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
Rokia Afzal Rahman was a visionary business leader: MCCI chief
The foresightedness of Rokia Afzal Rahman was unparallel
E-payment made mandatory for taxes
The National Board of Revenue issues a notification on March 23
The tax-free income threshold for personal income should be raised to Tk 3.50 lakh considering the added pressure of rising commodity prices, particularly those of food items, said the CPD
The Centre for Policy Dialogue (CPD) today urged the government to reduce the duties and taxes, both at import and domestic levels, on essential commodities in order to provide some respite to consumers with low and limited income amid higher inflation.
Economic Association for all-out efforts to cut inequality
The Bangladesh Economic Association (BEA) today urged the budget planners to employ all possible ways to reduce the inequality related to wealth, income, health, and education.
BKMEA for continuation of current corporate tax rate for 5 more years
The Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) today urged the government to cut the tax deducted at source and continue the existing corporate tax rate for another five years.
BGMEA seeks cuts in tax deducted at source
Apparel exporters today sought a host of tax benefits, including bringing down the tax deducted at source and withdrawing income tax levied on cash incentives in the upcoming fiscal year, in a bid to help the garment industry deal with the current economic stress.
Language of tax laws attacking to some extent: NBR chairman
The tax forms need to simplified too, says Abu Hena Md Rahmatul Muneem
Online tax returns rise 3 times
The tax administrator has seen a 239 per cent or three times year-on-year rise in the number of online tax return submissions in 2022-23.
How did 2022 go for Bangladesh?
Bangladesh economy was all set at the beginning of 2022 to get its growth momentum back after recovering from the prolonged Covid-19 pandemic. But, the start of the Ukraine war in February slowed the country’s joy run significantly, making it an eventful year to remember. Let’s see how 2022 was for Bangladesh.
Taxpayers can file return on Jan 1: NBR
The National Board of Revenue yesterday said it will accept tax returns from individual taxpayers on the first day of January 2023.
