Seven out of 19 customs agencies have been integrated
The National Board of Revenue (NBR) has for a second time extended by a month the deadline for individual taxpayers to file tax returns.
The National Board of Revenue (NBR) yesterday formed a nine-member committee to make a policy framework for tax expenditure.
Egg, sugar prices became cheaper to some extent, not other commodities, he says
Over 5 lakh submitted e-returns since July 1 to November 24
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
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.
The NBR relaunched the e-filing portal on Sep 9
Social media giant Facebook today got Value Added Tax (VAT) registration from the National Board of Revenue (NBR) after two years of stalemate.
Despite a 2.5 percentage point corporate tax reduction, listed and non-listed companies might end up paying more tax than that last year because of a new plan to increase the tax deducted at source (TDS), said the ICAB yesterday.
Although the government said that it would reduce the taxes levied on the import of raw materials used to make cement, this initiative will not have a satisfactory impact as prices would remain the same at the consumer level, according to market players.
The government will likely offer a 10-year full tax exemption in order to encourage private investors to establish hospitals outside of four districts, including Dhaka and Chattogram.
Women entrepreneurs may receive a relief in tax payment on their incomes from businesses in the coming fiscal year, said an official of the finance ministry.
The National Board of Revenue will keep its tax offices open during the ongoing countrywide restrictions on movement.
In the Addis Ababa Action Agenda 2015, which aims to provide a global framework for financing the Sustainable Development Goals, countries committed to enhancing revenue administration through modernised, progressive tax systems, improved tax policy, and more efficient tax collection.
The government may keep its tax collection target unchanged for the National Board of Revenue in the next fiscal year because of the devastating effect of the coronavirus pandemic on the economy.
Tax collection increased in March thanks to improvement in receipts from import duty and value added tax (VAT), showed provisional data from the National Board of Revenue (NBR).
Nihad Kabir, president of the Metropolitan Chamber of Commerce and Industry, said: “If we want to bring FDI, we have to cooperate with the Bida and the country’s businessmen. That way, both sides will be able to identify weaknesses to attract FDIs.”
