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...
Tags : tax
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...
Tax-free income limit to go up
The interim government is going to increase the tax-free income limit to Tk 3,75,000 and make changes in the individual income tax payment structure in the national budget for the forthcoming financial year of 2025-26, said finance ministry officials.
GB IQAC holds workshop on bloom鈥檚 taxonomy of learning objectives
The Institutional Quality Assurance Cell of Gono Bishwabidyalay organised a workshop on bloom鈥檚 taxonomy of learning objectives at the IQAC meeting room of the university at Savar in Dhaka on Thursday...
Trump tax cuts mega-bill okayed
The Republican-led US House of Representatives voted Thursday to approve president Donald Trump鈥檚 sprawling tax relief and spending cuts mega-bill that critics warn would decimate health care while ballooning the debt...
Proposed US remittance tax may hit inflows: experts
US president Donald Trump鈥檚 proposal to impose a 5 per cent tax on remittances sent by immigrants 鈥� including green card holders and H-1B visa holders 鈥� has raised concerns in Bangladesh, with economists warning of a potential decline in remittance inflows and a rise in informal money transfers...
NBR officers, employees continue strike for second day on Thursday
Officers and employees of the National Board of Revenue continued their work abstention on Thursday, marking the second day of a three-day protest called by the NBR Reform Unity Council-a platform representing officials from the Customs, VAT, and Income Tax wings...
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...
Unemployment in UK highest since 2021
Britain鈥檚 unemployment rate has reached the highest level since August 2021, official data showed Tuesday, with businesses facing a UK tax hike and US tariffs...
Tax exemption for maximum 5yrs to companies: NBR
The National Board of Revenue on Monday released a new tax expenditure policy with a provision of giving maximum five years of tax exemption to a company or an industry...
Tax justice and education financing
How do we ensure quality education for every child, regardless of socioeconomic background? The answer lies in a domain that receives far less public attention than it deserves 鈥� tax justice. As the government grapples with rising demands on public expenditure amidst declining international aid, domestic resource mobilisation through equitable taxation offers the...
NBR moves to bring land, flat, building owners under tax net
The National Board of Revenue has initiated a move to track down owners of land, flats and buildings across the country in an effort to widen the country鈥檚 narrow tax net...
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.
NBR wants to ease business process for compliant taxpayers
The National Board of Revenue (NBR) is contemplating the introduction of a more simplified process for compliant import duty and tax payers to import the goods they need, helping them to do business more easily...
HSBC reports $9.5b pre-tax profit in Q1
The pre-tax profit represented a $3.2 billion decrease from the same period last year, with the firm attributing the drop mainly to disposals of its business in Canada and Argentina, a statement said...
Traders demand easier VAT management
The small and medium capital traders demanded easier VAT and tax management, easy access to finance, and an improved law and order situation...
Tk 2.26 lakh crore in tax evaded in 2023: CPD
The amount in tax evasion by the taxpayers reached approximately Tk聽226,236 crore in 2023, according to a study by the Centre for Policy Dialogue...
NBR to chase TIN holders who fail to submit tax returns
The National Board of Revenue has taken a move to go after 73 lakh Taxpayers Identification Number holders who are not submitting their income tax returns.