Tax & Customs

Tax & Customs

Kaus Mia: a role model in a nation where tax noncompliance is rife

The late successful businessman had been one of the highest taxpayers in Bangladesh since 2010-11

2w ago

NBR plans self-assessment of tax liabilities for all firms

The National Board of Revenue (NBR) is likely to introduce self-assessment for companies from 2024-25 to allow them to determine their own tax liabilities and cut reliance on taxmen.

1m ago

Investors in hi-tech parks, EZs may lose tax benefits

Investors in the economic zones and hi-tech parks in Bangladesh may see an end to the zero-duty benefit on imports of capital machinery, components and construction materials next fiscal year.

2m ago

Alternatives to cash incentives planned for exports

The government plans a new export promotion fund as an alternative to direct cash incentives for export-oriented sectors to help the country face challenges resulting from its graduation to a developing nation in 2026.

2m ago

FBCCI's plea for tariff protection devoid of reality

On April 4, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the government to pay attention to ensuring reasonable protection from customs tariffs for the sake of employment and promoting domestic industries, services and small and medium enterprises.

3m ago

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

A provision in the Income Tax Act 2023 created the discrimination

3m 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.

4m 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.

4m 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.

4m 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.

5m ago

Muneem reappointed as NBR chairman

His contractual appointment has been extended by two years

6m ago

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

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

6m ago

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.

7m ago

42 top Ctg taxpayers honoured

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

7m ago

ASM Mohiuddin Monem again becomes Cumilla’s top taxpayer

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

7m ago

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.

7m ago

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

7m ago

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.

7m ago
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