tax
Automated taxation system will increase revenue collection: DCCI
DCCI president emphasises the need for automated taxation to increase revenue collection
What lies ahead for Bangladesh’s economy?
To overcome the economic crisis, no doubt, the country needs strong economic leadership, backed by strong political will.
Tax disputes of Tk 19,000cr pending at higher courts
The collection of nearly Tk 19,000 crore in direct taxes has been stuck at higher courts owing to cases filed by large corporates, some individuals and taxmen, according to the Large Taxpayers Unit (LTU) of the income tax department
Why are private employees' savings being taxed?
Unlike public sector retirees, private sector employees do not get pensions
Provident funds to pay 27.5% tax
Companies and organisations will be required to file tax returns on the income generated by employee welfare funds from the current fiscal year and pay a 27.5 percent tax on the earnings.
CORPORATE TAX ABUSE / Bangladesh loses $361m tax a year: report
Bangladesh is losing $361 million worth of tax annually owing to the shifting of profits by multinational companies, especially into tax havens abroad, according to a report by the Tax Justice Network (TJN).
Tax bill proposes clipping ACC wings
Although tax returns are a key document for investigating illegal wealth, the Income Tax Bill 2023 proposes making it impossible for Anti-Corruption Commission officials to access a suspect’s tax files without a court order.
Remittance outflow crosses $100m -- thru legal channel
Outward remittances from Bangladesh through legal channels crossed the $100-million mark for the first time in 2021 as more foreigners are working in the fast-growing economy, data from a global organisation showed.
Tax return submission deadline extended till December 31
The National Board of Revenue today extended the deadline for income tax return submission till December 31.
Accelerate use of EFDs, ramp up monitoring
The National Board of Revenue should accelerate the use of electronic fiscal devices (EFDs) and ramp up monitoring to eliminate non-compliance with a view to raising more value-added taxes using technologies, said former top taxmen and economists.
Tax measures: Tailored for ‘Made in Bangladesh’
There is bad news for consumers of imported luxury items: they will get dearer thanks to the tax measures the National Board of Revenue is preparing for the new fiscal year that begins on July 1.
Firms prefer to remain non-listed despite tax benefit
Although the corporate tax levied on listed firms is lower than that of their non-listed counterparts, many companies in Bangladesh lack interest in joining the stock market as they want to avoid the obligation of ensuring good corporate governance, regularly disclosing financial information and complying with other rules.
FM's call to generate revenue
One can justifiably expect a lot from our newly inducted finance minister, for he is a chartered accountant by training, a seasoned politician with the experience of holding important public offices
Why tax solar panels?
It is befuddling why the National Board of Revenue (NBR) has decided to slap value added taxes that would amount to a 27 percent levy, on the import of solar panels. This is at a time when Bangladesh is set to explore and develop its solar power possibilities through numerous projects. These include solar home systems, solar irrigation and solar power plants in various parts of the country.
NBR seeks Khaleda's bank info
The National Board of Revenue has asked the banks to turn in information on all accounts of BNP Chairperson Khaleda Zia, according
Proposed VAT, Tax Measures: Major changes likely
Unlike previous budgets, which were passed by parliaments with minor changes, this year's proposed budget could have major
Ministers stand by Muhith
Ministers and senior MPs from the ruling alliance yesterday in parliament spoke in defence of Finance Minister AMA Muhith and
New Vat Plan: Govt may back off for now
The government may backtrack on its plan to implement the new VAT law from July this year, in the face of pressure from a section of
Neymar to stand trial
Neymar, Barcelona and Santos will stand trial on fraud and corruption charges over the transfer of the Brazilian forward after their appeals were turned down by Spain's High Court on Monday.
