Tax and Customs

Tax and Customs

NBR to collect travel tax directly from outbound passengers

The National Board of Revenue (NBR) is set to introduce a new system for collecting travel tax directly from outbound passengers, replacing the current practice where airlines include the tax in ticket prices and later deposit it into the state coffer.

1d ago

Chittagong Chamber wants widening of tax net

The CCCI submitted 114 proposals for the upcoming budget

1w ago

Two-thirds of e-return filers don’t have taxable income: NBR chairman

Nearly 10 lakh out of 15 lakh e-return filers have submitted zero returns, he says at ERF event

3w ago

Tk 721 crore remittance case settled for just Tk 15,543 in taxes

SM Faruqi Hasan, founding president of the Ontario unit of the Awami League, is involved in the case

1m ago

Dhaka Chamber wants Tk 5 lakh as tax-free income limit

It also suggested reducing the highest income tax rate from 30% to 25%

1m ago

Businessman brought Tk 730cr as remittance to evade tax

A businessman has brought Tk 730 crore under the guise of remittances from abroad and claimed a tax break, creating suspicions of tax evasion among officials of the National Board of Revenue (NBR).

1m ago

NBR to go tough on tax return non-filers

The tax administrator organises a pre-budget discussion

1m ago

NBR eases VAT for supermarket shoppers

No additional 7.5% trade VAT for shopping at supermarkets

1m ago

Tax exemption on fees for foreign physicians treating injured in July uprising

Taxes also waived on physicians' hotel accommodation, food, and airfares

2m ago

44 vehicles, including 24 belonging to ex-MPs, to be auctioned off

Customs did not release the vehicles as those who imported them are no longer MPs and cannot release them under the duty-free facility

2m ago

Increasing efficiency of NBR essential for business growth

Finance Adviser Salehuddin Ahmed yesterday said that increasing the efficiency of the National Board of Revenue (NBR) is essential for the growth of trade and commerce in the country.

2m ago

Online tax return for corporate houses from next year: NBR chairman

He made the comment at an AmCham dialogue

2m ago

Defaulted loans: Not possible to reopen Beximco’s 16 RMG factories

Considering the sheer volume of Beximco’s debt, the government does not think it’s feasible to reopen the textile and garment factories that were taken out of production by the group, Labour Adviser Brig Gen (retd) M Sakhawat Hussain said yesterday.

2m ago

No action taken based on white paper

The interim government has not taken any of the measures recommended by the white paper on the state of the Bangladesh economy even after a month and a half of the report’s submission, said economists yesterday.

3m ago

NBR’s national single window launched for simpler trade procedures

Seven out of 19 customs agencies have been integrated

3m ago

Tax return submission deadline extended to Jan 31

The National Board of Revenue (NBR) has for a second time extended by a month the deadline for individual taxpayers to file tax returns. 

3m ago

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.

4m 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

4m ago