May 31, 2022
May 31, 2022

Accelerate use of EFDs, ramp up monitoring

The National Board of Revenue should accelerate the use of electronic fiscal devices (EFDs) and ramp up monitoring to eliminate non-compliance with a view to raising more value-added taxes using technologies, said former top taxmen and economists.

May 18, 2022
May 18, 2022

Tax collection target likely to be missed, again

The National Board of Revenue (NBR) has been failing to achieve tax collection targets since the fiscal year of 2012-13 because of lofty goals set by the government and the absence of major reforms.

March 30, 2022
March 30, 2022

NBR server breach: Probe leaves puzzles

A probe report on the breach of NBR server that saw the release of 11 import consignments last year has raised more questions than it answered.

March 27, 2022
March 27, 2022

BCS Taxation Association gets new exec council

Tax Commissioner Md Iqbal Hossain and Additional Tax Commissioner Mohammad Mahmuduzzaman have been elected president and secretary general respectively of BCS Taxation Association for a two-year term.

March 23, 2022
March 23, 2022

Elevator assemblers get 3 more years of VAT waiver

The National Board of Revenue (NBR) has exempted elevator assemblers from paying value-added tax (VAT) for three more years until June 30, 2025, to encourage the growth of domestic manufacturing capacities.

March 21, 2022
March 21, 2022

No VAT cut for beauty parlours: NBR

The value added tax (VAT) on beauty parlour services will not be reduced in the upcoming national budget, announced National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem yesterday.

March 20, 2022
March 20, 2022

No cut in VAT on beauty parlour services: NBR chairman

The value-added tax (VAT) on beauty parlour services would not be reduced in the upcoming national budget, Abu Hena Md Rahmatul Munim, chairman of the National Board of Revenue (NBR), said today.

February 27, 2022
February 27, 2022

Avoid duties on local goods in FY23

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday urged the country’s revenue authority to avoid imposing any supplementary duty on locally produced goods in the next fiscal year.

February 21, 2022
February 21, 2022

NBR extends facility to foreigners working at expressway

The National Board of Revenue (NBR) has extended its income tax exemption facility to foreigners working at the elevated expressway being constructed under a public-private partnership.

February 20, 2022
February 20, 2022

Hold comprehensive talks before finalising income tax law

Businesses yesterday urged the government to hold comprehensive discussions with trade bodies before finalising the newly drafted income tax law.