Tax & Customs

Tax & Customs

Tax on provident funds' income: One country, dual policy

A provision in the Income Tax Act 2023 created the discrimination

2d ago

NBR grants tax benefits to 3 sectors

The government has provided tax benefits to three sectors, namely leather, asset management, and research, to boost competitiveness and foreign currency earnings.

1w ago

Massive reforms needed in tax laws: experts

Massive reforms are required in tax and VAT laws to mobilise domestic resources and achieve the government’s target to become a developed country by 2041, according to experts.

3w ago

BCI demands 5-year tax holiday for small businesses

The Bangladesh Chamber of Industries (BCI) yesterday demanded a five-year tax holiday for cottage, micro and small and medium enterprises (CMSMEs) beginning from fiscal year 2024-25 in order to foster their growth.

4w ago

Insurers seek tax, VAT breaks in next budget

The Bangladesh Insurance Association (BIA), a platform for insurance companies, has proposed withdrawal of the VAT applicable to policyholders in order to help the health insurance sector expand.

Muneem reappointed as NBR chairman

His contractual appointment has been extended by two years

Post-LDC challenges now a headache for Bangladesh: finance secretary

The govt targets achieving one crore direct taxpayers by 2026, he says

Tax on provident fund incomes reduced to 15%

The National Board of Revenue (NBR) has cut the tax on the income generated by provident and other pension funds to 15 percent from 27.5 percent in the current fiscal year.

42 top Ctg taxpayers honoured

The port city’s income tax department handed over the best taxpayer awards

ASM Mohiuddin Monem again becomes Cumilla’s top taxpayer

It is Monem's 10th consecutive top taxpayer award from the zone

Retail VAT collection surges 10 times after EFD rollout

Now, NBR is getting around Tk 50,000 a month from each shop using the device.

Transcom chief Shahnaz Rahman among top taxpayers again

Once again, Transcom Group Chairman Shahnaz Rahman has been named one of the 76 highest taxpayers in the country

Land transfer tax cut in some areas

The government has cut the land transfer tax in certain areas of Dhaka and Chattogram districts in order to make it affordable, encourage the registration of property transfers and increase revenue collection.

NBR names 9 top VAT depositor firms of FY22

Five made it to the list for consecutive second year

Ctg chamber wants Jan 31, 2024 as tax return submission deadline

The deadline is scheduled to end on Nov 30

FBCCI demands extension

(FBCCI) has urged the revenue authority to extend the deadline for income tax return submission for individual taxpayers until December 31

Automation will boost tax collection, reduce payers’ hassles: DCCI president

Automation of the tax collection system will reduce the taxpayers' hassles as well as increase revenue collection by the National Board of Revenue, said Md Sameer Sattar, president of the Dhaka Chamber of Commerce and Industry (DCCI).

Revenue collection will face challenge amid political unrest: NBR chairman

The revenue collection will be very challenging if the political unrest is sustained in the coming months of this year, National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem said today.

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