Two S Alam sons dodged Tk 75cr in taxes in 20-21
At least six tax officials, including the then tax commissioner, were involved in extending undue favour to two sons of controversial businessman Mohammed Saiful Alam to legalise undisclosed money worth Tk 500 crore, an investigation by the tax intelligence has found.
2w ago
Egg supplies take a hit
The Tejgaon Egg Merchants’ Association, which delivers about 15 percent of the daily supply of 1 crore eggs in the capital, stopped sales from Sunday night claiming it was to avoid harassment by the government authorities.
2w ago
NBR detects Tk 1,400cr of unpaid VAT of S Alam firms
Ten companies of S Alam Group have been ordered to pay Tk 1,414 crore of unpaid value-added tax (VAT) they allegedly “evaded” in the past two years.
3w ago
Prices of essentials: Rains, supply dearth cause spike
The prices of rice, eggs, broiler chicken, soybean oil, palm oil, sugar and vegetables have increased significantly in Dhaka due to a supply shortage and incessant rain.
4w ago
S Alam’s tax file shows no foreign income
S Alam Group owner Mohammed Saiful Alam’s 2022-2023 tax file is a puzzle. In that tax year, he declared personal assets worth Tk 2,532 crore, but did not show any personal bank loans from Bangladesh or his foreign income.
1m ago
S Alam sons: They used fake pay orders even to legalise black money
Ashraful Alam and Asadul Alam Mahir, two sons of controversial businessman Mohammed Saiful Alam, deprived the state of Tk 75 crore in taxes by legalising Tk 500 crore in undisclosed income, documents obtained by The Daily Star have revealed.
1m ago
NBR server breached again
A cybercriminal gang attempted to release a container of liquor worth Tk 14 crore from Chattogram Port after breaching the National Board of Revenue’s server using login credentials of two customs officials.
1m ago
June 26, 2024
Matiur used clout to stop his transfers
So strong was the clout of former National Board of Revenue member Matiur Rahman that he could not be transferred unless he wanted to be transferred.
June 14, 2024
Fake refrigerants seized at Ctg port
Chattogram Customs House confiscated 62,000 suspected substandard refrigerant gas-filled cylinders at the port.
June 10, 2024
NBR tightens ambulance import rules
As per the new rules, Noah can no longer be imported as an ambulance from the current fiscal year as its passenger cabin does not meet the length requirement, according to an NBR official.
June 5, 2024
Duty benefit for washing machines, refrigerators likely to stay
For air conditioner and refrigerator manufacturing industries, the government plans to extend the existing facility to June 2026, according to the finance ministry.
June 1, 2024
A councillor and his illicit tobacco trade
A significant share of Bangladesh’s illegal cigarette market is controlled by two companies where Chattogram City Corporation (CCC) Councillor Abdus Sabur Liton and his brother have the majority stakes, an investigation by The Daily Star has found.
May 17, 2024
Power producers may lose zero-duty benefit
Power generation companies, including rental ones, may see an end to a zero-duty benefit on their import of machinery, equipment and spare parts from next fiscal year as the government moves towards generating more revenue curtailing the practice of handing out tax exemptions.
May 16, 2024
Investors in hi-tech parks, EZs may lose tax benefits
Investors in the economic zones and hi-tech parks in Bangladesh may see an end to the zero-duty benefit on imports of capital machinery, components and construction materials next fiscal year.
May 15, 2024
From mobile users to metro commuters, Bangladeshis to face more tax
Mobile phone calls and metro rail commutes among other daily activities may cost more in the next fiscal year as the government looks to increase taxes to boost its revenue collections.
May 14, 2024
MPs may lose duty waiver for car imports
The National Board of Revenue seeks to impose 25 percent import duty on cars for lawmakers, reversing a practice of tax exemptions that amounted to Tk 5,147 crore over the last 15 years.
May 7, 2024
Goods worth Tk 16k imported at Tk 2.63 crore
State-run Power Grid Company of Bangladesh Ltd (PGCBL) imported 68 kilograms of tower bolts, nuts and washers from India for a whopping $2,39,695 or Tk 2.63 crore, which is 1,619 times the contract value.
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