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.
VAT benefit for mobile makers in economic zones, hi-tech parks
Mobile phone manufacturing or assembly plants in hi-tech parks and economic zones will get VAT benefits, according to a recent notification from the National Board of Revenue (NBR).
More leeway for private ICDs
The National Board of Revenue (NBR) has formulated the country’s first-ever comprehensive policy for private inland container depots (ICDs) in order to facilitate their operations and expand Bangladesh’s foreign trade.
NBR hunts for fake cigarette band rolls
The Customs House Chattogram (CHC) and the VAT Intelligence have already conducted several investigations to find the destination of fake cigarette band rolls that dodged the eyes of authorities.
Only 37pc taxpayers file returns
Only 37 per cent of 62.77 lakh registered taxpayers filed income tax returns until January 2, the last day for filing income and wealth statements by individuals, according to the National Board of Revenue (NBR).
Tax receipts rise, still below target
Revenue collection grew 11 per cent year-on-year in November powered by the revival of economic activities and higher income tax payments by individuals ahead of the return submission deadline.
Tax return deadline ends today
Today is the last day for submission of tax returns although the deadline was two days back on Friday, December 31, 2020, which being a weekend had prompted the National Board of Revenue to shift the cut-off day to a workday.
NBR chairman’s tenure extended by 2 years
The government today extended by two years the contract keeping Abu Hena Md Rahmatul Muneem as senior secretary and chairman of the National Board of Revenue (NBR), according to a public administration ministry notification.
NBR eases bonded warehouse rules to boost exports
With many export-oriented firms facing losses for cancellation of export orders by buyers or other factors and sit with stock of raw materials, the National Board of Revenue (NBR) has relaxed rules regarding holding period of raw materials imported duty-free by firms under bonded warehouse licence.
NBR awards nine highest VAT payers
The National Board of Revenue yesterday awarded nine firms for paying the highest amounts in value-added tax in the 2019-20 fiscal year.
New income tax law should rid taxpayers of harassment
Businesspeople yesterday said the government should formulate a new income tax law with the objective to iron out all trust issues between taxpayers and taxmen.