Tax and Customs

Tax and Customs

Tax on provident funds' income: One country, dual policy

A provision in the Income Tax Act 2023 created the discrimination

1d ago

Tk 600Cr Income Tax : SC asks HC to rehear Grameen Kalyan’s petitions

The Supreme Court yesterday asked its High Court Division to hold further hearing on two writ petitions that challenged the NBR orders asking Grameen Kalyan to pay around Tk 600 crore as income tax.

2w ago

Businesses should reduce reliance on subsidies

The NBR chairman urged businesses in Rajshahi to reduce their reliance on subsidies as such a tendency contradicts the country’s aspiration to become a developed nation by 2041.

3w ago

Pvt univs have to pay income tax

The Appellate Division of the Supreme Court yesterday scrapped a High Court verdict that declared illegal the government orders which imposed 15 percent income tax on private universities and private medical, dental and engineering colleges.

4w ago

Govt to promote value-added products for post-LDC era

The government is considering further incentives while emphasising ICT and advanced technology in order to increase the production of value-added products as part of preparations for graduation from least developed country (LDC) status, Chairman of the National Board of Revenue (NBR) Abu Hena Md Rahmatul Muneem said yesterday.

Newspaper owners demand cut in customs duty, tax

The Newspaper Owners' Association of Bangladesh (Noab) places budget proposals to NBR

Int'l Customs Day celebrated in Cumilla

Customs, Excise and VAT Commissionerate of Cumilla celebrated “International Customs Day-2024” with the theme of “Customs engaging traditional and new partners with purpose" at Hotel Elite Palace in Cumilla’s Jhawtala on Friday.

CIID seizes export goods over fake documents

Customs Intelligence and Investigate Directorate (CIID) seized a consignment of export goods after a readymade garments company tried to send products of higher value than their declaration

Shahnaz Rahman among top taxpayers of FY 23

The Daily Star Editor Mahfuz Anam, Prothom Alo Editor Matiur Rahman also on the list

E-payment mandatory for depositing VAT of Tk 10 lakh and above

Businesses will have to deposit value-added tax (VAT) of Tk 10 lakh and above through electronic payment or automated chalan from the first day of January next year, the National Board of Revenue (NBR) said yesterday.

Interest rates for NBFIs rise further

The interest rates of loans and deposits in non-bank financial institutions (NBFIs) increased further as the central bank hiked the interest margin by 25 basis points to make money costlier with the aim to curb skyrocketing inflation.

NBR names 9 top VAT depositor firms of FY22

Five made it to the list for consecutive second year

Income tax act lacks pro-people attitude

no provision was included for the extension of tax return submissions after the expiration of the set timeframe

Ctg chamber wants Jan 31, 2024 as tax return submission deadline

The deadline is scheduled to end on Nov 30

Indian multinational faces Tk 7.03cr fine

An Indian multinational company which took part in the construction of Dhaka’s first elevated metro rail is facing a penalty of Tk 7.03 crore for delaying the filing of income tax return for fiscal year 2019-20.

IMF mission unimpressed with NBR’s collection plan  

The visiting mission from the International Monetary Fund was not fully convinced with the plans laid out by the National Board of Revenue on accelerating the tax collection to raise the tax-to GDP ratio by 0.5 percentage points in the current fiscal year. 

Rules relaxed for Best Holdings’ IPO on three conditions

Best Holdings is the owning entity of Le Méridien Dhaka

Bangladesh loses $361 million tax a year for corporate tax abuse

A report by the Tax Justice Network (TJN) reveals

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