New income tax law should rid taxpayers of harassment
Businesspeople yesterday said the government should formulate a new income tax law with the objective to iron out all trust issues between taxpayers and taxmen.
Tax receipts keep upward trend
Revenue collection in Bangladesh grew at a decent pace of 15 per cent in the first five months of the current fiscal year as business activities turned around from the slowdown caused by the...
Nahid Enterprise sued for dodging Tk 275cr VAT
The VAT Intelligence has sued Nahid Enterprise for evading value-added tax of Tk 275 crore between July 2016 and May 2021.
Tax rates to fall if tax net widens: experts
The tax rates will come down if more people are brought under the tax net and if the government reduces the tax rate, people will be less inclined towards evading tax, speakers told a seminar...
Tax return submission deadline now Dec 31
The National Board of Revenue (NBR) yesterday extended the deadline for income tax return submission by a month.
Top taxpayers to be honoured today
The National Board of Revenue will honour the country’s top taxpayers today to celebrate their compliance and commitment to paying taxes regularly.
To Kaus Mia, paying tax is a responsibility
Taxpayers in Bangladesh are familiar with the name of Md Kaus Mia.
Govt aims for major reforms to boost tax receipts
The government plans to merge development and revenue budgets, amend income tax laws and establish a procurement authority in the next three years as part of a set of reforms aimed at boosting...
NBR names 9 highest VAT payer firms
The National Board of Revenue (NBR) today named nine firms for payment of highest amount of Value Added Tax (VAT) nationally in respective sectors for the fiscal year 2019-20 in an effort to...
Interest on savings tools: Tax receipts treble in 3 years
The surge in sales of state-backed savings instruments has become a major source of income for the revenue collector in recent years as it charges up to 10 per cent tax on the profits made mainly...