Budget Proposal: MCCI for scrapping conditions on cash transactions for tax
The Metropolitan Chamber of Commerce and Industry (MCCI) on Tuesday laid emphasis on scrapping the conditions on cash transactions in corporate tax...
Tags : tax
NBR clarifies instructions on VAT cut on supershop purchases
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...
NOAB for tax cut on newspaper industry聽聽聽聽
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.
Urgent fix needed for economic woes
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...
No VAT on purchase at supershops
Customers will no longer have to pay value added tax for purchases at supershops...
DCs to help NBR to expand tax base: adviser
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...
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.
1.4m taxpayers submit returns online: NBR
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.
Budget FY26: NBR asks for tax proposals from businesses
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...
Statutory orders for tax waivers scrapped for Shuchona Foundation聽
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...
WB prefers new tax measure only thru budget
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...
Nine new tax zones to be set up
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 demands a simplified Tax, VAT system
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...
Gazette issued on VAT exemption on foreign doctors鈥� fees
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...
VAT increase: burden on middle class
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...
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...
Farmers block highway demanding withdrawal of increased VAT
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 suggest setting up stable tax policy
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 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...
Scrapping of increased VAT, IMF deals demanded
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...
Stocks decline amid tax hikes
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 tax barrier to affordable internet in rural areas: TIPAP roundtable
High government taxation has made it nearly impossible to offer affordable internet services to rural communities, said industry stakeholders on Thursday...
Bangladesh鈥檚 VAT conundrum
The recent decision of the interim government to expand the VAT net and hike VAT rates at the behest of the International Monetary Fund has justifiably attracted harsh criticisms from all quarters. This is the worst decision of the interim government since its inception following the overthrow of the autocratic regime of Sheikh Hasina and is hence bound...
Imposing VAT on commodities to increase people鈥檚 sufferings: politicians
Leaders of different political parties on Wednesday at separate protest programmes in Dhaka said that imposing value added tax and supplementary duties on more than 100 commodities would increase sufferings of the common people to run their families...
Mutasim Billah president of BCS Taxation Assoc
Tax Commissioner Mutasim Billah Faruqi has been selected as president and Syed Mohibul Hasan secretary general of the BCS (Taxation) Association...
LPG price hiked after VAT structure change
The price of liquefied petroleum gas has been slightly raised following a change in the structure of the value-added tax by the National Board of Revenue, according to the Bangladesh Energy Regulatory Commission...
Left leaning students march towards CA office demanding VAT rollback
The Democratic Student Alliance, a combine of seven student wings of left leaning political parties, on Tuesday held a protest march towards the chief adviser鈥檚 office, pressing for a five-point demand, including the withdrawal of the Value Added Tax recently imposed on over 100 commodities...
Short-sighted policy on VAT, tax
THE increase in taxes on more than a hundred products has sparked widespread concern among the public. At a time when inflation is soaring and economic conditions are worsening, the increase has further strained the financial capability of ordinary citizens. This increase, which predominantly affects essential goods and services, will undoubtedly...
Govt should walk back tax increase, resume truck sales
THE government鈥檚 having increased value-added tax and supplementary duty on more than a hundred products and services by way of two ordinances, promulgated on January 9, has rightly raised the call for the government to walk back the decision. The products and services that have become dearer include mobile talk time, internet usage, biscuit...
Consumers Association of Bangladesh demands withdrawal of VAT, SD
The Consumers Association of Bangladesh has urged the government to withdraw its recent decision to increase VAT and supplementary duties on over 100 essential goods and services, citing its potential to exacerbate inflation and intensify public suffering...
