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The tax on trade licence renewal is set to increase six times from next fiscal year, raising concerns of soaring operational costs for
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The National Board of Revenue has exempted value-added tax and supplementary duty on import of raw materials and components to make cars as the government looks to encourage development of an automobile industry in Bangladesh.
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The National Board of Revenue expects to collect about Tk 11,000 crore more for imposition of VAT on various goods and services and increasing rates on many others, said its officials.
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The introduction of 5 percent advance tax (AT) on imports from next fiscal year will push up operational costs of businesses,
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Road and water transport operators are set to face 25 percent higher taxes on their earnings from next fiscal year as the revenue
