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. 

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).

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.  

DCCI for lowering corporate tax rate by 2.5 percentage points

The Dhaka Chamber of Commerce and Industry (DCCI) today urged the National Board of Revenue (NBR) to cut the corporate tax for listed and non-listed companies by 2.5 percentage points in the next fiscal year.

Ctg customs seize 1.68 crore cigarettes imported as ‘raw material for garments’

Officials of Chattogram Custom House today seized 1.68 crore cigarettes which were imported under false declaration and fake documents.

CPD urges NBR to take tax measures to give relief to low-income groups

The National Board of Revenue (NBR) should reduce the duties and taxes, both at import and domestic levels, for essential commodities to provide some respite to consumers with low and limited income amid soaring inflation, said the Centre for Policy Dialogue (CPD) today.

April 23, 2022
April 23, 2022

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.

March 16, 2022
March 16, 2022

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.

March 9, 2022
March 9, 2022

DCCI for lowering corporate tax rate by 2.5 percentage points

The Dhaka Chamber of Commerce and Industry (DCCI) today urged the National Board of Revenue (NBR) to cut the corporate tax for listed and non-listed companies by 2.5 percentage points in the next fiscal year.

February 28, 2022
February 28, 2022

Ctg customs seize 1.68 crore cigarettes imported as ‘raw material for garments’

Officials of Chattogram Custom House today seized 1.68 crore cigarettes which were imported under false declaration and fake documents.

February 23, 2022
February 23, 2022

CPD urges NBR to take tax measures to give relief to low-income groups

The National Board of Revenue (NBR) should reduce the duties and taxes, both at import and domestic levels, for essential commodities to provide some respite to consumers with low and limited income amid soaring inflation, said the Centre for Policy Dialogue (CPD) today.

February 9, 2022
February 9, 2022

Reduce corporate tax in next national budget also: MCCI

The Metropolitan Chamber of Commerce and Industry (MCCI) today urged the government to continue reducing the corporate tax in the upcoming national budget and set a rational rate.

February 8, 2022
February 8, 2022

Complete automation of bond facility by 2023: NBR chairman

The bond facility will be completely automated by 2023 so that no one can gain illegal benefit from the system, said Abu Hena Md Rahmatul Muneem, chairman of the National Board of Revenue.

January 27, 2022
January 27, 2022

NBR's pre-budget meetings from Feb 6

The National Board of Revenue (NBR) is going to start its pre-budget meetings for the next fiscal year from February 6.

January 26, 2022
January 26, 2022

NBR has big role to play to stop money laundering: Razzaque

The National Board of Revenue has a big role to play so that no businessman can launder money aboard, Agriculture Minister Muhammad Abdur Razzaque said today.

January 25, 2022
January 25, 2022

Submit customs complaint in writing to stop harassment: NBR chairman

Businesspeople are making wholesale complaints about being harassed during release of imported goods from the customs houses and the complaints are incorrect, Abu Hena Md Rahmatul Muneem, chairman of the National Board of Revenue (NBR), said today.