Rice procurement faces disruption due to 0.5pc tax
Rice procurement activities across the country are facing disruptions following the imposition of a 0.5 per cent source tax on domestic rice procurement, according to an official document...
Tags : tax
Electric 鈥榓ir taxis鈥� could debut in Japan from 2027
Airline ANA said Thursday that, together with a US start-up, it hopes to have electric 鈥榓ir taxis鈥� whizzing over Japan from as early as 2027...
10,202 taxpayers file returns online on first day of E-return launch
A total of 10,202 individual taxpayers filed their income tax returns online on the very first day of the launch of the e-return filing process for the financial year 2025鈥�26, according to the National Board of Revenue...
Bangladesh govt makes online submission of tax returns mandatory
The National Board of Revenue has made online submission of income tax returns mandatory for all individual taxpayers across the country, except for senior citizens aged 65 years or above, physically incapable or taxpayers with special needs subject to submission of certificates, Bangladeshi taxpayers residing abroad and legal representatives of deceased taxpayers...
Tax return not mandatory for NSC of up to Tk 10 lakh
The government has announced that individuals could purchase 鈥楽avings Certificates鈥� up to Tk 10 lakh without showing income tax return submission documents...
NBR selects 15,494 tax files for audit in random mode
The National Board of Revenue has selected some 15,494 income tax cases for audit through random selection method apparently aiming to check tax evasion...
Tk 1,874cr tax evaded in 7 months
The newly formed Income Tax Intelligence and Investigation Unit has uncovered revenue evasion worth Tk 1874 crore in the preliminary investigation of tax evasion of 183 individuals/organisations based on intelligence activities in the seven months since December last year...
BTMA seeks Withdrawal of 2pc advance income tax
Leaders of the Bangladesh Textile Mills Association on Monday at a meeting urged finance adviser Salehuddin Ahmed to withdraw 2 per cent advance income tax for the import of cotton...
Textile millers fear losing competitiveness
The textile millers of the country said that if the government could not withdraw the newly imposed 2 per cent advance income tax immediately, the sector could lose competitiveness which could lead to the closure of the textile factory units.
COTTON IMPORTS: Textile millers for removal of 2pc AIT
Textile millers of the country have urged the government to withdraw a 2 per cent advance income tax imposed on imported cotton recently.
Greece starts charging tourist tax on cruises
Greece has began charging a tax on island cruise ships, the latest European effort to tackle soaring visitor numbers to the continent鈥檚 most popular destinations.
Over 17 lakh tax returns filed online in FY25
A total of 17,12,492 taxpayers filed their income tax returns online in the financial year 2024-25, which ended on Monday, while more than 2 lakh taxpayers completed registration for e-return filing...
19 dead in Kenya protests
The death toll from protests in Kenya to mark the anniversary of a massive crackdown on anti-tax demonstrations has risen to 19, with another 15 people missing, the national human-rights commission said Friday...
Taxpayers can submit returns online from July: NBR
National Board of Revenue chairman Md Abdur Rahman Khan on Thursday said that country鈥檚 taxpayers could now submit their individual income tax returns online from July...
German FA fined in WC tax evasion case
A German court on Wednesday fined the domestic football association DFB聽130,000 euros ($150,000) in a tax evasion case linked to suspicious payments around the 2006 World Cup...
Tk 1,009cr project to enhance tax officials鈥� capacity approved
The interim government on Tuesday approved a project worth Tk聽1,009.20 crore, aiming at the capacity building of tax officials against the backdrop of falling revenue collection in terms of the country鈥檚 gross domestic product...
NBR recovers Tk 994cr in tax evasion drives
The National Board of Revenue has recovered a total of Tk聽994 crore in the past nine months (September 2024 to May 2025) through a series of tax and revenue evasion investigations and drives...
Tesla launches long-discussed robotaxi service
Tesla began offering robotaxi services Sunday in the US city of Austin, Texas, an initial step that Elon Musk鈥檚 backers believe could lead to the company鈥檚 next growth wave...
Increase in advance tax on commercial imports may hike inflation: experts
The increase in advance tax aiming to recover the revenue lost to VAT evasion could ultimately lead to consumer price hike and further inflationary pressure, said the experts.
Govt urged to allow tax rebate on investment in venture capital funds
The Venture Capital and Private Equity Association of Bangladesh has urged the government to treat investment in venture capital funds as an allowable investment for tax rebate...
Regressive reality of聽VAT
DESPITE having several sources of revenue and a dual system of tax collection (direct-indirect), the majority of tax revenue is collected through indirect tax, called value-added tax, regulated聽by the Value Added Tax and Supplementary Duty Act 2012. The income tax, which is governed by the Income Tax Ordinance of 1984, includes corporate taxes, taxes...
Students demand withdrawal of 15pc tax on private univs
A group of private university students on Wednesday protested at a 15 per cent income tax on private universities demanding immediate withdrawal of the tax...
Govt must close loopholes in tax collection: Mustafizur
Professor Mustafizur Rahman, distinguished fellow of the Centre for Policy Dialogue, said that to reduce the revenue collection deficit, the government must close tax loopholes and ensure good governance...
Vietnam approves 90pc tax rate on beer, alcohol by 2031
Vietnam鈥檚 lawmakers approved raising the tax on beer and strong alcoholic beverages on Saturday to 90 percent by 2031 from the current 65 percent, state media said...
UK economy shrinks in April
Britain鈥檚 economy shrank more than expected in April following a tax hike on UK businesses and a record drop in exports to the United States due to president Donald Trump鈥檚 tariffs, official data showed Thursday...
SKOP wants withdrawal of 10pc tax on welfare fund
The Sramik Karmachari Oikya Parishad on Thursday demanded the withdrawal of 10 per cent tax imposed on Workers Welfare Fund in the proposed budget for the 2025-26 fiscal year...
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
Newsprint, ice cream, internet, electric vehicle, battery may be cheaper聽 聽
The government in its Tk 7,90,000 crore national budget for financial year 2025鈥�26 has proposed both reduction of VAT, tax and duties on a number of items, while their increase on some others.
Corporate tax gap widened
The government has widened the corporate tax gap between listed and non-listed companies from the existing 5 per cent to 7.5 per cent in the proposed national budget for the fiscal year 2025鈥�26.
BRAC Bank achieves 73pc growth
BRAC Bank achieved a 73 per cent year-on-year growth in its Net Profit After-Tax on a consolidated basis for 2024 amid challenging market conditions...
