NBR’s tax service month starts on Nov 1

The National Board of Revenue (NBR) is going to celebrate tax service month this November to facilitate taxpayers return submissions.

NBR’s tax service month starts Nov 1

The National Board of Revenue (NBR) is going to celebrate tax service month this November to facilitate taxpayers return submissions.

Rationalise tariff to fight post-LDC challenges: DCCI

The government should rationalise the existing tariff structure, as Bangladesh will face a few challenges in case of giving subsidies after its graduation to a developing nation, said Rizwan Rahman, president of Dhaka Chamber of Commerce and Industry (DCCI).

Higher tax barrier to digital inclusion

Taxes and fees as a percentage of mobile sector revenues in Bangladesh are more than double the Asia Pacific average, subsequently leaving a negative impact on access and use of mobile technology, says a GSMA report released yesterday.

Hotline launched for Asycuda customs management system

The National Board of Revenue (NBR) launched a hotline number of 16134 to get services related to the Automated System for Customs Data (Asycuda) and customs.

VAT on edible oil only 5% now

The National Board of Revenue (NBR) today cut value added tax (VAT) at imports of edible oil to 5 per cent from 15 per cent in line with the government's decision to reduce the indirect tax to give some relief to consumers.

October 27, 2022
October 27, 2022

NBR’s tax service month starts on Nov 1

The National Board of Revenue (NBR) is going to celebrate tax service month this November to facilitate taxpayers return submissions.

October 26, 2022
October 26, 2022

NBR’s tax service month starts Nov 1

The National Board of Revenue (NBR) is going to celebrate tax service month this November to facilitate taxpayers return submissions.

October 26, 2022
October 26, 2022

Rationalise tariff to fight post-LDC challenges: DCCI

The government should rationalise the existing tariff structure, as Bangladesh will face a few challenges in case of giving subsidies after its graduation to a developing nation, said Rizwan Rahman, president of Dhaka Chamber of Commerce and Industry (DCCI).

June 24, 2022
June 24, 2022

Govt, EU agree to ease customs clearance at ports

Bangladesh and the European Union yesterday agreed to form a joint committee to find out the challenges standing in the way of smooth customs clearances and the opportunities a simplified procedure can offer for both express and non-express air cargoes. 

June 23, 2022
June 23, 2022

Fund for workers: FICCI opposes tax on contribution

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) yesterday expressed concerns over a provision in the proposed national budget for fiscal year 2022-23 that would require companies to pay tax on their contributions towards the Workers’ Profit Participation Fund (WPPF).

June 21, 2022
June 21, 2022

Proposed tax cuts from 360-degree perspectives

Finance Minister A H M Mustafa Kamal FCA, MP placed his fourth national budget in parliament on June 9, proposing reducing the tax burden on businesses significantly. The proposed base income tax rate is 27.5 per cent, a reduction by 2.5 percentage points from the current 30 per cent.  

June 21, 2022
June 21, 2022

NBR makes VAT registration easier for firms

The National Board of Revenue (NBR) has relaxed rules regarding value-added tax (VAT) registration of manufacturing entities operating in Bangladesh, a move welcomed by the businesses as it would reduce their cost of compliance. 

June 17, 2022
June 17, 2022

Be pragmatic to deal with budget execution challenges

The government should be pragmatic about addressing the challenges it will face while implementing the budget for the upcoming fiscal year, said the Institute of Chartered Accountants of Bangladesh (ICAB) yesterday.

June 17, 2022
June 17, 2022

Firms unlikely to benefit from corporate tax cut

Most of the companies in Bangladesh may not qualify for the 2.5 percentage points cut in the corporate tax rate as proposed in the budget for the upcoming fiscal year owing to stringent conditions.

June 16, 2022
June 16, 2022

Widen listed, non-listed tax gap

Merchant bankers have requested the government to further decrease the corporate tax rate for listed companies such that it attracts non-listed ones into going public.