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...
Tags : Tax
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...
NBR chairman for boosting tax-to-GDP ratio
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....
HSBC posts $21.6b pre-tax profit in first half 2024
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...
DCCI for streamlining of tax system to improve compliance
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 to introduce world鈥檚 first livestock carbon tax
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 rolls out digital services tax, faces US pushback
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 blocks 2.10 lakh SIM cards to encourage tax payment
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...
S Alam must pay Tk 3,538cr in unpaid VAT: HC聽
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 yet on metro rail fare hike
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.....
Sugar-sweetened beverage taxation
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...
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...
25pc tax proposal on car import by MPs likely to be dropped
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...
Kenya protesters vow to march again
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 killed in Kenya protests
Five people were shot dead and 31 wounded on Tuesday during protests in Kenya over proposed tax hikes, an NGO said...
Spain to eliminate tax on olive oil to ease price jump
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...
Japan brand launches first film camera in 20yrs
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.
Tax amnesty to institutionalise corruption
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...
ICT businesses concerned over tax waiver removal
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...
