The tax-free income threshold for war-wounded freedom fighters may increase by 5%
The CPD distinguished fellow also questions transparency in policy formulation
The announcement comes amid continued protest by tax officials
In the face of turmoil amid continued protest by employees, the government yesterday backtracked from its position and stated it would bring “required amendments” to the new ordinance that split the National Board of Revenue.
Their four-point demand includes the repeal of the recently issued ordinance and the resignation of the NBR chairman
The government will duly consider demands from protesting officials of the National Board of Revenue (NBR), who have been observing a pen-down strike since the interim government passed an ordinance aimed at dissolving the revenue board on May 12.
Employees of the National Board of Revenue (NBR) yesterday postponed their pen-down strike after the top authority of the interim government invited them for a discussion over their demands to repeal the new Revenue Policy and Revenue Management Ordinance, 2025.
Simple rebranding won’t resolve structural flaws, he says
The National Board of Revenue (NBR) is likely to introduce self-assessment for companies from 2024-25 to allow them to determine their own tax liabilities and cut reliance on taxmen.
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.
The government plans a new export promotion fund as an alternative to direct cash incentives for export-oriented sectors to help the country face challenges resulting from its graduation to a developing nation in 2026.
On April 4, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the government to pay attention to ensuring reasonable protection from customs tariffs for the sake of employment and promoting domestic industries, services and small and medium enterprises.
A provision in the Income Tax Act 2023 created the discrimination
The government has provided tax benefits to three sectors, namely leather, asset management, and research, to boost competitiveness and foreign currency earnings.
Massive reforms are required in tax and VAT laws to mobilise domestic resources and achieve the government’s target to become a developed country by 2041, according to experts.
The Bangladesh Chamber of Industries (BCI) yesterday demanded a five-year tax holiday for cottage, micro and small and medium enterprises (CMSMEs) beginning from fiscal year 2024-25 in order to foster their growth.
The Bangladesh Insurance Association (BIA), a platform for insurance companies, has proposed withdrawal of the VAT applicable to policyholders in order to help the health insurance sector expand.
His contractual appointment has been extended by two years
