1d ago| Tax and Customs

Tk 10 crore revenue unpaid: 25 fruit importers’ licenses suspended

Trading of 25 fruit importers was halted yesterday after Benapole Customs House authorities suspended their licenses for not paying Tk 10 crore in outstanding revenue.

4d ago| Business

Tax receipt rises 20% in FY21

Revenue collection rose 20 per cent year-on-year to Tk 259,867 crore in 2020-21 fiscal year thanks to increased import duty, value-added tax (VAT) and income tax receipts.

2w ago| Tax and Customs

Ctg custom seizes fabrics worth Tk 20 crore imported through forgery

Chattogram Custom House authority today seized 50 tonnes of fabrics worth Tk 20 crore reportedly imported forging fake seal and signature of Dhaka Customs Bond Commissionerate.

Tax cuts for cement industry nominal, won’t lower prices

Although the government said that it would reduce the taxes levied on the import of raw materials used to make cement, this initiative will not have a satisfactory impact as prices would remain the...

Clinics outside major cities to get tax break

The government will likely offer a 10-year full tax exemption in order to encourage private investors to establish hospitals outside of four districts, including Dhaka and Chattogram.

Women entrepreneurs may get tax relief

Women entrepreneurs may receive a relief in tax payment on their incomes from businesses in the coming fiscal year, said an official of the finance ministry.

August 3, 2021
August 3, 2021

Tk 10 crore revenue unpaid: 25 fruit importers’ licenses suspended

Trading of 25 fruit importers was halted yesterday after Benapole Customs House authorities suspended their licenses for not paying Tk 10 crore in outstanding revenue.

July 31, 2021
July 31, 2021

Tax receipt rises 20% in FY21

Revenue collection rose 20 per cent year-on-year to Tk 259,867 crore in 2020-21 fiscal year thanks to increased import duty, value-added tax (VAT) and income tax receipts.

July 19, 2021
July 19, 2021

Ctg custom seizes fabrics worth Tk 20 crore imported through forgery

Chattogram Custom House authority today seized 50 tonnes of fabrics worth Tk 20 crore reportedly imported forging fake seal and signature of Dhaka Customs Bond Commissionerate.

July 11, 2021
July 11, 2021

US to address concerns of tax deal holdout countries: Yellen

US Treasury Secretary Janet Yellen said on Saturday that she would work to try to address the concerns of holdout countries that have not signed onto a global corporate tax deal, but added that it...

July 9, 2021
July 9, 2021

Have a TIN? Get ready to file tax return

Every year, the last week of November sees a mad rush of individual taxpayers at the tax offices and tax fairs. The reason is obvious: the final deadline to file annual income, expenditure and...

July 9, 2021
July 9, 2021

Reform NBR, policies for better tax-GDP ratio

The government should develop a progressive tax system that ensures the efficient redistribution and use of resources to address inequality in the country, according to speakers at a webinar.

June 28, 2021
June 28, 2021

Cold storage industry demands income tax reduction

Bangladesh Cold Storage Association (BCSA) has demanded that the government reduce for the industry’s income tax from 35 per cent to 10 per cent in the national budget for 2021-2022.

June 26, 2021
June 26, 2021

Customs to remain open during lockdown

Customs houses at ports and field offices for value-added tax will remain open during the seven-day countrywide complete lockdown starting from Monday.

June 22, 2021
June 22, 2021

Collect VAT at source until installing cash register machines, shopowners demand

Shopowners today stressed the need for collecting value-added tax (VAT) at source until the government completes installing cash register machines in all kinds of stores.

June 21, 2021
June 21, 2021

Tax break on setting up hospitals: Fiscal relief inadequate to attract investors

Entrepreneurs might not be interested in setting up large hospitals outside of Dhaka, Chattogram, Narayanganj, and Gazipur despite a 10-year tax break.