Tax and Customs
Five ICT trade bodies demand tax exemption until 2031
Five associations representing the ICT sector yesterday demanded that the government extend tax exemptions on businesses offering software and IT-enabled service (ITES) till 2031, saying their development was crucial to the government’s vision for a Smart Bangladesh.
Metro rail commute to get costlier as NBR declines to extend VAT exemption
Metro rail commuters are expected to be required to pay 15% VAT on their ticket fares from July 1 as the National Board of Revenue (NBR) plans to discontinue the exemption.
Tax on provident funds' income: One country, dual policy
A provision in the Income Tax Act 2023 created the discrimination
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.
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.
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.
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
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
Rules on 'tax deducted at source' framed as per new tax law
The National Board of Revenue (NBR) has framed rules regarding tax deducted at source (TDS) in line with the new income tax law that came into effect last month.
5.4 million didn’t submit tax return: finance minister
At least 5.4 million taxpayers of the country have not submitted their income tax returns within the stipulated time frame for the current fiscal year 2022-23, Finance Minister AHM Mustafa Kamal told parliament today
Who needs to file statement on living expenses?
The proposed income tax law has sought to make it mandatory for taxpayers in specific cases to add the statement of their living expenses with their tax returns.
Tax return filing deadline extended for companies
Those who sought time extension will only get the opportunity
CPD urges NBR to bring Facebook, Google, Netflix under tax
The Centre for Policy Dialogue (CPD) today urged the National Board of Revenue (NBR) to bring non-resident tech giants such as Facebook, Google, and Netflix under tax.
India to pay Tk 220 per tonne for transportation of goods via Mongla, Ctg
Additional charges will also be applicable, says NBR
