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.
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.
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).
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.
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.
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.
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
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).
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.
Tax calculation: know your numbers
Today, Abdul Karim will complete the second part of the first page of the tax return form.
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.
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.
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.