3d ago| Tax & Customs

Most of 1.16cr eligible income taxpayers out of tax net

Most of the 1.16 crore people capable of paying income taxes in Bangladesh have remained out of the tax net of the National Board of Revenue (NBR), according to a senior official of the tax administration yesterday.  

1w ago| Tax & Customs

Tax return submission deadline may be extended till Dec 31

The National Board of Revenue (NBR) may extend by one month the deadline for the submission of income tax returns amid demands from various quarters, said officials today.

1w ago| Tax & Customs

Nearly 90% income tax comes from Dhaka, Chattogram

Dhaka and Chattogram account for 90 per cent of the income tax collected from across Bangladesh each year and so, the National Board of Revenue (NBR) should work on widening the tax net, according to speakers at a seminar.

NBR extends VAT cut for edible oil imports

The National Board of Revenue (NBR) yesterday extended the opportunity for edible oil refiners to import and refine the essential commodity by paying only 5 per cent value added tax (VAT) at the import stage until September 30 this year. 

NBR set to miss revenue generation target again

The National Board of Revenue (NBR) reached 76 per cent of its Tk 330,00 crore revenue generation target in the 11 months of 2021-22, meaning it is going to miss the full fiscal-year collection goal once again.

Bangladesh slashes rice import tariffs to 25 percent

Bangladesh has cut customs tariffs and duty on rice until October 31 this year in order to encourage imports to increase supply of the staple grain in the domestic market and cool its prices, according to a notification today (June 23, 2022).

December 4, 2022
December 4, 2022

Most of 1.16cr eligible income taxpayers out of tax net

Most of the 1.16 crore people capable of paying income taxes in Bangladesh have remained out of the tax net of the National Board of Revenue (NBR), according to a senior official of the tax administration yesterday.  

November 29, 2022
November 29, 2022

Tax return submission deadline may be extended till Dec 31

The National Board of Revenue (NBR) may extend by one month the deadline for the submission of income tax returns amid demands from various quarters, said officials today.

November 27, 2022
November 27, 2022

Nearly 90% income tax comes from Dhaka, Chattogram

Dhaka and Chattogram account for 90 per cent of the income tax collected from across Bangladesh each year and so, the National Board of Revenue (NBR) should work on widening the tax net, according to speakers at a seminar.

November 23, 2022
November 23, 2022

Govt okays purchase of 6 container scanners

Cabinet Committee on Government Purchase yesterday approved a proposal for purchasing six container scanner systems from Nuctech Company Ltd worth Tk 327.1 crore..According to the Internal Resources Division (IRD), The National Board of Revenue (NBR) in October 2019 planned to buy 14 conta

November 20, 2022
November 20, 2022

Ctg customs demand Tk 5,227cr from Petrobangla in unpaid duties

The Chattogram Customs House has demanded Tk 5,227 crore as unpaid duties from Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) against 89 consignments of liquefied natural gas (LNG).  

November 20, 2022
November 20, 2022

Impact of tax exemption needs analysis

The personal income tax collection to gross domestic product (GDP) ratio can be raised to 3.1 per cent from the current 1 per cent or so if the government can get all eligible individuals to pay taxes, according to a study unveiled yesterday. 

November 16, 2022
November 16, 2022

Tax calculation: know your numbers

Today, Abdul Karim will complete the second part of the first page of the tax return form.  

October 3, 2022
October 3, 2022

NBR may extend VAT cut on edible oil

The National Board of Revenue (NBR) is likely to extend a value added tax reduction on edible oil imports and refining for three months to retain current prices for consumers battered by rising costs of essential commodities. 

September 21, 2022
September 21, 2022

Revenue collection jumps 21pc in Jul-Aug

Revenue collection by the National Board of Revenue (NBR) witnessed robust growth of 21 per cent in the July-August period of the current fiscal year thanks to the devaluation of taka, high inflationary pressure and expansion of the economy.

August 17, 2022
August 17, 2022

Companies’ accounting software: NBR move seeking user ID, password irks businesses

A move by the National Board of Revenue asking for sharing the user identification and password of companies’ accounting software has created concerns among businesses, which said such a measure would give negative signals about the business climate in Bangladesh and discourage investors.