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
The government will use some 10,000 people through third-party sources to widen the tax net to upazila level by this year.
Revenue collection is poised to fall short of target by a big margin this fiscal year, with receipts growing the lowest in five years in the first nine months due to sluggish collection of customs tariff and value-added tax. Between July last year and March this year, the National Board of Revenue
The tax authority has not made opening taxpayer identification number (TIN) mandatory for stock investors, allaying the fears of general investors.
A panel of the National Board of Revenue is set to propose continuation of multiple rates of VAT along with 15 percent flat rate under the VAT and Supplementary Duty Act 2012, said officials.
Customs, Excise & VAT Commissionerate has sued 24 reputed organisations for not paying VAT on sales in this year's Dhaka
Tax collection growth slowed down in the first half of fiscal 2018-19, in what can be viewed as a major setback for the government's efforts to ramp up revenue.
The customs house of Chattogram is going to sue two firms—Grambangla Food Corporation and M/S N Islam Enterprise—on charges of money laundering in the name of goods import.
The process of collecting tax and complying with tax laws is changing fast. New generation computer software, real time reporting, artificial intelligence and machine learning technologies are transforming the tax systems of economies around the world.
Firms making goods and providing services from hi-tech parks will not have to pay income tax in the first seven years of their operations, up from three years previously.
Tax offices will remain open tomorrow and the day after for filing of income tax returns ahead of the December 2 deadline set by the government.
