Tax and Customs | The Daily Star
  • Tax Receipts in Bangladesh

    Tax Receipts in 9 Months: Tk 50,500cr short of target

    Revenue collection is poised to fall short of target by a big margin this fiscal year, with receipts growing the lowest in five years in the first nine months due to sluggish collection of customs tariff and value-added tax. Between July last year and March this year, the National Board of Revenue

  • TIN not mandatory for BO accounts: NBR

    The tax authority has not made opening taxpayer identification number (TIN) mandatory for stock investors, allaying the fears of general investors.

  • NBR panel prescribes changes

    A panel of the National Board of Revenue is set to propose continuation of multiple rates of VAT along with 15 percent flat rate under the VAT and Supplementary Duty Act 2012, said officials.

  • Dhaka International Trade Fair 2019

    24 firms sued for evading VAT at Dhaka trade fair

    Customs, Excise & VAT Commissionerate has sued 24 reputed organisations for not paying VAT on sales in this year's Dhaka

  • Tax receipts slow

    Tax collection growth slowed down in the first half of fiscal 2018-19, in what can be viewed as a major setback for the government's efforts to ramp up revenue.

  • Ctg customs to sue two firms

    The customs house of Chattogram is going to sue two firms—Grambangla Food Corporation and M/S N Islam Enterprise—on charges of money laundering in the name of goods import.

  • Automation and the future of tax payment

    The process of collecting tax and complying with tax laws is changing fast. New generation computer software, real time reporting, artificial intelligence and machine learning technologies are transforming the tax systems of economies around the world.

  • Tax waiver widens for firms in hi-tech park

    Firms making goods and providing services from hi-tech parks will not have to pay income tax in the first seven years of their operations, up from three years previously.

  • Income Tax Return 2018

    Tax offices to stay open Friday, Saturday

    Tax offices will remain open tomorrow and the day after for filing of income tax returns ahead of the December 2 deadline set by the government.

  • Online return submission

    Calls getting louder for online return submission

    The ninth edition of the tax fair ended yesterday with record numbers and a louder call for a functional online returns submission

  • Corruption can be found even at ACC: NBR chairman

    Various types of corruption of the anti-graft body could be found if anyone looks into its affairs objectively, said National Board of Revenue (NBR) Chairman Md Mosharaff Hossain Bhuiyan yesterday.

  • 68pc Bangladeshis pay no income tax: CPD survey

    Some 68 percent of the population do not pay tax despite having taxable income, according to a study by the Centre for Policy Dialogue.

  • Use software to keep accounts

    In a bid to automate the value-added tax system, the revenue authority has ordered businesses clocking more than Tk 5 crore in annual turnover to use software in maintaining accounts and keeping tax-related records.

  • NBR to narrow scope of tax evasion

    Tax authorities plan to audit foreign companies' transactions with their associated entities abroad from next year in order to reduce the scope for illicit fund transfer and tax evasion, said an official yesterday.

  • Compliant firms to get rid of customs hassles

    The National Board of Revenue is set to offer compliant businesses the privilege to clear their imported and exported goods fast by awarding them the status of Authorised Economic Operator (AEO) with a view to boosting international trade.

  • Tax-breaks, incentives lure investors

    A rising number of entrepreneurs are joining the queue to establish private economic zones, tempted by the tax breaks and a host of other benefits offered by the government.

  • Book on customs tariff published

    Bangladesh Customs Tariff, a compilation of import and export duty and other rates of taxes, has been published for the sixth consecutive year to help businesses, particularly importers and exporters, take decisions on overseas trade.

  • Private credit growth continues to fly low

    Private sector credit growth continued its downward course in May after many banks sincerely adopted a 'go slow' policy in disbursing fresh loans.

  • NBR receipts grow 20pc

    The National Board of Revenue missed its collection goal in the just concluded fiscal year despite logging about 20 percent growth in receipts, said an official citing provisional figures.

  • Cut dependence on VAT to protect poor: EquityBD

    An alliance of 20 local non-governmental and civil society organisations yesterday urged the government to cut dependence on value added tax (VAT), as it takes a heavy toll on the poor.

  • No VAT on remittance

    No value added tax (VAT) has been slapped on inward remittance, the National Board of Revenue said yesterday.

  • Insurers want gain tax to go

    The Bangladesh Insurance Association (BIA) yesterday demanded withdrawal of a 5 percent gains tax on bonuses given to policyholders against premiums.

  • Owners of CNG auto-rickshaws to be taxed

    The owners of CNG-run auto-rickshaws will be brought under the tax net in the upcoming fiscal year, said National Board of Revenue

  • NBR logo

    Pahela Baishakh: NBR to organise Halkhata Day

    National Board of Revenue (NBR) is going to organise Halkhata Day for the second time marking Pahela Baishakh, the first day of Bangla New Year.

  • Foreign investors demand 5pc corporate tax cut

    Foreign investors in Bangladesh yesterday demanded cuts in corporate tax at least 5 percentage points to attract foreign funds and

  • Robi Bank Accounts freeze by NBR

    HC asks NBR to unfreeze Robi's bank accounts

    The High Court yesterday unblocked Robi Axiata's bank accounts -- just a day after they were frozen by the revenue authority on

  • NBR Logo

    NBR to hire firm for info on money laundering

    The National Board of Revenue is set to hire a global accounting firm to gather information on illegal fund transfers from Bangladesh,

  • NBR seeks end to tax benefit culture

    The National Board of Revenue (NBR) plans to come out of the culture of granting tax benefits in a bid to boost collection, said its

  • Tech upgrades to boost tax compliance

    A good tax collection system ensures that the method of paying taxes is convenient for taxpayers. Many developed and developing

  • NBR Logo

    15pc VAT on all port services to hurt businesses, consumers

    Businesses are expected to face an increase in export and import costs as 15 percent value added tax (VAT) will be

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