Tax and Customs

Tax and Customs

Panel formed to make tax expenditure policy

The National Board of Revenue (NBR) yesterday formed a nine-member committee to make a policy framework for tax expenditure.

1d ago

Tax cuts yield limited impact on rising commodity prices: NBR chairman

Egg, sugar prices became cheaper to some extent, not other commodities, he says

1w ago

Electronic filing of tax return doubles since July

Over 5 lakh submitted e-returns since July 1 to November 24

3w ago

Most SMEs cite tax structure as main barrier

Around 57 percent of surveyed small and medium enterprises (SMEs) cited the existing tax structure as the main obstacle to doing business in compliance with the law, according to a report by the SME Foundation

3w ago

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.

1m ago

e-filing of tax returns crosses 50,000 in less than a month

The NBR relaunched the e-filing portal on Sep 9

2m ago

NBR forms taskforce to reform income tax law

Tax Commissioner Ikhtiar Uddin is heading the seven-member task force

2m ago

Onion imports resume thru Hili land port

Onion imports through Hili land port in Dinajpur resumed on Tuesday after being halted for four days due to a software glitch in Indian customs..The Indian customs had implemented an updated tariff regime at 4:45pm that day, reducing the export duty on onions from 40 percent to 20 percent.

3m ago

Revenue target for FY25 to be left unchanged

The interim government will not bring down the revenue collection target for the current fiscal year as it aims to mobilise more domestic resources to reduce reliance on foreign loans, according to Finance and Commerce Adviser Salehuddin Ahmed.

3m ago

Abdur Rahman Khan made new NBR chairman

The government today appointed Abdur Rahman Khan as the chairman of the National Board of Revenue (NBR) by cancelling the contractual appointment of Abu Hena Md Rahmatul Muneem

4m ago

VAT claims against S Alam firms: Govt submits replies to HC rules

The government today submitted before the High Court replies to the rules which questioned the legality of its demand for unpaid VAT and the consequent fines of over Tk 7,000 crore from S Alam Vegetable Oil Ltd and S Alam Super Edible Oil Ltd

5m ago

HC questions govt demands of unpaid VAT from S Alam companies

The High Court today questioned the legality of government's demand for unpaid VAT and the consequent fines of over Tk 7,000 crore from S Alam Vegetable Oil Ltd and S Alam Super Edible Oil Ltd

5m ago

Container of cigarettes seized in Ctg

Chattogram Custom House and Customs Intelligence seized a container of cigarettes on Thursday midnight, which was imported under false declaration

5m ago

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

5m ago

Kaus Mia, a celebrated taxpayer, is no more 

Md Kaus Mia, one of the highest taxpayers in Bangladesh since 2010-11, has died at the age of 94. 

5m ago

Amnesty for black money promotes injustice, moral hazard: CPD

The state is promoting injustice and moral hazard by allowing the holders of black money to legalise their undeclared assets through payment of 15 percent tax and without facing any questions, said the Centre for Policy Dialogue (CPD) today.

6m ago

Tax from Google, FB: HC issues contempt of court rule against NBR chief

The High Court yesterday issued contempt of court rule against the NBR chairman for not complying with its verdict in 2020, which ordered to submit a report on collection of taxes from Google, Facebook, YouTube, Yahoo, Amazon and other web-based companies before it every six months

6m ago

Who will actually have to pay 30 percent income tax?

What is a progressive tax system? Well, it means that the income tax rate climbs up as the income increases. But that still doesn't mean that the raised income tax rate will apply for the entirety of someone's income

6m ago