Tax & Customs
Special arrangements in Nov to help file tax returns
Instead of holding an income tax fair, the National Board of Revenue (NBR) says it will have dedicated officials and special arrangements at field-level offices to extend tax services and facilitate return submissions throughout November.
e-filing of tax returns crosses 50,000 in less than a month
The NBR relaunched the e-filing portal on Sep 9
NBR forms taskforce to reform income tax law
Tax Commissioner Ikhtiar Uddin is heading the seven-member task force
NBR asks officials to come to office on time
The National Board of Revenue (NBR) has asked the officials of its income tax wing to be at office ahead of the 9:00am reporting time.
Finance adviser urges NBR to reconsider duty structure
Finance and Commerce Adviser Salehuddin Ahmed yesterday asked the National Board of Revenue (NBR) officials to reconsider the duty structure of imported essential commodities in a bid to tackle persistent inflation..The adviser said essential commodities, namely edible oil, sugar, potato a
Waive port charges incurred amid recent unrest
The Bangladesh Shipping Agents’ Association (BSAA) has urged the government to waive all port charges incurred for delays in container handling amid the weeklong unrest, internet outage and stringent curfew that began on July 18..The BSAA, the country’s sole trade body for shipping agents,
Kaus Mia: a role model in a nation where tax noncompliance is rife
The late successful businessman had been one of the highest taxpayers in Bangladesh since 2010-11
NBR plans self-assessment of tax liabilities for all firms
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.
No cut in VAT on beauty parlour services: NBR chairman
The value-added tax (VAT) on beauty parlour services would not be reduced in the upcoming national budget, Abu Hena Md Rahmatul Munim, chairman of the National Board of Revenue (NBR), said today.
Avoid duties on local goods in FY23
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday urged the country’s revenue authority to avoid imposing any supplementary duty on locally produced goods in the next fiscal year.
NBR extends facility to foreigners working at expressway
The National Board of Revenue (NBR) has extended its income tax exemption facility to foreigners working at the elevated expressway being constructed under a public-private partnership.
Hold comprehensive talks before finalising income tax law
Businesses yesterday urged the government to hold comprehensive discussions with trade bodies before finalising the newly drafted income tax law.
Tax breaks for fish processing: minister
Bangladesh Fisheries Development Corporation (BFDC) is establishing a world-class dry fish processing industry in Cox’s Bazar, said Fisheries and Livestock Minister SM Rezaul Karim yesterday.
Customs stations can now give permission for temporary import
The National Board of Revenue (NBR) has updated its rules on temporary importation of machinery, parts and equipment such that public and private agencies can implement projects that require using foreign items.
Lodge formal complaints over tax harassment: NBR
The National Board of Revenue (NBR) has urged businesspeople to come up with specific allegations if they face any harassment at the hands of tax officials instead of making random complaints.
Stop harassing businesses for tax, extend loan moratorium
Top business leaders yesterday urged the government to take steps to put an end to the harassment businesses face at the hands of VAT and tax officials and extend the loan moratorium period to help them recover from the coronavirus pandemic.
TINs of firms surge, but return filing sluggish
The National Board of Revenue (NBR) has seen a massive surge in registrations for Taxpayer Identification Numbers (TIN) by companies, mainly due to its increased monitoring and efforts to bring all registered firms under the tax net.
NBR examines scope for tax rebate on sukuk income
The National Board of Revenue (NBR) is examining the scope for giving tax rebate on the income of individuals who are investing in the shariah-based sukuk bond, said a senior official of the tax authority yesterday.