Tax and Customs

Tax and Customs

NBR’s national single window launched for simpler trade procedures

Seven out of 19 customs agencies have been integrated

1w 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. 

2w 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.

2w 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

1m ago

Electronic filing of tax return doubles since July

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

1m 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

1m 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.

2m ago

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

The NBR relaunched the e-filing portal on Sep 9

3m ago

Complete automation of bond facility by 2023: NBR chairman

The bond facility will be completely automated by 2023 so that no one can gain illegal benefit from the system, said Abu Hena Md Rahmatul Muneem, chairman of the National Board of Revenue.

2y ago

NBR's pre-budget meetings from Feb 6

The National Board of Revenue (NBR) is going to start its pre-budget meetings for the next fiscal year from February 6.

2y ago

NBR has big role to play to stop money laundering: Razzaque

The National Board of Revenue has a big role to play so that no businessman can launder money aboard, Agriculture Minister Muhammad Abdur Razzaque said today.

2y ago

Submit customs complaint in writing to stop harassment: NBR chairman

Businesspeople are making wholesale complaints about being harassed during release of imported goods from the customs houses and the complaints are incorrect, Abu Hena Md Rahmatul Muneem, chairman of the National Board of Revenue (NBR), said today.

2y ago

Ctg custom foils bid to launder Tk 1.6 crore

Chattogram Customs House has seized a consignment on charges of laundering Tk 1.6 crore by exporting 22 times more goods than the declaration.

2y ago

Tax collection up 14%

Tax collection grew 14.2 per cent year-on-year to Tk 126,209 crore in the July-December period of the current fiscal year, according to the provisional data of the National Board of Revenue.

3y ago

Lawmakers can now import electric cars duty free

The lawmakers will be able to import electric cars and hybrid jeep duty-free from now on, according to a notification of the National Board of Revenue (NBR) issued yesterday.

3y ago

'Retail VAT collection will rise if EFDs are installed countrywide'

The collection of retail VAT will speed up if electronic fiscal devices (EFDs) can be installed across the country through outsourcing, said Abu Hena Md Rahmatul Muneem, chairman of the National Board of Revenue (NBR).

3y ago

VAT payments of over Tk 50 lakh must be electronic

Businesses seeking to pay value added tax (VAT) of Tk 50 lakh or above will have to use electronic modes from January 1 next year, said the National Board of Revenue (NBR) yesterday.

3y ago

Ctg customs seizes Tk 120cr fake cigarette tax stamps

Custom House, Chattogram yesterday seized 1.62 crore fake cigarette tax stamps, worth Tk 120 crore, illegally brought from China.

3y ago