National Board of Revenue (NBR)
IMF prescribes ending tax exemptions
It recommended the National Board of Revenue (NBR) discontinue the tax holiday for the information and communication technology industry and abolish the tax benefit for mining and petroleum extracting companies.
Tax receipts rise 15% in July-March, close to IMF target
Bolstered by rising value-added tax (VAT) collection and increased income tax receipts, the tax administrator logged Tk 259,866 crore in total revenue in the July-March period of the current fiscal year, according to the NBR’s provisional estimates.
NBR issues 'electric seal and lock rules' for fourth time
Earlier, there was a provision for the service providers to be appointed by a committee appointed by the board, said Rahman. Now the company which can provide this service at a low cost will be given the job, he explained.
Firms becoming more transparent in financial statements
The use of the document verification system (DVS) has increased in Bangladesh in the last couple of years, plugging the scope for unruly firms to submit forged audit reports. The number of audit reports signed by accountants by securing codes from the DVS rose by nearly 2 percent year-on-year to 38,316 in 2021-22 compared to a year prior, data from the Institute of Chartered Accountants of Bangladesh (ICAB) showed.
IMF team to help NBR assess tax expenditures
A tax policy mission of the International Monetary Fund (IMF) yesterday began to work with the National Board of Revenue (NBR) to train taxmen to assess tax expenditures so that the government can eliminate less effective tax exemptions, broaden the tax base and increase revenue collection.
There is no alternative to tightening financial regulation
BFIU must be empowered to do more to prevent money laundering
Extend tax return filing deadline for companies: FBCCI
It wants the deadline to be extended until April 30
Mahfuz Ahmed, Babita, and Siam Ahmed lead as taxpayers
This time around, Mahfuz Ahmed, Farida Akhtar Babita, and Siam Ahmed (in this order) topped the list of highest taxpayers for the tax year of 2022-23, under the actors' category, as per the National Board of Revenue (NBR).
National Budget FY2023-24 / Cause for frustration for common people
There is not much in it to make us feel better in terms of its focus and measures.
Revenue collection jumps 21pc in Jul-Aug
Revenue collection by the National Board of Revenue (NBR) witnessed robust growth of 21 per cent in the July-August period of the current fiscal year thanks to the devaluation of taka, high inflationary pressure and expansion of the economy.
Tips for submitting tax returns
Paying taxes is considered a civic duty and doing so, is a stringent requirement of the law of every country as well. In Bangladesh, the National Board of Revenue or NBR is the governing body that oversees the collection of taxes and revenues. Every year, 30 November is commemorated as National Income Tax Day and it also marks the last date by which you have to report your earnings to the NBR by submitting your tax return memos to them.
Mutual funds fall on NBR’s tax move
The unit prices in the mutual fund sector have dropped over the past few weeks even though they disbursed handsome dividends in recent times as the National Board of Revenue (NBR) suggested deducting source tax from the cash dividend income.
Petroleum remains NBR’s major source of revenue
Petroleum imports continue to be the major source of revenue for Custom House, Chattogram thanks to higher tariffs.
Five global tech firms paid Tk 4.6 crore VAT in August to NBR
Five global tech firms paid Tk 4.6 crore as value added tax (VAT) in August with social media giant facebook depositing the highest amount, which reflects the growing desire of businesses to advert about their product and services in the digital sphere.
NBR asks banks to freeze accounts of Regent's Shahed, JKG's Ariful
The National Board of Revenue (NBR) direct banks to freeze all accounts of Regent Group chairman Md Shahed, JKG Healthcare Chief Executive Ariful Chowdhury, Ariful’s spouse and firms related to both (Shahed and Ariful).
Tax official dies from Covid-19
A tax official has died from Covid-19 infection at Dhaka Medical College Hospital.
Ctg port congestion: NBR orders transfer to private inland depots
The National Board of Revenue (NBR) today ordered the authorities concerned to transfer all types of import-laden containers from Chattogram port to 19 private inland container depots (ICDs) in the district.
NBR to install electronic registers at retail, wholesale this month
The National Board of Revenue is going to start installation of electronic transaction registers termed as electronic fiscal device from this month at retail and wholesale levels, says NBR Chairman Md Mosharraf Hossain Bhuiyan.
NBR observes Nat'l Income Tax Day
With a target to raise awareness on income tax and encourage people to pay taxes regularly, the National Board of Revenue (NBR) organises a colourful rally in Dhaka.
