Tax-free income ceiling to remain unchanged
The interim government has limited the scope in the new budget for legalising undisclosed money, while proposing an increase in the income tax threshold from the 2026鈥�27 financial year.聽聽聽
Tags : income tax
The president does not have to pay taxes!
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...
No tax for Hungarian women with two children
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.
Submission of online tax returns allowed all year round
The National Board Revenue on Sunday said that the submission of income tax returns by individual taxpayers online could be made all year round.
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...
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...
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...
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.
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...
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...
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.
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...
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...
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...
Candidates鈥� affidavits, tax returns mismatch
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...
Approach to agricultural income
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...
SC allows income tax collection from all pvt universities
The Appellate Division of the Supreme Court on Thursday cleared the way for the National Board of Revenue to collect outstanding income tax from three private universities...