Tax & Customs
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.
Tax on provident funds' income: One country, dual policy
A provision in the Income Tax Act 2023 created the discrimination
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.
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.
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.
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
‘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
E-payment made mandatory for taxes
The National Board of Revenue issues a notification on March 23
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.
