Ashis Biswas, a retired official of the Chittagong Port Authority, has been filing his tax returns for the past three years at the annual

The National Board of Revenue may soon reinstate a tax concession for fish farming, which was withdrawn 10 months ago.

Only 60,000 firms pay VAT regularly out of nearly 700,000 companies that signed up to pay the tax -- a number that disappoints

The National Board of Revenue (NBR) will honour top nine VAT payers at national level and 110 at district level for their contribution to

People registering for online taxpayer identification numbers (e-TINs) yesterday faced problems due to a technical glitch in the system.

Bangladesh will come out of the 6 percent GDP growth trap next fiscal year as the prevailing political stability looks set to continue,

Businesses with annual turnover of up to Tk 30 lakh are likely to be excused from paying value-added tax, after the government caved

The government has decided not to impose a 4 percent value-added tax on e-commerce as proposed in the budget for the next fiscal

Tax collection growth slowed in April on the back of a decline in income tax receipts for the first time since fiscal 2007-08.

The government is likely to reduce the corporate tax for financial institutions, even though the move would lead to revenue losses of about Tk 1,000 crore.

The government is likely to offer a tax break to the automobile, tyre and bicycle industries to promote growth and investment in the sectors, an official said yesterday.

Planning Minister AHM Mustafa Kamal yesterday criticised Bangladesh's high tax rates, saying it prevents government from earning more revenue for the country.

Tax collection improved in March with economic activities regaining pace as the violent political situation gradually subsided.

The Dhaka and Chittagong stock exchanges yesterday requested the National Board of Revenue to increase the ceiling for tax-free dividend income to Tk 50,000 from Tk 20,000 at present.

The revenue administration has tightened rules to prevent the use of fake taxpayer identification numbers by dishonest people for various purposes, including land and vehicle registration, at public and private agencies.

Bangladesh has at least 10,152 people with individual net wealth of more than Tk 2 crore, according to data compiled by the National Board of Revenue. But taxmen and analysts said the number of wealthy people and the amount of wealth shown by taxpayers should be higher from the viewpoint of property price spirals and the rise in the number of apartments and expensive cars.

Taxpayers will have to explain the sources of their income while making a land purchase, said the National Board of Revenue.

Foreign investors operating in Bangladesh yesterday called for a cut in corporate and other taxes to align them with the rates in