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.

3w 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

Corporate tax may be cut

Finance Minister AHM Mustafa Kamal yesterday indicated that the government may consider reducing corporate tax rates for listed firms in the upcoming budget.

3y ago

VAT offices to remain open

The National Board of Revenue (NBR) yesterday said its field offices would remain open to receive monthly VAT returns from businesses during the days of restrictions imposed by the government to slow the spread of coronavirus infections.

3y ago

NBR rejects Dhaka Club’s plea for Tk 33.7cr waiver

The National Board of Revenue (NBR) has rejected a plea of Dhaka Club for a waiver of Tk 33.7 crore in unpaid value-added tax (VAT) and supplementary duty (SD).

3y ago

NBR holds lottery on sales receipts generated by EFDs

For the first time, the National Board of Revenue (NBR) held a lottery today with the receipts generated through electronic fiscal devices (EFDs) against purchases made by consumers from stores.

3y ago

NBR to install electronic registers at retail, wholesale this month

The National Board of Revenue is going to start installation of electronic transaction registers termed as electronic fiscal device from this month at retail and wholesale levels, says NBR Chairman Md Mosharraf Hossain Bhuiyan.

5y ago

Shun tax-dodging tendency

Chairman of the National Board of Revenue Mosharraf Hossain Bhuiyan has urged all to shun the “tax-evading tendency” for the sake of the country’s development.

5y ago

More VAT software makers being listed

The National Board of Revenue’s large taxpayer unit (LTU) has recently asked software companies to get listed with it if they were interested in providing programmes enabling businesses to maintain accounts and keep records of value-added tax (VAT).

5y ago

Facebook to appoint local representative within 4-6 weeks

Facebook will appoint a local representative within the next four to six weeks to ensure payment of value-added tax from their advertisement earnings from Bangladesh market, much to the relief of the revenue authority.

5y ago

New tax return form for firms mandatory

The tax administration has made it mandatory for both local and foreign firms to use a new form from the current fiscal year while filing returns, which will require companies to disclose more information in detail.

5y ago

Ctg customs badly understaffed

Most officials at Customs House Chattogram are not only performing their designated duties but also filling in for vacant posts for an acute shortage of workforce.

5y ago