms, are creating employment and contributing to economic growth...
Experts on Sunday said that digitalisation was needed to check tax evasion in the country...
The government is likely give scopes for legalising undisclosed money by paying 15 per cent tax in the forthcoming FY25.
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...