National Board of Revenue chairman Md Abdur Rahman Khan said on Monday that the government had taken a vow not to allow tax exemption in the coming days unless it was inevitably necessary for the interest of the country...
Economists in a pre-budget discussion on Sunday in the capital Dhaka suggested employment generation schemes, expansion of social spending and maintenance of a high food stock in the forthcoming financial year...
IN BANGLADESH, the tax deducted at source (TDS) system is designed to ensure timely tax collection and prevent evasion. However, for many low-income professionals 鈥� especially freelancers, consultants, and small business owners 鈥� this system has become an unnecessary financial burden. Despite earning less than the taxable income threshold, they often find...
The Centre for Policy Dialogue on Sunday urged the government to increase tax-free income threshold for personal income to Taka 4 lakh in the upcoming fiscal year 2025-26 (FY26) budget given the prevailing high inflationary situation...
National Board of Revenue chairman Abdur Rahman Khan said that the tax on taxpayers who had been enjoying the reduced rate will gradually increase...
Experts at a workshop stressed the urgent need for an overhaul of cigarette tax structure, saying that reforms could generate an additional Tk 20 billion in government revenue and encourage millions to quit smoking...
The industrialists in the leather goods and ceramic sectors, real estate businesses and reconditioned car traders demanded various tax cuts and duty benefits in the upcoming national budget for fiscal year 2025-26...
National Board of Revenue Chairman Md Abdur Rahman Khan on Wednesday hinted that the tax exemption system might be removed in the forthcoming national budget...
The Metropolitan Chamber of Commerce and Industry (MCCI) on Tuesday laid emphasis on scrapping the conditions on cash transactions in corporate tax...
The National Board of Revenue, in an instruction issued on Tuesday, clarified that supershops selling goods at the maximum retail price cannot charge an additional value added tax from their customers as the VAT will be included in the retail prices or MRP...
The Newspaper Owners鈥� Association of Bangladesh at a pre-budget discussion with the National Board of Revenue on Sunday demanded reducing customs duty, value-added tax and corporate tax on the newspaper industry.
Dr Fahmida Khatun expressed her disappointment over the decision to increase the Value Added Tax (VAT) rate and impose additional supplementary duties on more than 100 products by the interim government, just six months after it assumed power following the fall of the Awami League regime, which crumbled like ninepins in the face of a mass uprising in August last year...
Customers will no longer have to pay value added tax for purchases at supershops...
Finance adviser Salehuddin Ahmed on Monday said that deputy commissioners had been directed to assist National Board of Revenue identifying taxpayers outside Dhaka and Chattogram...
The National Board Revenue on Sunday said that the submission of income tax returns by individual taxpayers online could be made all year round.
More than 1.4 million taxpayers have so far submitted their returns online this year while more than 1.8 million taxpayers have completed registration for e-returns.
The National Board of Revenue has asked for proposals and recommendations from chambers and trade bodies to improve tax regulations, including Value-Added Tax, for the upcoming financial year 2025-26 budget...
The National Board of Revenue issued a gazette notification on Monday, scrapping two statutory regulatory orders granting tax waivers for Saima Wazed Putul鈥檚 Shuchona Foundation...
Visiting World Bank vice-president Martin Raiser on Sunday said that the imposition of any new tax measure or tax expenditure should be made through the national budget...
The government has given approval to set up nine new tax zones in different parts of the country, aiming to improve revenue collection...
Dhaka Chamber of Commerce and Industry (DCCI) President Taskeen Ahmed stressed the need for simplifying the tax and VAT system, also simplifying the system according to the size, nature, and capacity of the businesses by removing complexity and bottlenecks in the import-export procedures and fixing a realistic VAT rate...
The government has issued a gazette exempting foreign doctors from paying Value Added Tax on the fees or consultation services they will provide to patients injured during the July-August uprising...
A SIMPLE trip to the grocery store feels like a budgeting nightmare for the middle class. The recent increase in value-added tax and supplementary duty on over 100 items has triggered frustration and raised questions about whether the government is balancing its books at the expense of ordinary citizens...
The National Board of Revenue on Thursday announced deadline extension for filing income tax returns for both individual taxpayers and companies...
Northern farmers on Wednesday staged a protest by dumping tomatoes on the Rajshahi-Dhaka Highway in Natore, demanding withdrawal of the increased value added tax and duty imposed on tomato and mango pulp...
Experts on Monday called for establishing a stable tax policy as they criticised the National Board of Revenue for its lack of accountability in deciding why taxes are exempted, increased or reduced...
Taxpayers can submit their income tax returns round the year through online system, but they have to pay extra charge...
Left-leaning political leaders, student leaders and activists on Thursday demanded that the interim government cancel the recently increased value-added tax and supplementary duty on more than 100 products and services...
Dhaka stocks saw a sharp drop in past week, marking the second consecutive week of losses, as investors remained cautious due to sudden tax hikes by the government...
High government taxation has made it nearly impossible to offer affordable internet services to rural communities, said industry stakeholders on Thursday...