Tax & Customs
Bangladesh loses $361 million tax a year for corporate tax abuse
A report by the Tax Justice Network (TJN) reveals
Tax collection target missed for 11th year in a row
For the 11th consecutive year, the National Board of Revenue (NBR) has missed its tax target in the face of slowing growth of collections amidst economic slowdowns and ambitious goals set by the government.
Income tax lawyers protest draft rule
Dhaka Taxes Bar Association staged a demonstration and besieged the National Board of Revenue (NBR) building at Agargaon in Dhaka for a couple of hours yesterday demanding cancellation of a newly announced draft tax return preparer (TRP) rule.
Income tax bill passed
The Income Tax Bill 2023 was passed in parliament yesterday, replacing The Income-tax Ordinance 1984.
Tax rebate scope for investment in mutual funds narrows
The draft Income Tax Bill 2023 has delivered bad news for big investors of mutual funds though it has retained all benefits for stock investors, including the capital gains tax.
‘We did not frame budget in line with IMF prescriptions’
The government has not framed the national budget for the fiscal year of 2023-24 based on the prescription of the International Monetary Fund (IMF), said Finance Minister AHM Mustafa Kamal today.
VAT on sweets may be cut
The National Board of Revenue (NBR) could cut value-added tax (VAT) on sweets by half to 7.5 per cent, according to officials of the finance ministry.
Tax return filing deadline extended for companies
Those who sought time extension will only get the opportunity
Tax collection growth slows further
The National Board of Revenue (NBR) registered a further slowdown in the growth of tax collection, making it harder for the agency to achieve its target for the current fiscal year of 2022-23 ending in June.
Language of tax laws attacking to some extent: NBR chairman
The tax forms need to simplified too, says Abu Hena Md Rahmatul Muneem
Separate tax policy making from collection
Top business leaders yesterday urged the National Board of Revenue (NBR) to ensure a conducive business climate by bringing reforms to the revenue sector, including having separate administrations formulating tax policies and collecting revenue.
Govt honours top taxpayers
The government today honoured 76 individual highest taxpayers, including Transcom Group Chairman Shahnaz Rahman, The Daily Star Editor and Publisher Mahfuz Anam, and Prothom Alo Editor Matiur Rahman, for depositing the highest amount of taxes to the state coffer in 2021-22 fiscal year.
Taxpayers can file return on Jan 1: NBR
The National Board of Revenue today said it will accept tax returns from individual taxpayers on the first day of January 2023.
NBR awards 9 highest VAT-paying firms
The National Board of Revenue (NBR) yesterday awarded nine firms for paying the highest amounts of value-added tax (VAT) in fiscal year 2020-21.
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.
