VAT, duty hike聽amid soaring inflation decried
Economists and a consumer rights body have criticised the rise in the value-added tax and supplementary duty on more than 100 products and services midway of the current financial year, saying...
Tags : tax
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...
ECNEC approves 10 projects with Tk 4,246.72cr
The Executive Committee of the National Economic Council on Wednesday approved 10 projects worth Tk 4,246.72 crore, including one for building Chattogram Tax Building with Tk 437.07 crore.
Dhaka Bank to collect tax, fee of DSCC residents
Dhaka Bank PLC launched real time collection of holding tax and trade licence fee of Dhaka South City Corporation in an event at Nagar Bhaban in Dhaka on Monday, said a press release...
VAT ON METRO RAIL TICKETS: NBR extends exemption period
The National Board of Revenue on Monday has extended the exemption period of the value added tax on metro rail tickets for one more year...
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.
Tax, trade licence fees in Gaibandha can now be paid thru Nagad
Residents of all unions in Gaibandha district can now digitally pay their holding tax and trade licence fees exclusively through Nagad, the digital financial service of the Bangladesh Postal Department, said a press release...
VAT on machinery for ship-recycling yards exempted
The government has exempted VAT, including advance tax, on importing capital machinery for ship-recycling yards to promote environmentally sustainable practices in line with global standards...
Finance adviser hints at end to tax break
Finance adviser Salehuddin Ahmed on Tuesday said that the tax exception culture enjoyed by industries over the years was due largely to low domestic revenue generation...
Increases in cigarette prices must exceed average rate of inflation : discussion
Discussants at a workshop on Tuesday said as cigarette prices did not increase in alignment with the rate of inflation, this harmful product had been becoming increasingly affordable in Bangladesh.
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...
British business group hits out at Labour鈥檚 tax hikes
British business lobby group, the CBI, on Monday hit out over the Labour government鈥檚 tax hikes on firms, saying the 鈥榟eavy burden鈥� risked cuts to hiring and investment...
Tax structure, bureaucratic hurdles top challenges for SMEs: study
Some 57 per cent of SME entrepreneurs has mentioned tax structure as the main obstacle to doing business in compliance with the law while 54 per cent of entrepreneurs considered the trade licence renewal process as an obstacle...
Trump names Scott Bessent as Treasury chief
US president-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs...
British farmers protest in London over inheritance tax change
British farmers massed in London on Tuesday, calling on the Labour government to scrap plans to change inheritance tax rules for land ownership, which they say threatens the agriculture sector and food production...
Govt should address corruption, complexity in tax system
MOST businesses coming to find the tax system complex, burdensome and prone to corruption speaks of the sorry state of the system. A Centre for Policy Dialogue study shows that 57.1 per cent of businesses perceive bribery as commonplace in tax-related interactions while 59.4 per cent of them find difficulties in compliance. Most businesses also find the...
NBR chair vows tougher action against gold smuggling
National Board of Revenue chairman Abdur Rahman Khan has warned that tougher steps would be taken to address gold smuggling, streamline tax procedures and ensure fair pricing of essential goods...
Tax return submission deadline extended till Dec 31
The National Board of Revenue has extended the deadline for income tax returns submission by all types of taxpayers except companies in both offline and online by one month till December 31, 2024...
Farmers target PM in protest against new UK tax rules
Hundreds of farmers, many in tractors, gathered in Wales on Saturday to protest against UK prime minister Keir Starmer and his government鈥檚 decision to change inheritance tax rules for farms...
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...
China announces tax policies to boost property market
China on Wednesday announced a raft of tax policies aimed at boosting the country鈥檚 ailing real estate market, state media said, including cuts to property deed taxes and VAT...
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.
NBR for online submission of VAT returns聽
The National Board of Revenue on Tuesday urged all to submit value added tax returns and coefficient declaration online instead of in papers.
Court issues travel bans on Union Bank MD Mokammel, ex-JP MP
Dhaka Metropolitan Senior Special Judge Court on Thursday issued international travel bans on eight people, including Union Bank managing director ABM Mokammel Hoque Chowdhury, former Taxes Appellate Tribunal member Ranjit Kumar Talukder and his wife Jhumur Majumder over allegations of amassing illegal wealth...
Renewable energy firms to enjoy tax holiday from 2025
Renewable energy producing companies are going to enjoy tax holiday facilities from next year...
Chief adviser Yunus urges everyone to pay income tax online
Chief adviser Muhammad Yunus on Monday inspired the countrymen to submit e-return and pay income tax online...
Electronic tax returns must for certain service holders
The National Board of Revenue has made it mandatory for certain public and private service holders including bankers and officials of mobile phone operators to file their income tax returns electronically.
NBR considers out-of-court settlement of tax disputes to boost revenue
The National Board of Revenue is now putting its focus on settling the long pending cases through alternative dispute resolution system to boost the revenue collection...
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...
